Insured Payment definition

Insured Payment means (a) as of any Distribution Date, any Deficiency Amount and (b) any Preference Amount.

Insured Payment. Shall have the meaning set forth in the Note Insurance Policy.

Insured Payment. The sum of (i) as of any Distribution Date, any Deficiency Amount and (ii) any Preference Amount.

Examples of Insured Payment in a sentence

• It shall not be necessary for such payments to be made by checks or wire transfers separate from the checks or wire transfers used to pay the Insured Payment with other funds available to make such payment.

• Upon receipt of an Insured Payment from the Insurer, the Indenture Trustee shall deposit such Insured Payment in the Insurance Account.

• The Trustee shall deposit any amount paid under the Certificate Policy in the Certificate Insurance Account and distribute such amount only for purposes of payment to Holders of Insured Certificates of the Insured Payment for which a claim was made.

• The Insurer's obligations hereunder with respect to a particular Insured Payment shall be discharged to the extent funds equal to the applicable Insured Payment are received by the Trustee, whether or not such funds are properly applied by the Trustee.

• The Notice shall specify the amount of the Insured Payment and shall constitute a claim for an Insured Payment pursuant to the Certificate Insurance Policy.

More Definitions of Insured Payment

Insured Payment means (i) as of any Payment Date, any Deficiency Amount and (ii) any Preference Amount.

Insured Payment. With respect to the Insured Certificates, (i) as of any Distribution Date, any Deficiency Amount and (ii) any Preference Amount.

Insured Payment. Not applicable.

Insured Payment. As defined in the Certificate Insurance Policy.

Insured Payment. With respect to any Distribution Date, (i) any Deficiency Amount and (ii) any Avoided Payment.

Insured Payment. A Group I Insured Payment or a Group II Insured Payment.

Insured Payment means, with respect to any Payment Date, the aggregate amount actually paid by the Insurer to the Indenture Trustee in respect of Insured Amounts for such Payment Date.