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

  • 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.

  • 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.

  • Payments by the Loan Insurance Policy Provider will be made directly to the Master Servicer that will deposit them into the Collection Account.

  • We will apply for such approvals as soon as we get more clarity over the legal requirements.

  • On each Distribution Date upon receipt of funds from the Master Servicer in accordance with Section 3.09, the Co-Trustee shall pay the amount received from the Master Servicer to the Loan Insurance Policy Provider on the Distribution Date by wire transfer of immediately available funds in accordance with instructions furnished by the Loan Insurance Policy Provider pursuant to the Loan Insurance Policy.

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

  • 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.

  • In addition, by the Closing Date, the Depositor shall cause the Loan Insurance Policy Provider to deliver the Loan Insurance Policy to the Indenture Trustee.

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 has the meaning set forth in Section 6.15.

  • 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 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.

  • Reimbursement insurance policy means a policy of insurance

  • 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.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • 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.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a resident licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • 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.