MBIA Policy definition

MBIA Policy. The Certificate Guaranty Insurance Policy issued by MBIA for the benefit of the Holders of any Insured Retail Certificates, including any endorsements thereto.
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MBIA Policy. The Certificate Guaranty Insurance Policy 43461 issued by MBIA for the benefit of the Holders of the Insured Certificates, including any endorsements thereto, attached as Exhibit O.
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MBIA Policy means any of the ILFT Policy or the Lease Policy, as the context may require.
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Examples of MBIA Policy in a sentence

  • Anything herein to the contrary notwithstanding, for purposes of this Section 11.03 only, any payment with respect to principal of or interest on the Insured Certificates which is made with monies received pursuant to the terms of the MBIA Policy shall not be considered payment of the Insured Certificates from the Trust Fund.

  • Each Insured Certificateholder, by accepting its Certificate, appoints the Trustee as attorney-in-fact for the purpose of making claims on the MBIA Policy.

  • In connection with such transfer and assignment, the Company does hereby deliver the MBIA Policy to the Trustee for the benefit of the Holders of the Insured Certificates.

  • Neither the MBIA Policy, nor the amounts paid on the MBIA Policy will constitute part of the assets of either REMIC created by this Agreement.

  • The Trustee shall surrender the MBIA Policy to MBIA for cancellation upon the expiration of the term of the MBIA Policy as provided in the MBIA Policy following the retirement of the Insured Certificates.

  • The Trustee shall hold the MBIA Policy in trust as agent for the Insured Certificateholders for the purpose of making claims thereon and distributing the proceeds thereof.

  • To the extent that the MBIA Policy constitutes a reserve fund for federal income tax purposes, (1) it shall be an outside credit support agreement and not an asset of either REMIC and (2) it shall be owned by MBIA, all within the meaning of Section 1.860G-2(h) of the Treasury Regulations.

  • As long as the MBIA Policy is in effect and unless MBIA is in default under the MBIA Policy, MBIA shall be entitled to exercise all Voting Rights otherwise allocable to the Insured Certificates.

  • The Master Servicer shall not resign from the obligations and duties hereby imposed on it except (a) upon appointment of a successor servicer and receipt by the Trustee of a letter from each Rating Agency that such a resignation and appointment will not result in a downgrading of the rating of any of the Certificates (determined without regard to the MBIA Policy), or (b) upon determination that its duties hereunder are no longer permissible under applicable law.

  • During the continuation of an MBIA Default, rights granted or reserved to MBIA hereunder shall vest instead in the Holders of the Insured Retail Certificates; provided that MBIA shall be entitled to premiums due and any reimbursement amounts owed to MBIA under the MBIA Policy, except that MBIA shall retain those rights under Section 11.1 with respect to any amendment.


More Definitions of MBIA Policy

MBIA Policy. The financial guaranty insurance policy issued by MBIA covering the Bonds issued pursuant to this Agreement.
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MBIA Policy. The irrevocable Financial Guaranty Insurance Policy dated as of the Closing Date issued by the Certificate Insurer to the Trustee for the benefit of the Class A Certificateholders and having a maximum amount available to be drawn in respect of Scheduled Payments equal to the MBIA Policy Amount, a copy of which is attached as Exhibit K hereto.
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MBIA Policy means the irrevocable financial guaranty insurance policy (Policy No. 24483) issued by MBIA with respect to the Bonds.
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MBIA Policy. The Certificate Guaranty Insurance Policy 44033 issued by MBIA for the benefit of the Holders of the Insured Certificates, including any endorsements thereto, attached as Exhibit O.
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Related to MBIA Policy

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • D&O Tail Policy has the meaning set forth in Section 5.8(c).

  • Policy means Related Party Transaction Policy.

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

  • Tail Policy has the meaning set forth in Section 6.18(b).

  • Procurement Policy means ADB’s Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time);

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

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

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

  • The Policy means any insurance policy held by the Landlord for the Property or the Fixtures and Fittings.

  • Investment Policy means the investment policy from time to time determined by the Commission under the Rules;

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

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

  • D&O Policies has the meaning set forth in Section 8.06.

  • 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.

  • Risk Management Policy means the Risk Management Policy of the Borrower in effect on the date of this Agreement as amended from time to time.

  • 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.