Examples of Insured Notes in a sentence

The Insured Notes will have the benefit of the Policy issued by the Credit Enhancer.
In addition, by the Closing Date, the Depositor shall cause the Credit Enhancer to deliver the Policy to the Indenture Trustee for the benefit of the Holders of the Insured Notes.
In addition, by the Closing Date, the Depositor shall cause the Credit Enhancer to deliver the Policy to the Indenture Trustee for the benefit of the Holders of the Insured Notes and shall cause the Loan Insurance Policy Provider to deliver the Loan Insurance Policy to the Co-Trustee.
Any other form of credit enhancement may also be substituted for the Policy after a Credit Enhancer Default if the new rating of the Insured Notes would be an improvement over their then current rating and the Indenture Trustee receives an Opinion of Counsel to the effect that the substitution will not be treated as a significant modification within the meaning of Treas.
No payments under the Policy may be used to pay any costs, expenses, or liabilities of the Master Servicer, the Indenture Trustee, or the Trust (other than payments of principal and interest on the Insured Notes).

More Definitions of Insured Notes

Insured Notes. As defined in Section 1.03.

Insured Notes means the notes described in Item 7 of the Declarations which are insured under this Insurance Policy and are the obligations issued by the Issuer pursuant to the Indenture. The Insured Notes are required to be paid by the Issuer in accordance with the terms of the Indenture and the Issuer's payment obligations under the Insured Notes are guaranteed by the Guarantor pursuant to the Guaranty.

Insured Notes means the Class I-A Notes, the Class II-A Notes and the Class III-A Notes.

Insured Notes means the Class A-1SW Notes.