Certificate Insurance Account definition

Certificate Insurance Account. The account established pursuant to Section 12.02(b) of this Series Supplement.

Certificate Insurance Account. The account established pursuant to Section 5.07.

Certificate Insurance Account. The account established pursuant to Section 12.02(b) hereof.

Examples of Certificate Insurance Account in a sentence

• Any funds remaining in the Certificate Insurance Account on the first Business Day following a Distribution Date shall be remitted to the Certificate Insurer, pursuant to the instructions of the Certificate Insurer, by the end of such Business Day.

• However, the amount of any payment of principal of or interest on the Insured Certificates to be paid from funds transferred from the Certificate Insurance Account shall be noted as provided in paragraph (c) below and in the statement to be furnished to Holders of the Certificates pursuant to Section 4.03.

• The Trustee shall deposit any amount paid under the Certificate Policy in the Certificate Insurance Account and distribute such amount only for purposes of payment to Holders of Insured Certificates of the Insured Payment for which a claim was made.

• If, at any time subsequent to the date of this Agreement such Member becomes legally married (whether in the first instance or to a different spouse), such Member shall cause his or her spouse to execute and deliver to the Company a consent in the form of Exhibit B-1 or Exhibit B-2 attached hereto.

• Funds held in the Certificate Insurance Account shall not be invested by the Master Servicer, the Company or the Trustee.

More Definitions of Certificate Insurance Account

Certificate Insurance Account. The account established pursuant to Section [_______] hereof.] [Certificate Insurance Payment: Any payment made by the Certificate Insurer with respect to any Insured Certificates under the Certificate Policy.]

Certificate Insurance Account. Not applicable.

Certificate Insurance Account. The account established pursuant to Section 12.02(b) of this Series Supplement, which shall be entitled "Certificate Insurance Account, Deutsche Bank Trust Company Americas, as trustee for the registered holders of Residential Accredit Loans, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 2003-QS8, Class A-3."

Certificate Insurance Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.05(c) in the name of the Trustee for the benefit of the Class A-6 Certificateholders and designated "The Bank of New York in trust for registered holders of Alternative Loan Trust 2005-13CB, Mortgage Pass-Through Certificates, Series 2005-13CB, Class A-6". Funds in the Certificate Insurance Account shall be held in trust for the Class A-6 Certificateholders for the uses and purposes set forth in this Agreement.

Certificate Insurance Account. As defined in SECTION 7.03(B).

Certificate Insurance Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 11.02(b) in the name of the Trustee for the benefit of the Class 3-A-2 Certificateholders and designated "First Union National Bank in trust for registered holders of CHL Mortgage Pass-Through Trust 2001-J1 Mortgage Pass-Through Certificates, Series 2001-J1, Class 3-A-2". Funds in the Certificate Insurance Account shall be held in trust for the Class 3-A-2 Certificateholders for the uses and purposes set forth in this Agreement.

Certificate Insurance Account. As defined in Section 4.07(c).