Examples of Maximum Insured Amount in a sentence
Notwithstanding anything to the contrary set forth in the Note Policy, in no event will the aggregate amount paid by the Insurer thereunder exceed the Maximum Insured Amount (as defined in the Note Policy).
Notwithstanding the foregoing, in no event shall the Insurer be obligated to make any payment in respect of any Preference Amount (i) to the extent that such payment when added to all prior payments of Insured Payments (as defined in the Note Policy) would exceed the Maximum Insured Amount or (ii) prior to the time the Insurer would have been required to make an Insured Payment pursuant to the Note Policy.
Notwithstanding the foregoing, in no event shall the Insurer be obligated to make any payment in respect of any Preference Amount (i) to the extent that such payment, when added to all prior payments of Insured Amounts, would exceed the Maximum Insured Amount or (ii) prior to the time the Insurer would have been required to make an Insured Payment pursuant to Section 2 hereof.
The Indenture Trustee and the Issuer hereby acknowledge that the Note Policy guarantees an amount equal to the Maximum Insured Amount (as defined therein); however no accelerated Scheduled 115 2003-A Indenture Payment shall be made on any prepayment date or as a result of any acceleration on any early redemption unless at the sole option of the Note Insurer.
The Maximum Insured Amount represents the maximum limit of the compensations to be paid by the Insurer and is determined by the amount resulting from applying the cover percentage indicated in the special con- ditions of the Policy, to the Limit of Insured Credits.