Insurance Account definition

Insurance Account shall have the meaning set forth in Section 8.6 hereof.

Insurance Account shall have the meaning set forth in Section 6.4.1.

Insurance Account. The account or accounts created and maintained pursuant to Section 4.09, which shall be entitled "JPMorgan Chase Bank, as trustee, in trust for the registered holders of Residential Asset Securities Corporation, Home Equity Mortgage Asset-Backed Pass-Through Certificates, Series 2002-KS3," and which must be an Eligible Account.

Examples of Insurance Account in a sentence

• All insurance proceeds paid under any Physical Damage Policy in respect of a single event (or a series of related events) in an amount in excess of £[minimum level] indexed shall be paid into the Joint Insurance Account.

• The Contractor shall set up and at all times maintain an account in the joint names of the Authority and the Contractor (the Joint Insurance Account).

• The Authority shall require bidders to bid on the basis that they will receive the benefit of any outstanding claims under material damage insurance policies and amounts (if any) standing to the credit of the Joint Insurance Account on the date that the New Contract is entered into.

• Each of the Loss Proceeds Account and the Joint Insurance Account shall be held and administered by the Security Trustee in accordance with this Agreement.

• The clients right to reject an Insurance Account will be restricted to Insurance proposed Labor Rates being too low or discounts on repairs being too high which prevent any repairs being profitable for the client.

More Definitions of Insurance Account

Insurance Account has the meaning specified in Section 9.1(b) of the Sale and Servicing Agreement.

Insurance Account. The account or accounts created and maintained pursuant to Section 4.09, which shall be entitled "Bank One, National Association, as trustee, in trust for the registered holders of Residential Asset Mortgage Products, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RS4," and which must be an Eligible Account.

Insurance Account. The insurance account established and maintained by the Trustee in accordance with Section 6.03 hereof.

Insurance Account shall have the meaning set forth in the Mortgage Loan Agreement.

Insurance Account. The account or accounts created and maintained pursuant to Section 4.06, which shall be entitled “Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of IndyMac Residential Mortgage-Backed Trust Certificates, Series 2006-L3.” The Insurance Account must be an Eligible Account.

Insurance Account. The account established pursuant to Section 12.02(b) hereof.

Insurance Account. The account created and maintained pursuant to Section 11.02(b) of the Indenture. The Insurance Account shall be an Eligible Account.