Certificate Insurance Policy Payments Account definition

Certificate Insurance Policy Payments Account. As defined in Section 4.07(c).
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Certificate Insurance Policy Payments Account. As defined in Section 4.03(c).
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Certificate Insurance Policy Payments Account. The separate Eligible --------------------------------------------- Account created and maintained by the Trustee pursuant to Section 5.06(c) in the name of the Trustee for the benefit of the Insured Certificateholders and designated "First Bank National Association, Certificate Insurance Policy Payments Account in trust for registered holders of Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 1996-5, Class A1, Class A2, Class R1 and Class R2". Funds in the Certificate Insurance Policy Payments Account shall be held in trust for the Insured Certificateholders for the uses and purposes set forth in this Agreement.
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Examples of Certificate Insurance Policy Payments Account in a sentence

  • Section 11.04 Claims Upon the Certificate Insurance Policy; Certificate Insurance Policy Payments Account..........................

  • Payments due hereunder in respect of Guaranteed Distributions will be disbursed by wire transfer of immediately available funds to the Certificate Insurance Policy Payments Account established pursuant to the Trust Agreement or, if no such Certificate Insurance Policy Payments Account has been established, to the Trustee.


More Definitions of Certificate Insurance Policy Payments Account

Certificate Insurance Policy Payments Account. As defined in Section 4.03(c). Certificate Insurer: Ambac, as issuer of the Certificate Insurance Policy.
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Certificate Insurance Policy Payments Account. The account established pursuant to Section 11.04 hereof.
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Certificate Insurance Policy Payments Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 5.10(c) in the name of the Trustee for the benefit of the Insured Certificateholders and designated "The First National Bank of Chicago Insurance Policy Payments Account in trust for registered holders of Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 1999-BC1 and Class A2". Funds in the Certificate Insurance Policy Payments Account shall be held in trust for the benefit of the Insured Certificateholders for the uses and purposes set forth in this Agreement.
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Certificate Insurance Policy Payments Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.06(c) in the name of the Trustee for the benefit of the Class A Certificateholders and designated "The Bank of New York in trust for registered holders of CWHEQ, Inc., Home Equity Loan Asset Backed Certificates, Series 2006-S2, Class A Certificates". Funds in the Certificate Insurance Policy Payments Account shall be held in trust for the Class A Certificateholders for the uses and purposes set forth in this Agreement.
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Related to Certificate Insurance Policy Payments Account

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Certificate Insurer As defined in the Series Supplement.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Insurance Amount has the meaning set forth in Section 6.11(c).

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments Inc., Bear Stearns ARM Trust, Mortgage Pass- Thrxxxx Xxrtificates, Series 2003-1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Note Account As defined in the Indenture.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.