Bulk PMI Policy definition

Bulk PMI Policy. Not applicable.
Bulk PMI Policy. The (i) MGIC Mortgage Guaranty Master Policy (No. 12-670-4-4089), including (a) Terms and Conditions No. 71-7135 (8/94), (ii) Endorsements No. 71-70192 (8/01) and 71-70201 (1/03) with an effective date of October 1, 2004, as modified by the Terms Letter for MGIC Mortgage Insurance Coverage or Additional Coverage dated October 1, 2004 among Xxxxxx Brothers Inc., MGIC and the Trustee and (iii) Commitment Certificates covering $462,157,969.55 aggregate principal balance of insurable Mortgage Loans.
Bulk PMI Policy. Either the (A)(i) the MGIC Mortgage Guaranty Master Policy (No. 12-670-4-4234), including (ii) Terms and Conditions No. 71-70282 (2/05) and Terms and Conditions No. 71-70283 (2/05), as modified by the MGIC Letter Agreement and (iii) certificates covering $466,469,061.35 aggregate principal balance of insurable Mortgage Loans, (B)(i) the PMI Mortgage Master Policy Bulk No. 2005-0347, subject to the terms and conditions of PMI Mortgage’s Bulk Primary First Lien Master Policy UW 2510.00 (9/00), including (ii) the PMI Letter Agreement covering $204,512,785.21 aggregate principal balance of insurable Mortgage Loans or (C)(i) the RMIC Mortgage Policy Form MP-1103, 8/94, including (ii) any related endorsements and (iii) the RMIC Letter Agreement covering $84,971,647.22 aggregate principal balance of insurable Mortgage Loans.

Examples of Bulk PMI Policy in a sentence

  • The Servicer shall not take, or permit any subservicer to modify or otherwise permit an assumption of a Mortgage Loan covered by a Bulk PMI Policy or take any other action with respect to such Mortgage Loan which would result in non-coverage under the applicable Bulk PMI Policy of any loss which, but for the actions of the Servicer or subservicer, would have been covered thereunder.

  • The Servicer agrees to effect the timely payment of the premiums on each Primary Mortgage Insurance Policy (other than any Bulk PMI Policy premium), and such costs not otherwise recoverable shall be recoverable by the Servicer as Servicing Advances or, if applicable, as Nonrecoverable Advances.

  • The Servicer shall not take, or permit any subservicer to modify or otherwise permit an assumption of a Mortgage Loan covered by a Bulk PMI Policy or take any other action with respect to such Mortgage Loan which would result in non-coverage under the applicable PMI Policy of any loss which, but for the actions of the Servicer or subservicer, would have been covered thereunder.

  • Radian Bulk PMI Policy: Radian Master Policy, No. 45450 as modified by the related Terms Letter Agreement (Ref.

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More Definitions of Bulk PMI Policy

Bulk PMI Policy. The MGIC Master Mortgage Guaranty Policy (No. 12-670-4-2432) and any related endorsements, commitments and assignments covering the Mortgage Loans with Original Loan-to-Value Ratios of 60% or more as indicated on the Mortgage Loan Schedule. Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a day on which banking institutions in New York, New York or, if other than New York, the city in which the Corporate Trust Office of the Trustee is located, or the States of Maryland, Illinois or Colorado are closed, or (iii) with respect to any Servicer Remittance Date or any Servicer reporting date, the States specified in the definition of "Business Day" in the related Servicing Agreement, are authorized or obligated by law or executive order to be closed.
Bulk PMI Policy. Any of the (A)(i) the MGIC Mortgage Guaranty Select Master Policy for Multiple Loan Transactions No. 22-590-4-3651 and the MGIC Letter Agreement and (ii) Commitment Certificates covering $90,607,894.93 aggregate principal balance of insurable Mortgage Loans and (B) PMI Mortgage Master Policy No. 20000-0000-0, Bulk No. 2006-0911, subject to the terms and conditions of PMI Mortgage’s Bulk Primary First Lien Master Policy UW 2510.00 (09/00) and the PMI Letter Agreement, covering $64,592,997.69 aggregate principal balance of insurable Mortgage Loans.
Bulk PMI Policy. Each of the (A)(i) MGIC Mortgage Guaranty Select Master Policy for Multiple Loan Transactions No. 22-590-4-3685 and the MGIC Letter Agreement dated November 22, 2006 and (ii) Commitment Certificates covering $181,351,780.41 aggregate principal balance of insurable Mortgage Loans and (B) PMI Mortgage Master Policy No. 00000-0000-0, Bulk No. 2006-0995, subject to the terms and conditions of PMI Mortgage’s Bulk Primary First Lien Master Policy UW 2510.00 (09/00) and the PMI Letter Agreement dated November 30, 2006, covering $84,656,021 aggregate principal balance of insurable Mortgage Loans.
Bulk PMI Policy. The (i) MGIC Mortgage Guaranty Master Policy (No. 12-670-4-3881), effective May 1, 2004, including (a) Terms and Conditions No. 71-7135 (8/94) and (ii) Endorsements No. 71-70192 (8/01) and 71-70201 (1/03), as modified by the Terms Letter for MGIC Mortgage Insurance Coverage dated May 24, 2004 among Xxxxxx Brothers Inc., MGIC and the Trustee and (iii) Commitment Certificates covering approximately $255.5 million aggregate principal balance of insurable Mortgage Loans.
Bulk PMI Policy. The PMI Mortgage Master Policy No. 00000-0000-0 Bulk No. 2005-1097, subject to the terms and conditions of PMI Mortgage’s Bulk Primary First Lien Master Policy 2510.00(9/00) and the PMI Letter Agreement, covering $85,236,631 aggregate principal balance of insurable Mortgage Loans.
Bulk PMI Policy. [To insert as applicable].
Bulk PMI Policy. Any of the (A)(i) the MGIC Mortgage Guaranty Select Master Policy for Multiple Loan Transactions No. 22-590-4-3472 and the MGIC Letter Agreement dated February 24, 2006 and (ii) Commitment Certificates covering $167,567,189.59 aggregate principal balance of insurable Mortgage Loans, (B) PMI Mortgage Master Policy No. 00000-0000-0, Bulk No. 2006-0061, subject to the terms and conditions of PMI Mortgage’s Bulk Primary First Lien Master Policy UW 2510.00 (9/00) and the PMI Letter Agreement dated February 28, 2006, covering $106,352,865 aggregate principal balance of insurable Mortgage Loans and (C)(i) the RMIC Mortgage Policy Form MP-1103, 8/94, including (ii) any related endorsements and (iii) the RMIC Letter of Intent dated February 28, 2006 covering $74,351,738.65 aggregate principal balance of insurable Mortgage Loans.