Financial Guaranty Insurance Policy definition

Financial Guaranty Insurance Policy shall have the meaning specified in Section 4.02(d).

Financial Guaranty Insurance Policy means an insurance policy providing a full financial guarantee of one or more Series of the Senior Trust Certificates.

Financial Guaranty Insurance Policy. The Financial Guaranty Insurance Policy (No. 51713-N) with respect to the Insured Certificates, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Holders of the Insured Certificates, a copy of which is attached hereto as Exhibit O.

Examples of Financial Guaranty Insurance Policy in a sentence

• The foregoing constitutes the entire agreement between the parties and may be modified only in writing, signed by both parties.

• By discussion and consensus, the committee determined that Theresa Olsen’s behavior did involve Misconduct as defined in Administrative Rule based upon Olsen’s violation of the law and resulting conviction of DUII on January 19, 2017.

• The Notice of Claim shall constitute a claim therefor pursuant to the Financial Guaranty Insurance Policy.

• If on any Distribution Date the Trustee determines that the Certificate Insurer has paid more under the Financial Guaranty Insurance Policy than is required by the terms thereof, the Trustee shall promptly return the excess amount to the Certificate Insurer.

• Upon payment of all of such accelerated principal and interest accrued to the acceleration date as provided above, Ambac’s obligations under the Financial Guaranty Insurance Policy shall be fully discharged.

More Definitions of Financial Guaranty Insurance Policy

Financial Guaranty Insurance Policy or “Note Guaranty Insurance Policy” means the financial guaranty insurance policy issued by Ambac insuring the payment when due of the principal of and interest on the Notes as and to the extent provided therein.

Financial Guaranty Insurance Policy. A financial guaranty policy issued by Ambac Assurance Corp. ("the Certificate Insurer"). Ambac will unconditionally and irrevocably guarantee the timely payment of interest and ultimate payment of principal on the Senior Certificates (i.e. after any losses reduce the Overcollateralization/Subordination to zero, Ambac will cover the excess, if any, of the current Senior Certificate Balance over the current Aggregate Pool Balance). The Insured Payments do not cover Realized Losses except to the extent that the aggregate principal balance of the Senior Certificates exceeds the Aggregate Pool Balance. Insured Payments do not cover the Master Servicer's failure to make Delinquency Advances except to the extent that a shortfall of interest due on the Senior Certificates would otherwise result therefrom. The Ambac Insurance Policy is not cancelable for any reason. The Ambac Insurance Policy is not covered by the property/casualty insurance security fund specified in Article 76 of the New York Insurance Law.

Financial Guaranty Insurance Policy means the financial guaranty insurance policy issued by Ambac Assurance insuring the payment when due of the principal of and interest on the Insured Notes as provided therein.

Financial Guaranty Insurance Policy. The Financial Guaranty Insurance Policy (No. 50650-N), dated December 19, 1997, including any endorsements thereto, issued by the Financial Guaranty Insurer for the benefit of the Holders of the Adjustable Rate Group Certificates, pursuant to which the Financial Guaranty Insurer guarantees payment of the Insured Amounts. A form of the Financial Guaranty Insurance Policy is attached hereto as Exhibit J.

Financial Guaranty Insurance Policy or "Policy" shall mean this Certificate Guaranty Insurance Policy together with each and every endorsement hereto.

Financial Guaranty Insurance Policy means the financial guaranty insurance policy issued by Ambac Assurance insuring the payment when due of the principal of and interest on the Bonds as provided therein.

Financial Guaranty Insurance Policy or “Policy” shall mean the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.