Insurance Payments definition
Examples of Insurance Payments in a sentence
However, the amount of any payment of principal or of interest on the Certificates to be paid from funds transferred from the Certificate Insurance Payments Account shall be noted as provided in paragraph (d) below.
Funds held in the Certificate Insurance Payments Account shall not be invested.
Any funds remaining in the Certificate Insurance Payments Account on the first Policy Business Day following a Distribution Date shall be returned to the Certificate Insurer pursuant to the written instructions of the Certificate Insurer by the end of such Policy Business Day.
However, any payments made on the Class A Certificates from funds in the Class A Insurance Payments Account shall be noted as provided in subsection (e) below.
Funds held in the Class A Insurance Payments Account shall not be invested by the Trustee.