GSE Beneficiary definition

GSE Beneficiary means a Beneficiary that is a GSE.
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GSE Beneficiary means a GSE who owns or guarantees a Loan. A GSE Beneficiary has the right to receive Insurance Benefits under the Master Policy and such other rights as are specifically set forth in this Master Policy. A GSE Beneficiary shall have no liability to the Company for any action or omission of the Servicer or the Insured and shall have no right to challenge the Company’s exercise of any remedies under the Master Policy that may arise as a result of the Servicer’s or Insured’s acts or omissions.
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Examples of GSE Beneficiary in a sentence

  • A decision made by an arbitrator will not apply to any GSE Beneficiary who had not consented in writing to the arbitration.

  • If we cancel coverage on a Certificate pursuant to a Company Cancellation Notice or deny a Claim pursuant to a Claim Denial Notice, we will refund to the Servicer, unless otherwise directed by the GSE Beneficiary, all Premium received for the time period after the occurrence of the event giving rise to the right of cancellation or denial, if any, and otherwise in accordance with our Premium refund schedule or policies applicable to the Certificate.

  • We, the Initial Insured and the Servicer, in its capacity as authorized representative of the GSE Beneficiary, will waive any objection to providing such information directly to the GSE Beneficiary.

  • If such a Claim advance is paid to the Insured or Servicer, we will notify such GSE Beneficiary at the time we pay the Claim advance.

  • Subject to the prior approval of any applicable GSE Beneficiary, we may advance to you a partial Insurance Benefit on terms we specify at the time of the advance.

  • Notwithstanding the foregoing deemed approval provision, if there is a related delegation agreement between us and a Servicer or a GSE Beneficiary, our failure to respond to a Workout request within such 10 Business Days shall not be construed to be an approval of any Workout that does not comply with such delegation agreement.

  • The U.S. Government will disseminate research results, consistent with national security, domestic, and foreign policy guidelines, to support the development and commercial adoption of the resulting technologies.

  • The Exclusion under this Section 4.1(e) (Excess Insurance Benefit) does not apply to a GSE Beneficiary.

  • The Insured and GSE Beneficiary shall not, and shall cause their agents not to, either before or after payment of an Insurance Benefit, prejudice such rights.

  • Unless prior Written approval is obtained from the Company, or the Company delegates in Writing some or all of its approval rights under this Section 4.1(b) to the Insured or to a GSE Beneficiary, the Insured shall not approve a change in the use of the Property or other collateral securing the Loan.

Related to GSE Beneficiary

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • land reform beneficiary , in relation to a property, means a person who -

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Beneficiary(ies means the individual or individuals designated in the Application by the Subscriber(s) to whom, or on whose behalf, Educational Assistance Payments are agreed to be paid, provided such individual qualifies under the Applicable Legislation and the Plan at the time such payments are made;

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Eligible beneficiary means a resident of this state who:

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Spouse means, an individual who,

  • Representative payee means an individual, agency, or institution selected by a court or the Social Security Administration to receive and manage benefits on behalf of another person.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Distributee means an Employee or former Employee. In addition, the Employee's or former Employee's surviving spouse and the Employee's spouse or former spouse who is the alternate payee under a Qualified Domestic Relations Order are considered Distributees with regard to the interest of the spouse or former spouse.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • UTI Beneficiary means NILT Trust, in its capacity as the initial beneficiary of the Titling Trust.

  • Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.