PAYMENTS UNDER THE BOND INSURANCE POLICY. (a) On the second Business Day prior to any Payment Date and at such time as it shall deliver an acceleration notice to the Bondholders pursuant to Section 5.02, the Indenture Trustee on behalf of the Class A Bondholders shall make a draw on the Bond Insurance Policy in an amount, if any, equal to the Deficiency Amount.
Appears in 9 contracts
Samples: Indenture (Collateralized Asset-Backed Bonds Series 2002-3), Indenture (Imh Assets Corp), Indenture (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2000 1)
PAYMENTS UNDER THE BOND INSURANCE POLICY. (a) On the second Business Day prior to any Payment Date and at such time as it shall deliver an acceleration notice to the Bondholders pursuant to Section 5.02, the Indenture Trustee on behalf of the Class A 1-A-1 Bondholders and Class 2-A-1 Bondholders shall make a draw on the Bond Insurance Policy in an amount, if any, equal to the Deficiency Amount.
Appears in 2 contracts
Samples: Servicing Agreement (Imh Assets Corp Ipac CMB Trust Series 2003-1), Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2003-4)
PAYMENTS UNDER THE BOND INSURANCE POLICY. (a) On the second Business Day prior to any Payment Date and at such time as it shall deliver an acceleration notice to the Bondholders pursuant to Section 5.02, the Indenture Trustee on behalf of the Class A Bondholders shall make a draw on the Bond Insurance Policy in an amount, if any, equal to the Deficiency Amount.
Appears in 1 contract
Samples: Indenture (Imh Assets Corp)
PAYMENTS UNDER THE BOND INSURANCE POLICY. (a) On the second Business Day prior to any Payment Date and at such time as it shall deliver an acceleration notice to the Bondholders pursuant to Section 5.02, the Indenture Trustee on behalf of the Class A Bondholders shall make a draw on the Bond Insurance Policy in an amount, if any, equal to the Deficiency Amount.
Appears in 1 contract
Samples: Indenture (Imh Assets Corp Collateralized Asset-Backed BDS Ser 1999-2)
