Credit Insurance Provider definition

Credit Insurance Provider. [_________________], or any successor thereto or the named insurer in any replacement policy obtained by the Servicer pursuant to Section 3.23 hereof.
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Credit Insurance Provider means each insurance company that provides a Credit Insurance Policy to the SPV.
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Credit Insurance Provider. Old Republic Insurance Company, or any successor thereto or the named insurer in any replacement policy obtained by the Servicer pursuant to Section 3.22 hereof.
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Examples of Credit Insurance Provider in a sentence

  • The Trustee shall pay on each Distribution Date in accordance with Section 4.02(a) the Credit Insurance Provider Fee from amounts on deposit in the Certificate Account.

  • In the event that the claims-paying ability rating of the Credit Insurance Provider is reduced to below investment grade by all of the Rating Agencies, upon receipt by the Trustee of written notice of such downgrade of the Certificates and written instruction from the Depositor, the Credit Insurance Policy shall be canceled by the Trustee and the Credit Insurance Provider will not be entitled to receive any additional premium payments after the related cancellation.

  • The calculation of the Trustee Fee, the Servicing Fee, the Credit Risk Manager Fee, the Credit Insurance Provider Fee and interest on the Class A-3, Class M-1, Class M-2, Class M-3, Class M-4, Class M-6, Class M-7, Class M-8, Class M-9F, Class B-1, Class B-2, Class P, Class A-R, Class A-RL, Class X-1 and Class X-S Certificates and on the related Uncertificated Interests shall be made on the basis of a 360-day year consisting of twelve 30-day months.

  • In addition, on or prior to the Closing Date, the Depositor shall cause the Credit Insurance Provider to deliver the Credit Insurance Policy to the Trustee.

  • In the event that Credit Insurance Policy is canceled or terminated for any reason, or the claims-paying ability rating of the Credit Insurance Provider is reduced below investment grade by both of the Rating Agencies, [________] shall use its commercially reasonable efforts to obtain a replacement Credit Insurance Policy from a Qualified Insurer that is acceptable to each Rating Agency.

  • The Memorandum of Grant of Security Interest in Copyrights by and among the Company, the Restricted Subsidiaries and the Agent, in substantially the form of Exhibit M hereto to be entered into to the extent required by section 6.2. Credit Insurance Provider.

  • In the event that Credit Insurance Policy is canceled or terminated for any reason, or the claims-paying ability rating of the Credit Insurance Provider is reduced below investment grade by both of the Rating Agencies, the Servicer shall use its commercially reasonable efforts to obtain a replacement Credit Insurance Policy from a Qualified Insurer that is acceptable to each Rating Agency.

  • The Servicer shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the Credit Insurance Provider as set forth in the Credit Insurance Policy.

  • IndyMac shall comply will all applicable terms of the Credit Insurance Policy and the claims-filing procedures of the Credit Insurance Provider, to the extent necessary to avoid any adjustments to claims paid under the Credit Insurance Policy.

  • In the event that the claims-paying ability rating of the Credit Insurance Provider is reduced to below investment grade by both of the Rating Agencies, upon receipt by the Trustee of written notice of such downgrade of the Certificates and written instruction from the Depositor, the Credit Insurance Policy shall be canceled by the Trustee and the Credit Insurance Provider will not be entitled to receive any additional premium payments after the related cancellation.


More Definitions of Credit Insurance Provider

Credit Insurance Provider. National Union Fire Insurance Co of Pittsburgh, PA, or such other insurance provider as is approved by the Buyer in its sole discretion.
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Related to Credit Insurance Provider

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • Credit unemployment insurance means insurance:

  • Reimbursement insurance policy means a policy of insurance

  • credit institutions means credit institutions as defined under Directive 2006/48/EC;

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

  • Policy Provider means MBIA Insurance Corporation, or any successor thereto.

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Primary care provider (PCP) means, for the purpose of this plan, professional providers that are family practitioners, internists, and pediatricians. For the purpose of this plan, gynecologists, obstetricians, nurse practitioners, and physician assistants may be credentialed as PCPs. To find a PCP or check that your provider is a PCP, please use the “Find a Doctor” tool on our website or call Customer Service.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Medical examiner means that term as defined in 49 CFR 390.5.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Insurance premium finance company means a person engaged in the business of

  • Blanket insurance policy means a group policy covering a defined class of

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Insurance group means the persons that comprise an insurance holding company system.

  • Financial Services Provider means any Lender and any other provider of financial services or products;