Insured Payments Sample Clauses
The 'Insured Payments' clause defines the obligations and procedures related to payments made by an insurer under an insurance policy. Typically, it outlines when and how the insurer must pay claims to the insured, such as after a covered loss is verified and all required documentation is submitted. This clause ensures that the insured receives timely and appropriate compensation for covered events, thereby providing financial protection and clarity regarding the insurer's payment responsibilities.
Insured Payments. The Trustee shall hold all such money and property received by it, as part of the Trust Fund and shall apply it as provided in this Agreement.
Insured Payments. The Indenture Trustee shall apply all such money received by it as provided in this Indenture and the Sale and Servicing Agreement. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Trust Estate, the Indenture Trustee may take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings.
Insured Payments. The Indenture Trustee shall hold all such money and property received by it, other than pursuant to or as contemplated by Section 5.03(e) hereof, as part of the Trust Estate and shall apply it as provided in this Indenture.