Certificate Insurer Account definition

Certificate Insurer Account. An account of the Certificate Insurer maintained at Citibank, N.A. (ABA No. 021-000089), Account No. 40609486, Attention: Xxxxxx Dottin, or xxxx xxxxx xxcount as may be designated by the Certificate Insurer to the Trustee in writing not less than five Business Days prior to the related Distribution Date.
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Certificate Insurer Account. The account established pursuant to Section 5.07(g) hereof.
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Certificate Insurer Account. An account of the Certificate Insurer maintained at XX Xxxxxx Xxxxx Bank (ABA No. 000000000), Account No. 904951812, Attention: Policy No. 07030010, or such other account as may be designated by the Certificate Insurer to the Trustee in writing not less than five Business Days prior to the related Distribution Date. Certificate Insurer Default: The existence and continuance of any of the following: (a) a failure by the Certificate Insurer to make a payment required under the Certificate Guaranty Insurance Policy in accordance with its terms; or (b)(i) the Certificate Insurer (A) files any petition or commences any case or proceeding under any provision or chapter of the Bankruptcy Code or any other similar federal or state law relating to insolvency, bankruptcy, rehabilitation, liquidation or reorganization, (B) makes a general assignment for the benefit of its creditors, or (C) has an order for relief entered against it under the Bankruptcy Code or any other similar federal or state law relating to insolvency, bankruptcy, rehabilitation, liquidation or reorganization which is final and nonappealable; or (ii) a court of competent jurisdiction, the New York insurance department or other competent regulatory authority enters a final and nonappealable order, judgment or decree (A) appointing a custodian, trustee, agent or receiver for the Certificate Insurer or for all or any material portion of its property or (B) authorizing the taking of possession by a custodian, trustee, agent or receiver of the Certificate Insurer (or the taking of possession of all or any material portion of the property of the Certificate Insurer).
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Examples of Certificate Insurer Account in a sentence

  • Any funds (other than funds deposited therein in respect of a Preference Amount (as defined in the Certificate Insurance Policy) payable under the Certificate Insurance Policy) remaining in the Certificate Insurer Account on the first Business Day after each Distribution Date shall be remitted promptly to the Certificate Insurer pursuant to the written instruction of the Certificate Insurer.

  • Funds held in the Certificate Insurer Account shall not be invested by the Securities Administrator.

  • Funds held in the Certificate Insurer Account shall not be invested by the Trustee.

  • The Securities Administrator, on behalf of the Trustee, shall deposit any amount paid under the Certificate Insurance Policy into the Certificate Insurer Account and distribute such amount only for the purposes of making the payments to Holders of the Class AF-2, Class AF-4 and Class AF-5 Certificates in respect of the Guaranteed Distributions for which the related claim was made under the Certificate Insurance Policy.

  • However, any payments made on the Class A-4 and Class A-5 Certificates from funds in the Certificate Insurer Account shall be noted as provided in subsection (h) below.

  • The Securities Administrator, on behalf of the Trustee, shall deposit any amount paid under the Certificate Insurance Policy into the Certificate Insurer Account and distribute such amount only for the purposes of making the payments to Holders of the Class A Certificates in respect of the Guaranteed Distributions for which the related claim was made under the Certificate Insurance Policy.

  • However, any payments made on the Class AF-2 Certificates from funds in the Certificate Insurer Account shall be noted as provided in subsection (h) below.

  • However, any payments made on the Class A Certificates from funds in the Certificate Insurer Account shall be noted as provided in subsection (h) below.

  • The Trustee shall deposit any amount paid under the Class A-1B Certificate Insurance Policy into the Certificate Insurer Account and distribute such amount only for the purposes of making the payments to Holders of the Class A-1B Certificates in respect of the Regular Payment for which the related claim was made under the Class A-1B Certificate Insurance Policy.

  • The Trustee shall transfer such amounts from the Certificate Insurer Account to the Certificate Account prior to distribution to the Holders of the Class A-1B Certificates.


