Borrower Insurance Pledge definition

Borrower Insurance Pledge means a right of pledge (pandrecht) on the rights of the relevant Borrower/insured against the relevant Life Insurance Company under (i) the relevant Life Insurance Policy securing the relevant Life Mortgage Receivable or (ii) the relevant Life Risk Insurance Policy securing the relevant Mortgage Receivable.
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Borrower Insurance Pledge means a right of pledge (pandrecht) created in favour of the [relevant] [Originator / Seller] on the rights of the relevant pledgor against the relevant Insurance Company under the relevant Insurance Policy securing the relevant Mortgage Receivable;
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Borrower Insurance Pledge means a pledge (pandrecht) originally created in favour of the Transferor on the rights of the relevant pledgor against the Insurance Company under the relevant Insurance Policy securing the relevant Mortgage Receivable. Borrower Insurance Proceeds Instruction means the irrevocable instruction by the beneficiary under an Insurance Policy to the Insurance Company to apply the insurance proceeds towards repayment of the same debt for which the relevant Borrower Insurance Pledge was created. Borrower Investment Account means, in respect of an Investment Mortgage Loan, an investment account in the name of the relevant Borrower. Borrower Investment Pledge
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Examples of Borrower Insurance Pledge in a sentence

  • All rights of a Borrower under the Insurance Policies have been pledged to the relevant Transferor, or in respect of Mortgage Receivables acquired by such Transferor after origination, the relevant originator (the "Borrower Insurance Pledge").

  • The Borrower Insurance Pledge secures the same liabilities as the Bank Security Rights (and should therefore be regarded as a Bank Pledge).

  • As a result, except as permitted by the commissioner in exceptional circumstances, corporate obligations must be “investment grade” in order to meet legal reserve requirements unless the other requirements of Iowa Code section 511.8(5)“a” regarding the financial condition of the issuer of the obligation are met.

  • It is uncertain whether such claim for restitution and/or supplementary damages would be pledged under the Borrower Insurance Pledge.

  • If not, the Borrower Insurance Pledge would not obstruct a right of set-off in respect of such claim by the Borrowers.

  • Wednesday 3rd April 2019 at 4.30pm, Committee Room 4, County Hall, Cardiff.

  • All rights of a Borrower under the Insurance Policies have been pledged to the Transferor under a Borrower Insurance Pledge.

  • In addition, the Borrower Insurance Pledge secures the same liabilities as the Bank Security Rights (and should therefore be regarded as Bank Pledges).

  • All rights of a Borrower under the Insurance Policies have been pledged to the relevant Originator under a Borrower Insurance Pledge.

  • All rights of a Borrower under the Insurance Policies (if any) have been pledged to the Transferor (the "Borrower Insurance Pledge").

Related to Borrower Insurance Pledge

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.