Common use of Unpaid Insurance Clause in Contracts

Unpaid Insurance. Facility Amounts shall be retained in the Security Trust Account(s) and, before the Insurance Facility First Closing Date, shall be used on a revolving basis for the purpose of providing new Insurance Contracts under the Insurance Facility. Part C: Financing of New Insurance Facility and Other Activities 1. Subject to the Insurance Facility Agreements and paragraph 4 of Part C of this Schedule, following: (i) the Insurance Facility First Closing Date, or (ii) the termination of the Insurance Facility for a reason acceptable to the Association, or

Unpaid Insurance. Facility Amounts shall be retained in the Security Trust Account(s) and, before the Insurance Facility First Closing Date, shall be used on a revolving basis for the purpose of providing new Insurance Contracts under the Insurance Facility. Part C: Financing of New Insurance Facility and Other Activities 1. Subject to the Insurance Facility Agreements and paragraph 4 of Part C of Section III of this Schedule, following: (i) the Insurance Facility First Closing Date, or (ii) the termination of the Insurance Facility for a reason acceptable to the Association, or

Unpaid Insurance. Facility Amounts shall be retained in the Security Trust Account(s) and, before the Insurance Facility First Closing Date, shall be used on a revolving basis for the purpose of providing new Insurance Contracts under the Insurance Facility. Part C: Financing of New Insurance Facility and Other Activities 1. Subject to the Insurance Facility Agreements and paragraph 4 of Part C of this Schedule, following: following (i) the Insurance Facility First Closing Date, or (ii) the termination of the Insurance Facility for a reason acceptable to the Association, or