MIG Policies definition

MIG Policies means the MIG insurance policy identified in paragraph 1 of Schedule 4 (Insurance Contracts) to the Mortgage Sale Agreement and any endorsements or extensions thereto as issued from time to time and any additional, replacement or substitute MIG insurance policy which relates to the Mortgage Loans in the Mortgages Portfolio from time to time;

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MIG Policies means the mortgage indemnity guarantee policies written by General Accident Fire and Life Assurance Corporation PLC, GE Capital Mortgage (UK) Limited, Royal & Sun Alliance Insurance plc and Halifax Mortgage Re Limited in favour of the Seller, or any other mortgage indemnity guarantee policy as may be effected from time to time to cover the Seller in respect of New Loans and their Related Security, such other mortgage indemnity guarantee policy to provide such level of cover as would be acceptable to a Reasonable, Prudent Mortgage Lender at the date of such other policy; Minimum Seller Share means an amount included in the Current Seller Share which is calculated in accordance with clause 9.2 of the Mortgages Trust Deed and which, as at the 2007-1 Issuer Closing Date, was £2,297,203,394.39; Monthly CPR on any Normal Calculation Date means the total Principal Receipts received during the period of one month (or, if shorter, from and including the Initial Closing Date) ending on that Normal Calculation Date divided by the aggregate Outstanding Principal Balance of the Loans comprised in the Trust Property as at the immediately preceding Normal Calculation Date;

Examples of MIG Policies in a sentence

Assignment of Halifax Mortgage Re Limited MIG Policies.................
Cover under the then current MIG Policies was required for each Mortgage Account where the aggregate of the Outstanding Principal Balance at origination (excluding capitalised High Loan-to-Value Fees, booking fees or valuation fees), or the aggregate Outstanding Principal Balance (including any further advance at the time at which it was advanced), exceeded 75 per cent.
Assignment of the Right to Cancel MIG Policies............................
Assignment of Halifax Mortgage Re Limited MIG Policies................
Assignment of Halifax Mortgage Re Limited MIG Policies...............
Assignment of Halifax Mortgage Re Limited MIG Policies..............
Halifax Mortgage Re Limited MIG Policies Re-Assignment Notice..........84 19.
Mortgage Indemnity Policy Cover under the then current MIG Policies was required for each Mortgage Account where the aggregate of the Outstanding Principal Balance at origination (excluding capitalised High Loan-to-Value Fees, booking fees or valuation fees), or the aggregate Outstanding Principal Balance (including any further advance at the time at which it was advanced), exceeded 75 per cent.

More Definitions of MIG Policies

MIG Policies means the MIG insurance policy identified in paragraph 1 of Schedule 4 (INSURANCE CONTRACTS) to the Mortgage Sale Agreement and any endorsements or extensions thereto as issued from time to time and any additional, replacement or substitute MIG insurance policy which relates to the Mortgage Loans in the Mortgages Portfolio from time to time;