Insurance Account definition

Insurance Account shall have the meaning set forth in Section 8.6 hereof.
View Source
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.
View Source
Insurance Account has the meaning specified in Section 9.1(b) of the Sale and Servicing Agreement.
View Source

Examples of Insurance Account in a sentence

  • If at any time during which Borrower is required to make payments of Tax and Insurance Reserve Funds pursuant to this Section 8.6, the amount on deposit in the Tax Account and/or the Insurance Account shall exceed the amounts due for Taxes and Insurance Premiums pursuant to Sections 4.5 and 7.1 hereof, Lender shall, in its discretion, disburse any excess to the Restricted Account or credit such excess against future payments to be made to the Tax and Insurance Funds.

  • Any Tax and Insurance Funds remaining on deposit in the Tax Account and/or Insurance Account after the Debt has been paid in full shall be paid to Borrower.

  • Upon the cure of a Trigger Period and provided that no other Trigger Period shall not then exist, amounts in the Tax Account and the Insurance Account shall be released to Borrower on the next Monthly Payment Date.

  • Provided there are sufficient amounts in the Tax Account and Insurance Account, respectively, and no Event of Default exists, Lender shall be obligated to pay the Taxes and Insurance Premiums as they become due on their respective due dates on behalf of Borrower by applying the Tax and Insurance Funds to the payment of such Taxes and Insurance Premiums.

  • Additionally, if, at any time, Lender reasonably determines that amounts on deposit in or scheduled to be deposited in (i) the Tax Account will be insufficient to pay all applicable Taxes (other than Tenant Paid Taxes) in full on the Tax Payment Date and/or (ii) the Insurance Account will be insufficient to pay all applicable Insurance Premiums in full on the Insurance Payment Date, Borrower shall make a True Up Payment with respect to such insufficiency into the applicable Reserve Account.


More Definitions of Insurance Account

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.
View Source
Insurance Account. The insurance account established and maintained by the Trustee in accordance with Section 6.03 hereof.
View Source
Insurance Account shall have the meaning set forth in the Mortgage Loan Agreement.
View Source
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.
View Source
Insurance Account. The account established pursuant to Section 12.02(b) hereof.
View Source
Insurance Account. The account created and maintained pursuant to Section 11.02(b) of the Indenture. The Insurance Account shall be an Eligible Account.
View Source
Insurance Account. Account no. 57 53 171, banking code 700 202 70 with the Agent in the name of the Borrower to be maintained for certain payments by insurers.
View Source