Insured Trust definition

Insured Trust means a Trust which is comprised entirely of Pre-Insured Bonds and/or Bonds as to which such Trust has obtained Portfolio Insurance.
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Insured Trust means any separate trust created by this Indenture, each Corporate Bond contained in the portfolio of which is either a Pre-Insured Bond or guaranteed by insurance obtained by the Depositor from the Insurer.
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Insured Trust means a Trust in a Fund which has obtained Insurance, as such term is defined in Section 1.01(9). The various series of Trusts with the word “Intermediate” in the title may also be referred to herein as an “Intermediate Trust” and the various series of Trusts with the words “Short Intermediate” in the title may also be referred to herein as a “Short Intermediate Trust.”
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Examples of Insured Trust in a sentence

  • To the extent that funds from the Self Insured Trust result in the satisfaction or reduction of an Allowed Tort Claim, such Allowed Tort Claim may be reduced or expunged to the extent of any satisfaction on the Claims Register by the claims agent without a Claim objection having to be filed and without any further notice.

  • The Debtors and Reorganized Debtors residual interest in the Self Insured Trust, if any, is expressly preserved.

  • Resident must qualify for professional liability insurance coverage provided by Advocate’s Self Insured Trust pursuant to Graduate Medical Education Policy: Professional Liability.

  • To the extent not otherwise resolved by Final Order of the Bankruptcy Court or scheduled for resolution by the Bankruptcy Court, the Bankruptcy Court shall retain jurisdiction to determine the rights of the Holders of Tort Claims as well as the rights of the Debtors, their Estates, and the Reorganized Debtors in the Self Insured Trust.

  • The availability, if any, of the funds from Self Insured Trust for the satisfaction of Allowed Tort Claims shall be determined by the Bankruptcy Court.

  • The Self Insured Trust does not cover Resident moonlighting activities or any other professional activity not related to residency.

  • The Settlement Agreement contemplates that the order approving it will contain Findings that (1) the relief requested in the Motion is in best interests of the investors in each FGIC Insured Trust, each such FGIC Insured Trust, the FGIC Trustees and all other parties; and (2) the FGIC Trustees have acted reasonably, in good faith and in the best interests of the investors in each FGIC Insured Trust.

  • With each payment of premium or installment thereof, the Trustee shall notify the Insurer of all Securities (except for Pre-Insured Securities which are not covered by Insurance) which during the expiring premium period were redeemed from or sold by each Insured Trust.

  • The Depositor and Trustee will observe the procedures described in Section 5.02 with respect to the purchase of Permanent Insurance in connection with any such sale of Securities from an Insured Trust.

  • The Debtors and Reorganized Debtors residual interest in the Self Insured Trust is subject to disputes presently before the Bankruptcy Court, and their interests in such funds if any, is expressly preserved.


More Definitions of Insured Trust

Insured Trust means a Trust in a Fund which has obtained Insurance, as such term is defined in Section 1.01(12).
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Insured Trust means a Trust in the Fund which has obtained Insurance, as such term is defined in Section 1.01(11), or which is comprised entirely of Pre-Insured Bonds, as such term is defined in Section 1.01(11). "State Trust" shall mean a Trust in the Fund, the Bonds constituting the portfolio of which are predominantly issued by issuers located in the state for which such Trust is named.
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Insured Trust means a Trust in a Fund which has obtained Insurance, as such term is defined in Section 1.01(11). (11) "TRUST AGREEMENT" shall mean the Trust Agreement for the particular series of the Fund into which the Indenture is incorporated. (12) "INSURANCE" shall mean the contract or policy of insurance obtained by certain Trusts of the Fund guaranteeing the payment when due of the principal of and interest on the Corporate Bonds held pursuant and subject to this Indenture, together with the proceeds, if any, thereof payable to or received by the Trustee for the benefit of such Trusts and the Unitholders thereof except that Insurance shall not include the individual policies of insurance on the Corporate Bonds in certain trusts which policies have been obtained by the issuers of such Corporate Bonds or by the underwriters, the Depositor or others prior to the date of the Trust Agreement (the "PRE-INSURED BONDS"). (13) "INSURER" shall mean any provider of insurance obtained by a Trust and issuing the contract or policy of Insurance obtained by certain Trusts of the Fund protecting such Trusts and the Unitholders thereof against nonpayment when due of the principal of and interest on any Corporate Bond held by the Trustee as part of the Fund. (14) "UNIT" in respect of any Trust shall mean the fractional undivided interest in and ownership of the Trust equal initially to the fraction specified in "Essential Information" in the Prospectus, the numerator of which is one and the denominator of which shall be (1) increased by the number of any additional Units issued pursuant to Section 2.03 hereof and (2) decreased by the number of any such Units redeemed as provided in Section 5.02. (15) "INDENTURE" shall mean these Standard Terms and Conditions of Trust as originally executed or, if amended as hereinafter provided, as so amended, together with the Trust Agreement creating a particular series of the Fund. (16) "PROSPECTUS" shall mean the prospectus relating to the Trust Fund filed with the Securities and Exchange Commission pursuant to Rule 497(b) under the Securities Act of 1933, as amended, and dated the date of the Trust Agreement. (17) "BUSINESS DAY" shall mean any day other than a Saturday, Sunday or, in the City of New York, a legal holiday or a day on which banking institutions are authorized by law or executive order to close.
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Related to Insured Trust

  • Uninsured Trust means any Trust other than an Insured Trust.

  • Insured Person s year” means a year from the date of commencement of the insured person’s policy, or from the anniversary date of the commencement of the insured person.

  • Insured Property means the vessel, including the power units, accessories and equipment. “Parasailing” means using your vessel to tow a person in a device designed for flight. “Waterskiing” means using your vessel to tow a person on water skis or flotation devices.

  • Insured Amount As defined in the Policy.

  • Insured Amounts means, with respect to any Distribution Date, the Deficiency Amount for such Distribution Date.

  • Insured Persons means the person/s named in the Schedule to the Policy, who is/are Indian Resident /s and for whom the insurance is also proposed and appropriate premium paid.

  • Insured Event shall have the meaning given such term in Section 12.4.

  • Insured Casualty has the meaning set forth in Section 5.1(x)(iv)(B).

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $9,706,461, in each case reduced by Special Hazard Losses allocated to the REMIC II Regular Interests since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $9,706,461 as reduced by the Special Hazard Losses allocated to the REMIC II Regular Interests since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance Policy).

  • Insured Loss means damage or destruction to improvements on the Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Paragraph 8.3(a), irrespective of any deductible amounts or coverage limits involved.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Certificate Insurance Policy The Financial Guaranty Insurance Policy No. CA01172A, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Class AF-3 Certificateholders.

  • Insured Member means a member insured under this subdivision.

  • Insured Premises means the place named in the Schedule.

  • Insured means the Executive.

  • Insured”, “You”, “Your means a person:

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Insured contract means any written: a. leases of premises; b. easement agreements, except those concerning construction or demolition operations abutting railroad property; c. obligation to insure a municipality as required by law or ordinance, except in connection with work for the municipality; d. sidetrack agreements; or e. elevator maintenance agreements.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Special Hazard Coverage Termination Date The point in time at which the Special Hazard Loss Coverage Amount is reduced to zero.

  • Permitted Trust means a bona fide trust where each trustee is (i) a Qualified Stockholder, (ii) a Family Member, or (iii) a professional in the business of providing trustee services, including private professional fiduciaries, trust companies and bank trust departments.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.