Class A-4 Policy definition

Class A-4 Policy. The irrevocable Certificate Guaranty Insurance Policy, No. 39731, including any endorsements thereto, issued by MBIA with respect to the Class A-4 Certificates, in the form attached hereto as Exhibit O.
View Source
Class A-4 Policy. The irrevocable Financial Guaranty Insurance ---------------- Policy, No. 50554A-N, including any endorsements thereto, issued by Financial Security with respect to the Class A-4 Certificates, in the form attached hereto as Exhibit O.
View Source

Examples of Class A-4 Policy in a sentence

  • Funds held in the Class A-4 Policy Payments Account shall not be invested by the Trustee.

  • However, any payments made on the Class A-4 Certificates from funds in the Class A-4 Policy Payments Account shall be noted as provided in subsection (e) below.

  • Funds received by the Trustee as a result of any claim under the Class A-4 Policy shall be used solely for payment to the Holders of the Class A-4 Certificates and may not be applied for any other purpose, including, without limitation, satisfaction of any costs, expenses or liabilities of the Trustee, the Master Servicer or the Trust Fund.

  • The Class A-4 Policy Payments Account shall be an Eligible Account.

  • The Trustee shall deposit any amount paid under the Class A-4 Policy into the Class A-4 Policy Payments Account and distribute such amount only for the purposes of making the payments to Holders of the Class A-4 Certificates in respect of the Required Distribution for which the related claim was made under the Class A-4 Policy.

  • The Class A4 Policy Payments Account shall be an Eligible Account.

  • In addition, on or prior to the Closing Date, the Depositor shall cause MBIA to deliver the Class A-4 Policy to the Trustee.

  • In addition, the Trustee shall mail notice to all Holders of the Class A-4 Certificates so affected that, in the event that any such Holder's scheduled payment is so recovered, such Holder will be entitled to payment pursuant to the terms of the Class A-4 Policy a copy of which shall be made available to such Holders by the Trustee.

  • Funds held in the Class A4 Policy Payments Account shall not be invested by the Trustee.

  • However, any payments made on the Class A4 Certificates from funds in the Class A4 Policy Payments Account shall be noted as provided in subsection (e) below.

Related to Class A-4 Policy

  • Class A-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

  • Class A-4 Notes means the Class A-4 1.87% Asset Backed Notes, substantially in the form of Exhibit A to the Indenture.

  • Initial Class A-3 Note Balance means $380,000,000.