MGIC Policy definition

MGIC Policy. The mortgage insurance policy issued by Mortgage Guarantee Insurance Corporation with respect to certain mortgage loans identified in the Mortgage Loan Schedule.
Sample 1Sample 2Sample 3
MGIC Policy. The mortgage guaranty insurance policy issued by MGIC, attached hereto as Exhibit O.
Sample 1Sample 2
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.
Sample 1

Examples of MGIC Policy in a sentence

  • In the event that such MGIC Policy shall be terminated otherwise than required by law, the Servicer shall use its best efforts to obtain from another Qualified Insurer a comparable replacement policy, with a total coverage equal to the remaining coverage of such terminated MGIC Policy and a cost not in excess of the MGIC Fee.

  • The Servicer shall be solely responsible for complying with all reporting and other information requirements under the MGIC Policy, with respect to all MGIC Mortgage Loans.

  • Regardless, any funds received by the Mortgage Insurance Co-Trustee under the MGIC Policy shall be remitted to the Servicer within two Business Days for deposit to the Certificate Account.

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

  • The Servicer shall not take any action inconsistent with Accepted Servicing Practices which would result in noncoverage under the MGIC Policy of any loss which, but for the actions of the Servicer would have been covered thereunder.

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

  • 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 applicable Servicer shall submit all claims required to be made under the MGIC Policy in a timely fashion and shall otherwise comply with the terms of the MGIC Policy.

  • All claims under the MGIC Policy shall be made by the Servicer on behalf of the Mortgage Insurance Co-Trustee and any funds received by the Servicer with respect to the MGIC Policy will be deemed to have been received by the Servicer on behalf of the Mortgage Insurance Co-Trustee.

  • 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.


More Definitions of MGIC Policy

MGIC Policy. The mortgage insurance policy issued by MGIC in favor of the Trustee on behalf of the Certificateholders.
Sample 1

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).

  • Board Policy means any and all policies adopted by the School Board and in effect at the time the RFP is published and as they may be amended from time to time (“Board Policy”). All Board Policies are incorporated by reference into this Solicitation and into all Proposals submitted by a Proposer.

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

  • Tariff Policy means a Tariff Policy adopted by the Council in terms of Section 74 of the Local Government: Municipal Systems Act 32 of 2000.

  • Code of Ethics means a statement encompassing the set of rules based on values and the standards of conduct to which suppliers are expected to conform

  • 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;

  • CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.

  • Code of Conduct means an agreement or set of rules not imposed by law, regulation or administrative provision of a Member State which defines the behaviour of traders who undertake to be bound by the code in relation to one or more particular commercial practices or business sectors;

  • City Policies means any or all (as the context requires) of those procedures, standards and/or standard specifications, requirements, policies and the like listed in Schedule H or notified to the Supplier from time to time, as the same may be updated, modified, expanded, revised, supplemented and/or replaced from time to time by the City (as notified to the Supplier);

  • 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.

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

  • Terms and Conditions of Employment means the hours of employment, the compensation therefore including fringe benefits, and the employer's personnel policies affecting the working conditions of the employees.

  • Policy means Related Party Transaction Policy.

  • 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.

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

  • Insider Trading Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

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

  • 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.