Insured Interest definition
Examples of Insured Interest in a sentence
Minimum Sum Insured A sum equivalent to the Insured Interest for the duration of the Minimum Indemnity Period.
On each Accounting Date, the Master Issuer and SRI Real Estate Holdco shall determine the excess, if any (the “Senior Notes Insured Interest Shortfall Amount”), of (i) Senior Notes Aggregate Monthly Insured Interest for the Interest Period for each Class of Senior Notes ending most recently prior to the next succeeding Payment Date over (ii) the amount that will be available to make payments on the Senior Notes in accordance with Section 5.11(a) on such Payment Date.
Under the Collateral Assignment Agreement, which is expressly incorporated herein, you assign to the Company an amount of the cash value of the Split Dollar Policy equal to the amount of the Company contribution to payment of the premiums of the Split Dollar Policy (the "Company Interest") and you retain all ownership of the remaining cash value of the Split Dollar Policy (the "Insured Interest").
Selling Price Limit of Liability As set out in the Schedule Insured Interest: All new manufactured goods packed in export packing, shipping in full or part container loads and/or appropriate packing.
The Trustee shall distribute on each Distribution Date any Insured Interest Payment and any Insured Principal Payment for such Distribution Date from the Distribution Account on a PRO RATA basis among the Holders of the Class A Certificates based on their respective Percentage Interests in such Class, in each case as provided in Section 4.01(g), subject to Section 4.01(h) in the case of any Insured Amount payable to the Holders of the Class A Certificates on the final Distribution Date for such Class.
An additional amount of interest (“Additional Senior Notes Insured Interest Shortfall Interest”) shall accrue on the Senior Notes Insured Interest Shortfall Amount for each subsequent Interest Period at the applicable Note Rate until the Senior Notes Insured Interest Shortfall Amount is paid in full.
On each Accounting Date, the Master Issuer shall determine the excess, if any (the “Senior Notes Insured Interest Shortfall Amount”), of (i) Senior Notes Aggregate Quarterly Insured Interest for the Interest Period for each Class of Senior Notes ending most recently prior to the next succeeding Quarterly Payment Date over (ii) the amount that will be available to make payments on the Senior Notes in accordance with Section 5.10(a) on such Quarterly Payment Date.
Class A-1F Insured Interest Remittance Amount...................................
The Trustee shall distribute on each Distribution Date any Insured Interest Payment and any Insured Principal Payment for such Distribution Date from the Certificate Account, in each case on a pro rata basis, as provided in Section 4.01, subject to Section 4.01(h) in the case of any Insured Principal Payment payable to the Holders of the Class A-1 Certificates and/or the Class A-2 Certificates on the final Distribution Date for such Class.
On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2007-1 Class A-1 Quarterly Insured Interest and the Series 2007-1 Class A-2 Quarterly Insured Interest deemed to be “Senior Notes Quarterly Insured Interest” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments.