MBIA Policy Payments Account definition

MBIA Policy Payments Account. The account established pursuant to Section 11.02(b) hereof.
MBIA Policy Payments Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 10.1(c) in the name of the Trustee for the benefit of the Holders of the Insured Retail Certificates and designated "The Bank of New York in trust for registered holders of First Horizon Mortgage Pass-Through Trust 2000-4, Mortgage Pass-Through Certificates, Series 2000-4 Class A-3 Certificates." Funds in the MBIA Policy Payments Account shall be held in trust for the Holders of the Insured Retail Certificates for the uses and purposes set forth in this Agreement.
MBIA Policy Payments Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 10.1(c) in the name of the Trustee for the benefit of the

Examples of MBIA Policy Payments Account in a sentence

  • Funds held in the MBIA Policy Payments Account shall not be invested by the Trustee.

  • The Trustee shall deposit any amount paid under the MBIA Policy in the MBIA Policy Payments Account and distribute such amount only for purposes of payment to Holders of Insured Certificates of the Insured Payment for which a claim was made.

  • The Trustee shall deposit any amount paid under the MBIA Policy into the MBIA Policy Payments Account and distribute such amount only for the purpose of making the payments to Holders of the Insured Retail Certificates in respect of the Insured Payment for which the related claim was made under the MBIA Policy.

  • However, any payments made on the Insured Retail Certificates from funds in the MBIA Policy Payments Account shall be noted as provided in subsection (e) below.

  • Any funds remaining in the MBIA Policy Payments Account on the first Business Day following a Distribution Date shall be remitted to MBIA, pursuant to the instructions of MBIA, by the end of such Business Day.

  • However, the amount of any payment of principal of or interest on the Insured Certificates to be paid from funds transferred from the MBIA Policy Payments Account shall be noted as provided in paragraph (c) below and in the statement to be furnished to Holders of the Certificates pursuant to Section 4.03.

  • Any funds remaining in the MBIA Policy Payments Account on the first Business Day after each Distribution Date shall be remitted promptly to MBIA pursuant to the written instruction of MBIA.

  • However, the amount of any payment 106 of principal of or interest on the Insured Certificates to be paid from funds transferred from the MBIA Policy Payments Account shall be noted as provided in paragraph (c) below and in the statement to be furnished to Holders of the Certificates pursuant to Section 4.03.

  • Holders of the Insured Retail Certificates and designated “The Bank of New York in trust for registered holders of First Horizon Mortgage Pass-Through Trust 2003-7, Mortgage Pass-Through Certificates, Series 2003-7 $19,892,022 5.000% Class I-A-4 Certificates.” Funds in the MBIA Policy Payments Account shall be held in trust for the Holders of the Insured Retail Certificates for the uses and purposes set forth in this Agreement.

  • Claims Upon the MBIA Policy; MBIA Policy Payments Account........

Related to MBIA Policy Payments Account

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Class PO Deferred Amount As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;