Loan Insurance Policy Provider definition

Loan Insurance Policy Provider is United Guaranty Residential Insurance Company of North Carolina.
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Loan Insurance Policy Provider is United Guaranty Residential Insurance Company of North Carolina. The "Maximum Rate" for a Class of Notes for any Interest Period is the Weighted Average Net Loan Rate for the Mortgage Loans in the related Loan Group for the Collection Period during which the Interest Period begins (adjusted to an effective rate reflecting accrued interest calculated on the basis of the actual number of days in the Collection Period commencing in the month in which the Interest Period commences and a year assumed to consist of 360 days).
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Loan Insurance Policy Provider is ________________.
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Examples of Loan Insurance Policy Provider in a sentence

  • The Master Servicer will withdraw from the Collection Account, on the due date therefor any other amount owed to the Loan Insurance Policy Provider under the Loan Insurance Policy.

  • The Depositor may terminate the Loan Insurance Policy, with the consent of the Credit Enhancer, if the Loan Insurance Policy Provider fails to comply with its obligations under the Item 1114 Agreement that is expected to be entered among the Depositor, CWABS, Inc., CWMBS, Inc., CWALT, Inc., the Sponsor and the Loan Insurance Policy Provider.

  • The Master Servicer shall withdraw from the Certificate Account and forward to the Co-Trustee in immediately available funds on or before 12:00 noon (New York City time) on each Distribution Date the Loan Insurance Policy Premium due on such Distribution Date, and (iii) promptly when due any other amount owed to the Loan Insurance Policy Provider under the Loan Insurance Policy.

  • On the first day on which the Loan Insurance Premium is due and thereafter on each Payment Date upon receipt of funds from the Master Servicer in accordance with Section 8.02(a), the Co-Trustee shall pay the amount received from the Master Servicer to the Loan Insurance Policy Provider on the Payment Date by wire transfer of immediately available funds in accordance with written instructions furnished by the Loan Insurance Policy Provider pursuant to the Loan Insurance Policy.

  • The Co-Trustee shall deliver the Loan Insurance Policy and any amounts held in its possession for the benefit of the Loan Insurance Policy Provider to the successor co-trustee upon the appointment of the successor co-trustee.

  • The Co-Trustee shall, at all times, be a corporation or association organized and doing business under the laws of a state or the United States of America, authorized under such laws to exercise corporate trust powers having aggregate capital surplus and undivided profits of at least $50,000,000, and subject to supervision or examination by a federal or state authority, and otherwise acceptable to the Loan Insurance Policy Provider and the Credit Enhancer.

  • The Co-Trustee shall surrender the Loan Insurance Policy to the Loan Insurance Policy Provider for cancellation upon the satisfaction and discharge of this Indenture.

  • Payments by the Loan Insurance Policy Provider will be made directly to the Master Servicer who shall immediately remit them to the Indenture Trustee for deposit into the Payment Account.

  • The Co-Trustee may at any time resign and be discharged from the trusts hereby created (1) by giving written notice of resignation to the Credit Enhancer, the Loan Insurance Policy Provider and the Indenture Trustee, not less than 60 days before the date specified in the notice when the resignation is to take effect, and (2) upon acceptance of appointment by a successor co-trustee in accordance with this Subsection and meeting the qualifications in Section 6.15(e).

  • However, if the Co-Trustee receives any payment under the Loan Insurance Policy from the Loan Insurance Policy Provider, the Co-Trustee shall promptly pay them to the Master Servicer to be deposited in the Payment Account.

Related to Loan Insurance Policy Provider

  • Policy Provider means MBIA Insurance Corporation, or any successor thereto.

  • 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.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • 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.

  • 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.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Blanket insurance policy means a group policy covering a defined class of

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.