Certificate Insurance Policies definition

Certificate Insurance Policies. The Group I Certificate Insurance Policy and the Group II Certificate Insurance Policy.

Certificate Insurance Policies. The Adjustable Rate Group Certificate Insurance Policy and the Fixed Rate Group Certificate Insurance Policy.

Certificate Insurance Policies. Collectively, the certificate guaranty insurance policies relating to the Certificates of each Pool, each dated the Closing Date, and each issued by the Certificate Insurer for the benefit of the Holders of the Certificates of the related Pool, pursuant to which the Certificate Insurer guarantees Insured Payments.

Examples of Certificate Insurance Policies in a sentence

• Any right conferred to the Certificate Insurer shall be suspended during any period in which the Certificate Insurer is in default in its payment obligation's under the related Certificate Insurance Policies.

• Any right conferred to the Certificate Insurer shall be suspended during any period in which the Certificate Insurer is in default in its payment obligations under the Certificate Insurance Policies.

• Notwithstanding references herein or therein with respect to the Certificates as to "principal" and "interest" no debt of any Person is represented thereby, nor are the Certificates or the underlying Notes guaranteed by any Person (except that the Notes may be recourse to the Mortgagors thereof to the extent permitted by law and except for the rights of the Trustee with respect to the Certificate Insurance Policies).

• The Master Servicer shall indemnify the Certificate Insurer for any claims under the Certificate Insurance Policies for the exercise of such option.

• Anything herein to the contrary notwithstanding, any payment with respect to principal of or interest on any of the Class A Certificates which is made with moneys received pursuant to the terms of the Certificate Insurance Policies shall not be considered payment of such Certificates from the Trust and shall not result in the payment of or the provision for the payment of the principal of or interest on such Certificates within the meaning of Section 7.03.

More Definitions of Certificate Insurance Policies

Certificate Insurance Policies. The Fixed Rate Certificate Insurance Policy and the Variable Rate Certificate Insurance Policy.

Certificate Insurance Policies. The Group 1 Certificate Insurance Policy and the Group 2 Certificate Insurance Policy.

Certificate Insurance Policies. The Certificate Guaranty Insurance Policy, No. 27591, dated the Closing Date, issued by the Certificate Insurer for the benefit of the Group I Certificates and the Certificate Guaranty Insurance Policy, No. 27592 dated the Closing Date, issued by the Certificate Insurer for the benefit of the Group II Certificates (each a "Certificate Insurance Policy.")

Certificate Insurance Policies. The Certificate Guaranty Insurance Policies (numbers: 30041 and 30042) each dated August 26, 1999 with respect to the Class A Certificates and all endorsements thereto, issued by the Certificate Insurer for the benefit of the Owners of the Class A Certificates.

Certificate Insurance Policies. The Certificate Guaranty Insurance Policies (numbers: 29727 and 29728), each dated July 21, 1999, with respect to the related Class A and Class A-IO Certificates and all endorsements thereto, issued by the Certificate Insurer for the benefit of the Owners of the related Class A and Class A-IO Certificates.

Certificate Insurance Policies. As soon as possible, and in no event later than 11:00 a.m., New York time, on the second Business Day immediately preceding each Distribution Date, the Securities Administrator shall determine the amount of the Available Funds for each Loan Group for such Distribution Date minus the amount of any Premium Amount and any Securities Administration Fee to be paid on such Distribution Date. If for any Distribution Date a Deficiency Amount exists, the Trustee shall complete a notice in the form set forth as Exhibit A to the related Certificate Insurance Policy (the "Notice") and shall submit such Notice to the Fiscal Agent no later than 12:00 noon, New York time, on the second Business Day preceding such Distribution Date. The Notice shall constitute a claim for an Insured Payment pursuant to the related Certificate Insurance Policy for an amount equal to such excess. Upon receipt of the Insured Payment, at or prior to the latest time payments of the Insured Payment are to be made by the Certificate Insurer pursuant to the related Certificate Insurance Policy, on behalf of the Senior Certificateholders, the Trustee shall deposit such Insured Payments in the Distribution Account and shall distribute such Insured Payments only in accordance with Section 5.01(a)A.2 or B.2, as applicable, and 5.01(a)C.3, if applicable.

Certificate Insurance Policies means the Financial Guaranty Insurance Policies issued by the Certificate Insurer insuring the Series 1999A Certificates, the Series 1999B Certificates, the Series 2000 Certificates, the Series 2002 Certificates and the Series 2005B Certificates.