Credit Insurance Policy definition

Credit Insurance Policy means a credit insurance policy naming the Seller as insured and the Administrator as an additional insured, which policy insures the payment of Pool Receivables owing by one or more Obligors.

Credit Insurance Policy means a foreign accounts receivable credit insurance policy payable to the Administrative Agent, for the benefit of the Secured Parties, and issued by an insurer reasonably acceptable to the Administrative Agent and containing terms and provisions (including, without limitation, coverage amounts, limits, deductibles and exclusions from coverage) acceptable to the Administrative Agent in its sole discretion.

Credit Insurance Policy means a credit insurance policy naming the Borrower as insured and the Administrative Agent as an additional insured, which policy insures the payment of Pool Receivables owing by one or more Obligors.

Examples of Credit Insurance Policy in a sentence

• By this contract (the "Contract") the Company cedes to the Reinsurer and the Reinsurer hereby accepts, assumes liability for, and reinsures the Company's 100% share in the interests and liabilities arising out of directly or indirectly, in whole or in part or in connection with the Aggregate Excess of Loss Credit Insurance Policy (policy number ), effective January 1, 2020 (hereinafter referred to as the "Policy") issued to Federal National Mortgage Association (hereinafter referred to as the "Insured").

• By this contract (the "Contract") the Company cedes to the Reinsurer and the Reinsurer hereby accepts, assumes liability for, and reinsures the Company's 100% share in the interests and liabilities arising out of directly or indirectly, in whole or in part or in connection with the Aggregate Excess of Loss Credit Insurance Policy (policy number ), effective February 1, 2020 (hereinafter referred to as the "Policy") issued to Federal National Mortgage Association (hereinafter referred to as the "Insured").

• By this contract (the "Contract") the Company cedes to the Reinsurer and the Reinsurer hereby accepts, assumes liability for, and reinsures the Company's 100% share in the interests and liabilities arising out of directly or indirectly, in whole or in part or in connection with the Aggregate Excess of Loss Credit Insurance Policy (policy number ), effective May 1, 2019 (hereinafter referred to as the "Policy") issued to Federal National Mortgage Association (hereinafter referred to as the "Insured").

• In addition, the Master Servicer shall administer the Credit Insurance Policy on behalf of itself, the Sellers, the Depositor, and the Trustee for the benefit of the Certificateholders and the Certificate Insurer, when it is necessary to make claims and receive payments under the Credit Insurance Policy.

• The Master Servicer shall prepare and submit all claims eligible for submission under the Credit Insurance Policy and shall, except as otherwise specified in this Agreement, perform all of the obligations of the insured under the Credit Insurance Policy.

More Definitions of Credit Insurance Policy

Credit Insurance Policy. The Credit Insurance Policy issued by the Credit Insurer with respect to certain Mortgage Loans identified in the Mortgage Loan Schedule.

Credit Insurance Policy means the credit insurance policy of the Credit Insurer subscribed by each French Seller with the Credit Insurer in relation to the Transferred Receivables.

Credit Insurance Policy means the credit insurance policy of the Credit Insurer subscribed by the Company with the Credit Insurer in relation to the Transferred Receivables.

Credit Insurance Policy. (Polizze Credito) means any insurance policy issued in respect of certain Claims, covering the risk of default of the relevant Borrower to its obligations under the Loan Agreements.

Credit Insurance Policy means an export credit insurance policy in favor of the Borrower covering risk of default and insolvency of export customers.

Credit Insurance Policy. The credit insurance policy provided by the Credit Insurance Provider with respect to the [________] Covered Loans having an initial amount of coverage equal to $[__________], and including any and all related endorsements, copies of which are attached hereto as Exhibit BB-1, or any replacement obtained by [________] pursuant to Section 3.23 hereof.

Credit Insurance Policy means a credit insurance policy naming the Administrative Agent, any Purchasers and/or the SPV as insured, which policy insures the payment of certain Receivables owing by one or more Obligors.