Maximum Insured Amount definition

Maximum Insured Amount means $616,727,000 in respect of principal, plus interest thereon calculated at the applicable Pass-Through Rate for the Class A Certificates.

Maximum Insured Amount means $250,000,000 in respect of principal, plus interest thereon calculated at the applicable Interest Rate for the Class A Notes.

Maximum Insured Amount means (a) the lesser of (i) $425,000,000 or (ii) the sum of the Maximum Insured Commitments of all Revolving Purchasers PLUS the aggregate of the Investments of all Term Purchasers, or (b) such other higher amount as the Insurer may indicate in its sole and absolute discretion by written notice delivered to the Seller, the Servicer, each Purchaser Agent and the Agent.

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.

• Based on the Insured Party’s statements and in accordance with the general and special conditions of the Policy, the Insurer undertakes to compensate the Insured Party for its losses resulting from the occurrence of one or more of the risks referred to in article 2, under the terms and conditions and according to the time limits established in the Policy, up to the maximum limit of the Maximum Insured Amount.

• 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 3 of this Policy.

More Definitions of Maximum Insured Amount

Maximum Insured Amount means $1,400,000,000 in respect of principal, plus interest thereon calculated at the applicable Interest Rate for the Notes.

Maximum Insured Amount means $1,500,000,000 in respect of principal, plus interest thereon calculated at the applicable Interest Rate for each Class of Class A Notes.

Maximum Insured Amount. $575,000,000 in respect of principal plus interest thereon calculated at the Pass-Through Rate for the Class A Certificates. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

Maximum Insured Amount means $1,049,000,000 in respect of principal, plus interest thereon calculated at the applicable Note Rate for the Class A Notes.

Maximum Insured Amount means $25,000,000 in respect of principal, plus the Series 2005-2 Note Interest Payments due and owing with respect to the Series 2005-2 Notes.

Maximum Insured Amount means $670,250,000 in respect of principal, plus interest thereon calculated at the applicable Interest Rate for the Class A Notes.

Maximum Insured Amount means the sum of the following amounts: (i) in respect of principal relating to the Class A Notes, $1,022,287,000 and (ii) in respect of principal relating to the Class N Certificates, $200,000,000.