Insurance Account definition

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

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.

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

Examples of Insurance Account in a sentence

• All amounts on deposit in the Insurance Account shall remain uninvested.

• Any Insurance Funds remaining in the Insurance Account after the Obligations have been paid in full shall be returned to Borrower.

• Amounts deposited from time to time into the Insurance Account pursuant to this Section 6.4.1 are referred to herein as the “Insurance Funds”.

• Any funds remaining in the Certificate Insurance Account on the first Business Day following a Distribution Date shall be remitted to the Certificate Insurer, pursuant to the instructions of the Certificate Insurer, by the end of such Business Day.

• 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.

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.

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 established pursuant to Section 12.02(b) hereof.

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

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.