Insured Expenses definition

Insured Expenses. Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.

Insured Expenses. Expenses covered by any insurance policy.

Insured Expenses. Expenses covered by any Insurance Policy with respect to the Mortgage Loans.

Examples of Insured Expenses in a sentence

• Insured Expenses ---------------- Expenses covered by an Insurance Policy.

• Insurance Proceeds ------------------ Proceeds paid by an insurer pursuant to any Insurance Policy, in each case other than any amount included in such Insurance Proceeds in respect of Insured Expenses.

• If the Servicer recovers any Insurance Proceeds or Liquidation Proceeds in respect of any Asset, the Servicer may deduct the amount of any Insured Expenses and unreimbursed Liquidation Expenses incurred by it in respect of such Asset from such gross Insurance Proceeds and Liquidation Proceeds, respectively, prior to deposit of such proceeds into the Certificate Account.

• Proceeds paid by an insurer pursuant to any Insurance Policy, in each case other than any amount included in such Insurance Proceeds in respect of Insured Expenses.

• For purposes of clause (ii) of the preceding sentence, if the Servicer is maintaining a blanket Hazard Insurance Policy pursuant to Section 2.13(b), expenses shall be deemed recoverable as Insured Expenses if they would have been recoverable under an individual Hazard Insurance Policy maintained pursuant to Section 2.13(a).

More Definitions of Insured Expenses

Insured Expenses. Expenses covered by the Primary Insurance Policies, if any, or any other insurance policy or policies applicable to the Mortgage Loans.

Insured Expenses. Expenses incurred by the Servicer in connection with a Contract or Mortgage Loan under which the Obligor is in default, which expenses are covered by a Standard Hazard Insurance Policy and are paid by an insurer under any such policy.

Insured Expenses means expenses covered by any Insurance Policy.

Insured Expenses. Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans. Insured Retail Certificates: Not applicable.

Insured Expenses. Expenses incurred by the Servicer in connection with an Account under which the mortgagor is in default which are covered by any related Hazard Insurance Policy and are paid by the Hazard Insurer under any such policy.

Insured Expenses. Expenses covered by the Pool Insurance Policy, any Primary Insurance Policy, the Mortgagor Bankruptcy Bond or the Special Hazard Insurance Policy, any replacement insurance policy or policies for any of the foregoing insurance policies, or any other insurance policy with respect to the Mortgage Loans.

Insured Expenses. Expenses covered by an Insurance Policy, including the Pool Policy, or any other insurance policy with respect to the Mortgage Loans.