Collateral Insurance definition

Collateral Insurance shall have the meaning set forth in Section 4.4(a).

Collateral Insurance means an insurance policy solely or primarily intended to provide security for a loan or to insure collateral for a loan.

Collateral Insurance. The insurance policy maintained by the Servicer, or indemnification obligation of the Servicer in lieu of such insurance policy, pursuant to Section 3.4(e).

Examples of Collateral Insurance in a sentence

• Costs incurred by the Servicer in maintaining such Collateral Insurance shall be paid by the Servicer.

• The Servicer shall cause itself or an Originating Affiliate, and may cause the Trust Collateral Agent (which may be accomplished by the use of a properly registered DBA name in the applicable jurisdiction), to be named as named insured under all policies of Collateral Insurance.

• All policies of Collateral Insurance shall be endorsed with clauses providing for loss payable to the Servicer.

• The Servicer may cause itself or the Indenture Trustee to be named as named insured under all policies of Collateral Insurance.

• The Servicer may maintain a vendor's single interest or other collateral protection insurance policy with respect to all Financed Vehicles ("Collateral Insurance") which policy shall by its terms insure against physical loss and damage in the event any Obligor fails to maintain physical loss and damage insurance with respect to the related Financed Vehicle.

More Definitions of Collateral Insurance

Collateral Insurance shall have the meaning specified in Section 4.4(b).

Collateral Insurance. The meaning set forth in Section 3.4(a).

Collateral Insurance means a vendor's single interest or other collateral -------------------- protection insurance policy with respect to Financed Vehicles, which policy by its terms insures against physical damage in the event any Obligor fails to maintain physical damage insurance with respect to the related Financed Vehicle.

Collateral Insurance means a vendor's single interest or other collateral protection insurance policy with respect to Financed Vehicles, which policy by its terms insures against physical damage in the event any Obligor fails to maintain physical damage insurance with respect to the related Financed Vehicle.

Collateral Insurance shall have the meaning set forth in Section -------------------- 2.4

Collateral Insurance has the meaning set forth in Section 4.4(a) of the Sale and Servicing Agreement.

Collateral Insurance. As defined in Section 9.5(a).