Credit Insurance Policy definition

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.

Credit Insurance Policy means a foreign accounts receivable credit insurance policy as of any date issued by an insurer reasonably acceptable to the Administrative Agent and the U.S. Administrative Agent, containing terms and provisions (including, without limitation, coverage amounts, limits, deductibles and exclusions from coverage) reasonably acceptable to the Administrative Agent and the U.S. Administrative Agent.

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

Examples of Credit Insurance Policy in a sentence

• 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.

• The Master Servicer shall take whatever action is appropriate to maximize the amounts payable under the Credit Insurance Policy and to service the Covered Loans in the manner required by the Credit Insurance Policy.

• Any such replacement policy will provide for an amount of coverage equal to the then remaining coverage amount of the Credit Insurance Policy, provided, however, that if the premium cost of the replacement policy exceeds the premium cost of the Credit Insurance Policy, the coverage amount of the replacement policy shall be reduced so that the premium cost therefore will not exceed 100% of the premium cost of the Credit Insurance Policy.

• The Credit Insurance Policy will not be amended in any manner that materially and adversely affects the coverage provided thereby without the prior written consent of the Certificate Insurer.

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 any credit insurance policy subscribed to by a Seller with a Credit Insurer in order to cover the insolvency risk of any Debtor.

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. 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) the credit insurance policy, dated as of August 1, 2008, issued by Atradius N.V., covering 95% of the political risk and 90% of the commercial risk of the applicable Eligible Offtakers, and any renewal thereof in favor of the Borrower having substantially the same terms and provisions including, in respect of a Person that is obligated with respect to a Designated Receivable and to the extent that such Person is not otherwise an Eligible Offtaker, a notice providing for the payment of claims related to such Designated Receivable directly to the Export Collateral Account or (b) any Substitute Insurance Policy.

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.