MBIA Premium definition

MBIA Premium shall have the meaning specified in the Insurance Agreement.

MBIA Premium. With respect to any Distribution Date, an amount equal ------------ to 1/12th of the product of (a) the Class Certificate Balance of the Class A-9 Certificates as of such Distribution Date (prior to giving effect to any distributions thereon on such Distribution Date) and (b) the Premium Percentage (as defined in the Commitment Letter between MBIA and Xxxxxx Brothers Inc. dated February 24, 1999.)

MBIA Premium means the amount set forth in paragraph 1.a. of the Commitment.

Examples of MBIA Premium in a sentence

• The MBIA Premium shall be nonrefundable without regard to whether the Surety makes any payment under the Surety Bond.

• The MBIA Premium shall be payable in accordance with the Security Agreement so long as no Surety Default or Surety Insolvency has occurred.

• The MBIA Premium shall be payable in accordance with Section 12.02(d)(v) of the Indenture commencing on the applicable dates set forth in the Commitment so long as no Insurer Default or Insurer Insolvency has occurred.

• The MBIA Premium Rate shall be calculated according to paragraph 1 of the Commitment.

• In addition, if an MBIA Default occurs, at the direction of the Holders of not less than a majority in Outstanding Principal Amount of all Notes, the amount of the fee that would have otherwise been paid as the MBIA Premium shall be applied in the order 101 of priority set forth in Section 12.02(d) to either (a) procure an alternative third party credit enhancement for all Series of.

More Definitions of MBIA Premium

MBIA Premium. The sum of all MBIA Premiums specified in each Insurance Agreement.

MBIA Premium. As to the Closing Date and each Distribution Date thereafter, the amount to be paid to MBIA pursuant to the Commitment Letter dated January 29, 2003 between MBIA and FTN Financial Capital Markets.

MBIA Premium. As to the Closing Date and each Distribution Date thereafter, the amount to be paid to MBIA pursuant to the Commitment Letter dated July 29, 2003 between MBIA and Xxxxxx Xxxxxxx & Co. Incorporated. MLPA: The Mortgage Loan Purchase Agreement dated as of July 30, 2003, by and between First Horizon Home Loan Corporation, as seller, and First Horizon Asset Securities Inc., as purchaser, as related to the transfer, sale and conveyance of the Mortgage Loans. Monthly Statement: The statement delivered to the Certificateholders pursuant to Section 4.6.

MBIA Premium. With respect to the Inusred Certificate Policy and each Distribution Date, an amount equal to the product of one twelfth (1/12) of the "premium percentage" set forth in the Commitment Letter, dated September 23, 2002, between MBIA and Credit Suisse First Boston Corporation, and the Class Principal Balances of the Insured Certificates immediately prior to such Distribution Date.

MBIA Premium. The sum of all MBIA Premiums specified in the Supplements.

MBIA Premium means --.

MBIA Premium and "Reimbursement Amount" in Article I, (b) clauses (i) and (vii) of Section 4.02(a), (c) Section 10.01 and (d) Sections 4.05 and 10.