Guaranty Policy Sample Clauses
A Guaranty Policy clause establishes that a third party, known as the guarantor, promises to fulfill the obligations of one party if that party fails to perform under the contract. Typically, this clause outlines the scope of the guarantor’s responsibility, such as covering unpaid debts or ensuring completion of services, and may specify conditions under which the guaranty is triggered. Its core function is to provide assurance to the beneficiary that contractual obligations will be met, thereby reducing the risk of non-performance or default.
Guaranty Policy. That certain guaranty insurance policy for the Insured Securities, dated March 10, 1997, and issued by the Securities Insurer to the Indenture Trustee and guaranteeing payment of any Insured Payment.
Guaranty Policy. 9 HUD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Guaranty Policy. That certain financial guaranty insurance policy for the Notes, number dated _________, 200__, and issued by the Securities Insurer to the Indenture Trustee and guaranteeing payment of any Insured Payment thereunder.]
Guaranty Policy. 9 HUD ............................................................................................. 9
Guaranty Policy. That certain certificate guaranty insurance policy for the Insured Certificates, number ___________, dated ________________, 199__ and issued by the Certificate Insurer to the Trustee guaranteeing payment on each Remittance Date of the Interest Remittance Amount, Principal Remittance Amount and any unpaid Preference Amounts in connection with the Insured Certificates.