MGIC Policy definition

MGIC Policy. The mortgage insurance policy issued by MGIC in favor of the Trustee on behalf of the Certificateholders.

Examples of MGIC Policy in a sentence

  • The Mortgage Insurance Co-Trustee hereby agrees to act as co-trustee for the benefit of the Certificateholders for purposes of accepting and holding the MGIC Policy in the Trust Fund and to be the named insured under the MGIC Policy.

  • The Mortgage Insurance Co-Trustee shall hold the MGIC Policy at its Corporate Trust Office.

  • Covered Loan ------------ A mortgage loan identified on the Loan Schedule as being covered by the MGIC Policy.

  • Insurance Policy ---------------- With respect to any Loan included in the Trust Fund, any insurance policy (including the MGIC Policy), and including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • The Master Servicer shall administer the MGIC Policy when it is necessary to make claims and receive payments under the MGIC Policy.

  • In addition, on or prior to the Closing Date, the Depositor shall cause MGIC to deliver the MGIC Policy to the Trustee.

  • In addition, on or prior to the Closing Date, the Depositor shall cause MGIC and FSA to deliver the MGIC Policy and the FSA Policy, respectively, to the Trustee and shall cause the Interest Rate Cap Agreement Counterparty to enter into the Interest Rate Cap Agreement with the Trustee.

  • In addition, on or prior to the Closing Date, the Depositor shall cause MGIC and FSA to deliver the MGIC Policy and the FSA Policy, respectively, to the Trustee.

  • In addition, on or prior to the Closing Date, the Depositor shall cause FSA to deliver the Certificate Insurance Policy to the Trust Administrator and MGIC to deliver the MGIC Policy to the Trust Administrator.

  • In addition, on or prior to the Closing Date, the Depositor shall cause MGIC to deliver the MGIC Policy to the Trustee and the Trustee to execute the Cap Agreement.


More Definitions of MGIC Policy

MGIC Policy. The primary mortgage insurance policy (policy reference number: #12-670-4-4537) with respect to the related MGIC Mortgage Loans, including all endorsements thereto dated the Closing Date, issued by the MGIC Insurer and the Terms Letter, dated October 26, 2005, among Mortgage Guaranty Insurance Corporation, the Master Servicer and the Trustee.

Related to MGIC Policy

  • Clawback Policy is defined in Section 14.

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

  • 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).

  • Clawback means the obligation to repay amounts to a Member of the CFG Group by an individual in accordance with rule 4 as the Committee considers appropriate;

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

  • Lapsed Policy means a Policy which has not acquired the Surrender Value and where the due Premium has not been received till the expiry of the Grace Period.

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

  • Defendants’ Releasees means Defendants and their current and former parents, affiliates, subsidiaries, officers, directors, agents, successors, predecessors, assigns, assignees, partnerships, partners, trustees, trusts, employees, Immediate Family Members, insurers, reinsurers, and attorneys.

  • Exculpation means the exculpation provision set forth in Article X.E hereof.

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

  • General Enforceability Exceptions has the meaning set forth in Section 4.1.

  • Consensus Policies are those policies established (1) pursuant to the procedure set forth in ICANN’s Bylaws and due process, and (2) covering those topics listed in Section 1.2 of this Specification. The Consensus Policy development process and procedure set forth in ICANN’s Bylaws may be revised from time to time in accordance with the process set forth therein.

  • Policy means Related Party Transaction Policy.

  • Indemnifying Party Information All information in the Prospectus Supplement or any amendment or supplement thereto (i) contained under the headings "Summary--Relevant Parties--Responsible Party "The Mortgage Loan Pool--Underwriting Guidelines" and (ii) regarding the Mortgage Loans, the related mortgagors and/or the related Mortgaged Properties (but in the case of this clause (ii), only to the extent any untrue statement or omission of a material fact arose from or is based upon errors or omissions in the information concerning the Mortgage Loans, the related mortgagors and/or the related Mortgaged Properties, as applicable, provided to the Depositor or any affiliate by or on behalf of the Indemnifying Party), [and static pool information regarding mortgage loans originated or acquired by the seller [and included in the Prospectus Supplement, the Offering Circular or the Comp Materials][incorporated by reference from the Seller's website at [________]].

  • Indemnification means an agreement of indemnity or a release from liability where the intent or effect is to shift or limit in any manner the potential liability of the person or firm for failure to adhere to applicable auditing or professional standards, whether or not resulting in part from knowing of other misrepresentations made by the insurer or its representatives.

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

  • Indemnifying Parties has the meaning set forth in Section 6.08(b).

  • Recoupment means the recovery of skills or behaviors specified on the IEP to a level demonstrated before the interruption of education services.

  • D&O Insurance has the meaning set forth in Section 5.10(c).

  • Arbitration organization means an association, agency, board, commission, or other entity that is neutral and initiates, sponsors, or administers an arbitration proceeding or is involved in the appointment of an arbitrator.

  • Golden Parachute Provision. Any payments made to the EMPLOYEE pursuant to this AGREEMENT or otherwise are subject to and conditioned upon their compliance with 12 U.S.C. Section 1828(k) and any regulations promulgated thereunder.

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