Monoline definition
Examples of Monoline in a sentence
Nothing contained herein shall limit or otherwise modify any commutation or other separate agreement or instrument entered into by one or more GO Holders or PBA Holders, on the one hand, and a Monoline, on the other hand.
The Monoline Claims held by MBIA shall be fully and finally allowed as non-subordinated unsecured claims of $719.0 million against the ResCap Debtors, $1,450.0 million against the GMACM Debtors, and $1,450.0 million against the RFC Debtors.
The “Additional Provisions for Physically Settled Default Swaps – Monoline Insurer as Reference Entity”, published on January 21, 2005, are incorporated by reference herein and shall be applicable to each Reference Entity that is identified as a “monoline” in the Index and for which the monoline provisions are specified as “Applicable” in the Relevant Annex.
A portion of the Trust Units will be reserved for issuance in respect of Other Monoline Claims and General Unsecured Claims that may be allowed following the Effective Date.
Nothing contained herein shall limit or otherwise modify any commutation or other separate agreement or instrument entered into by one or more GO Holders or PBA Holders, on the one hand, and a Monoline, on the other hand, or prevent any such parties from voluntarily entering into any commutation or similar separate agreement or instrument from and after the date hereof.
The “Additional Provisions for Physically Settled Default Swaps – Monoline Insurer as Reference Entity”, published on May 9, 2003, are incorporated by reference herein and shall be applicable to each Reference Entity that is identified as a “monoline” in the Index and for which the monoline provisions are specified as “Applicable” in the Relevant Annex.
With respect to any indemnification or guaranty obligations of Greenwich described in clause (ii) of this Section 8(a), the Grantor shall have the right to review such obligations prior to definitive documentation of such obligations being negotiated by Greenwich and the applicable third party servicer or Monoline Insurance Company, as the case may be, and shall provide its written consent to such obligations, which consent may be withheld by the Grantor in its sole discretion.
Notwithstanding the foregoing, Proprietary Information may be shared with any officer, director, employee, or agent of, or any Person with managerial responsibility for, the Above 10% Monoline Affiliate to the extent such sharing occurs solely in such Person's capacity as an officer or director of the Shareholder and such information is not shared with any other Person in such Person's capacity as an officer, director, employee, or agent of any Above 10% Monoline Affiliate.
The Claims held by Monolines other than MBIA and FGIC (the “Other Monoline Claims”) shall be treated under the Plan as unsecured claims of the ResCap Debtors, the GMACM Debtors, or the RFC Debtors, as applicable, or as otherwise approved by the Plan Proponents and the Consenting Claimants.
Any RMBS Trust that has an insurance policy with a Monoline (referred to as an “Insured RMBS Trust”) reserves the ability to enforce its rights, in the Bankruptcy Court or otherwise, against any Monoline (other than FGIC) that does not, in the future, perform in accordance with an insurance policy for the benefit of that RMBS Trust (the “Monoline Reservation”).