Insured Payment Date definition

Insured Payment Date means at or before 11:00 a.m., New York City time, on the later of (x) the Payment Date, on which the related Insured Amount is due and (y) the next Business Day following receipt of a Notice of Claim in New York, New York on a Business Day by the Insurer; provided that if such Notice of Claim is received after 11:00 a.m., New York City time, on a Business Day, it will be deemed to be received on the following Business Day.
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Insured Payment Date. With respect to each Class of Class A Notes, will be the date on which the Demand Note matures.
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Insured Payment Date means the nineteenth day of each month, or, if such nineteenth day is not a Business Day, the next following Business Day. In the event that, on any Payment Date, the Noteholders did not receive the full amount of the Scheduled Payment (as defined in the Note Policy) then due to them, such shortfall shall be due and payable and shall be funded on the Insured Payment Date either from the NPF Spread Account or from the proceeds of a drawing under the Note Policy. The Record Date applicable to an Insured Payment Date shall be the Record Date applicable to the related Payment Date.
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Examples of Insured Payment Date in a sentence

  • In addition, on the Final Insured Payment Date or other final Payment Date (including the Payment Date following any purchase by the Master Servicer of the Home Loans pursuant to Section 8.08 of the Servicing Agreement), the amount to be paid pursuant to clause (ii) above shall be equal to the aggregate Note Balance of the Notes immediately prior to such Payment Date.

  • In the event that the Standby Servicer and the Servicer are unable to reconcile discrepancies with respect to a Servicer's Certificate by the related Insured Payment Date, the Servicer shall cause a firm of independent certified public accountants, at the Servicer's expense, to audit the Servicer's Certificate and, prior to the fifth calendar day of the following month, reconcile the discrepancies.

  • The Standby Servicer shall use such computer diskette (or other electronic transmission) solely to verify certain information specified in Section 4.15(c) contained in the Servicer's Certificate delivered by the Servicer, and the Standby Servicer shall notify the Servicer and the Insurer of any discrepancies on or before the fourth Business Day immediately preceding the Insured Payment Date.

  • In addition, on the Final Insured Payment Date or other final Payment Date (including the Payment Date following any purchase by the Master Servicer of the Home Loans pursuant to Section 8.08 of the Servicing Agreement), the amount to be paid pursuant to clause (ii) above shall be equal to the aggregate Note Balance of the Notes immediately prior to such Payment Date and, in addition to the foregoing, the Class A-IO Notes shall be paid the Adjusted Issue Price, if any.

  • Without limiting the foregoing, the Issuer will cause to be distributed on each Payment Date or each Insured Payment Date, if applicable, all amounts deposited in the Note Distribution Account pursuant to the Sale and Servicing Agreement to the Noteholders.

  • In Price Waterhouse, this Court held that Price Waterhouse violated Title VII when it denied Ann Hopkins a partnership because she failed to “walk more femininely, talk more femininely, dress more femininely, wear make-up, have her hair styled, and wear jewelry.” Price Waterhouse, 490 U.S. at 235 (plurality); id.

  • On or before each Payment Date or each Insured Payment Date, if applicable, the Issuer shall deposit or cause to be deposited in the Note Distribution Account from the Collection Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Note Paying Agent is the Trustee) shall promptly notify the Trustee of its action or failure so to act.

  • Amounts paid by the Insurer pursuant to a claim submitted under this Section 6.1 shall be deposited by the Trustee into the Note Distribution Account for payment to Noteholders on the related Insured Payment Date.


More Definitions of Insured Payment Date

Insured Payment Date. With respect to each Class of Class A Notes, will be the earlier to occur of (i) the first Payment Date after the Parity Date with respect to such Class and (ii) the date on which the Demand Note matures.
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Insured Payment Date. With respect to each Class, will be the earlier to occur of (i) the first Payment Date after the Parity Date with respect to such Class and (ii) the date on which the Demand Note matures.
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Related to Insured Payment Date

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

  • Insured Payments means, with respect to any Distribution Date, the aggregate amount actually paid by the Certificate Insurer to the Trustee in respect of (i) Insured Amounts for a Distribution Date and (ii) Preference Amounts for any given Business Day.

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant’s Separation Date.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Specified Payment means any Permitted Acquisition, Permitted Investment, Restricted Payment or prepayment with respect to Indebtedness subject to satisfaction of the Payment Conditions or any component thereof.

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Required Payment shall have the meaning assigned such term in Section 4.04.

  • Loss Payment Date has the meaning specified in Section 7.05(a) of the Indenture.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Final Scheduled Payment Date means the Class A-1 Final Scheduled Payment Date, the Class A-2a Final Scheduled Payment Date, the Class A-2b Final Scheduled Payment Date, the Class A-3 Final Scheduled Payment Date, the Class A-4 Final Scheduled Payment Date or the Class B Final Scheduled Payment Date, as the context requires.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Delayed Payment Interest Rate means the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive’s separation from service.

  • Bond Payment Date means any date on which principal of or interest on any Bond is payable.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Class C Final Scheduled Payment Date means the Payment Date occurring in December 2024.

  • Expected Principal Payment Date means April 15, 2010.

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2027.

  • Class A-4 Final Scheduled Payment Date means July 15, 2031.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.