More Definitions of Certificate Insurer Account

Certificate Insurer Account. The account established pursuant to Section 4.08(f) hereof. Certificate Insurer Contact Persons: Collectively, the officers designated by each Servicer to provide information to the Certificate Insurer pursuant to Section 4.08(l).
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Certificate Insurer Account. An account of the Certificate Insurer maintained at JP Morgan Chase Bank (ABA No. 021000021), Account No. 904951812, Attention: IndyMac, Series 2005-L1, or such other account as may be designated by the Certificate Insurer to the Trustee in writing not lexx xxxx xive Business Days prixx xx xxx related Distribution Date. Any wire transfers to the Certificate Insurer Account shall reference the Policy No. of the Policy.
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Certificate Insurer Account. An account of the Certificate Insurer maintained at JPMorgan Chase Bank (ABA No. 040300272), Account No. 90495181, Attention: Deuxxxxx Xxnk Mortgage Securities, Inc., Series 2004-5, or such other account as may be designated by the Certificate Insurer to the Securities Administrator in writing not less than five Business Days prior to the related Distribution Date. Any wire transfers to the Certificate Insurer Account shall reference the Policy No. of the Policy.
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Certificate Insurer Account. An account of the Certificate Insurer maintained at JPMorgan Chase Bank (ABA No. 021000021), Account No. 904951810, Xxxxxxion: Policy No. 04030022 and Policy No. 04030023, or such other account as may be designated by the Certificate Insurer to the Trustee in writing not less than five Business Days prior to the related Distribution Date.
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Certificate Insurer Account. An account of the Certificate Insurer maintained at JPMorgan Chase Bank (ABA No. 021000021), Account No. 000000012, Attention: New Century, Series 2004-A, or such other account as may be designated by the Certificate Insurer to the Trustee in writing not less than five Business Days prior to the related Distribution Date. Any wire transfers to the Certificate Insurer Account shall reference the Policy No. of the Policy.
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Related to Certificate Insurer Account

  • Certificate Insurer As defined in the Series Supplement.

  • Certificate Insurance Policy The Financial Guaranty Insurance Policy No. CA01172A, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Class AF-3 Certificateholders.

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

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

  • Certificate Insurer Default The existence and continuance of any of the following:

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

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

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Certificate Group Each of the Group 1 Certificates and the Group 2 Certificates.

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

  • Certificate Administrator Fee With respect to each Mortgage Loan and the beneficial interest of the Trust Fund in each REO Mortgage Loan, the fee designated as such and payable to the Certificate Administrator pursuant to Section 8.05(a). The Certificate Administrator Fee includes the Tax Administrator Fee and the Trustee Fee, each of which shall be paid by the Certificate Administrator as provided herein.

  • Certificate Principal means principal payable in respect of the Investor Certificates of any Series pursuant to Article IV of this Agreement.

  • Certificate Index With respect to each Distribution Date and the LIBOR Certificates, the rate for one month United States dollar deposits quoted on Telerate Page 3750 as of 11:00 A.M., London time, on the related Interest Determination Date relating to each Class of LIBOR Certificates. If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be reasonably selected by the Trust Administrator after consultation with DLJMC), the rate will be the Reference Bank Rate. If no such quotations can be obtained and no Reference Bank Rate is available, the Certificate Index will be the Certificate Index applicable to the preceding Distribution Date. On the Interest Determination Date immediately preceding each Distribution Date, the Trust Administrator shall determine the Certificate Index for the Accrual Period commencing on such Distribution Date and inform the Master Servicer and each Servicer of such rate.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Certificate form means the form on which the certificate is delivered or issued for delivery by the issuer.

  • Certificate Distribution Amount means, as of any Payment Date, the amount being distributed to the Trust Certificateholders on such Payment Date.

  • Certificate Percentage means (i) for each Payment Date until the Notes have been paid in full, 0%; and (ii) thereafter, 100%.

  • Trustee/Certificate Administrator Fee With respect to each Mortgage Loan and for any Distribution Date, an amount accrued during the related Interest Accrual Period at the Trustee/Certificate Administrator Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the Trustee/Certificate Administrator Fee shall be payable from the Lower-Tier REMIC.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Certificate No 6-A-1-[_] Cut-off Date: October 1, 2004 First Distribution Date: November 25, 2004 Last Scheduled Distribution Date: October 25, 2034 Pass-Through Rate: 5.50% Initial Certificate Principal Balance of this Certificate $[ ] ("Denomination"): Initial Certificate Principal Balances of all Certificates of this Class: $15,000,000 CUSIP: 576434 XA 7 ISIN: US576434XA71 MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. MASTR ALTERNATIVE LOAN TRUST 2004-11 Mortgage Pass-Through Certificates, Series 2004-11 Class 6-A-1 evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class with respect to a Trust Fund consisting primarily of conventional mortgage loans (the "Mortgage Loans") secured by first liens on one- to four-family residential properties Mortgage Asset Securitization Transactions, Inc., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance at any time may be less than the Certificate Principal Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, the Trust Administrator, the Trustee or the Custodians referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that [_______] is the registered owner of the Percentage Interest evidenced by this Certificate in certain monthly distributions with respect to a Trust Fund consisting primarily of the Mortgage Loans deposited by Mortgage Asset Securitization Transactions, Inc. (the "Depositor"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among the Depositor, UBS Real Estate Securities Inc., as transferor (the "Transferor"), Wells Fargo Bank, National Association, as master servicer (in such capxxxxx, the "Servicer"), trust administrator (in such capacity, the "Trust Administrator") and a custodian, U.S. Bank National Association, as a custodian and as trustee (the "Trustee"). Distributions on this Certificate will be made primarily from collections on the applicable Mortgage Loans pursuant to the terms of the Agreement. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trust Administrator.

  • Certificate Principal Balance With respect to each Certificate (other than any Interest Only Certificate), on any date of determination, an amount equal to: