Examples of Financial Guaranty Agreement in a sentence
At such time as the Notes are no longer outstanding hereunder, and no amounts owed to the Note Insurer hereunder, under the Insurance Agreement and under the Financial Guaranty Agreement remain unpaid, the Note Insurer's rights hereunder shall terminate.
The Trustee hereby declares that it will hold the Trust Property in trust upon and subject to the conditions set forth herein first to secure the payment of the Notes and payments due and owing to the Note Insurer under this Agreement, the Insurance Agreement and the Financial Guaranty Agreement and thereafter for the use and benefit of the Subordinated Certificateholders.
To exercise such option the Administrator shall deposit into the Collection Account an amount equal to the sum of (i) the Principal Amount of the Notes, plus any unpaid interest thereon through the date of redemption, and (ii) any unreimbursed Surety Bond Payments and Insured Payments, any amounts due and owing to the Note Insurer under the Insurance Agreement and the Financial Guaranty Agreement and all other accrued and unpaid expenses of the Trust.
By: ---------------------------- Name: Title: ANNEX 2 FORM OF FINAL PROSPECTUS ANNEX 3 FORM OF PRELIMINARY APPLICATION [Date(1)] MBIA Insurance Corporation 000 Xxxx Xxxxxx Xxxxxx, Xxx Xxxx 00000 Attention: Reference is made to the Financial Guaranty Agreement, dated as of August 6, 1999, as amended (the "Financial Guaranty Agreement"; terms defined therein being used herein as therein defined), among MBIA Insurance Corporation (the "Insurer"), Aeltus Investment Management, Inc.
If MBIA Insurance Corporation consents to the issuance of any additional Notes, MBIA Insurance Corporation is required under the terms of the Financial Guaranty Agreement to provide a replacement Debt Service Reserve Policy which permits the Debt Service Reserve Policy to be drawn upon to pay such additional Notes.