Mortgage Insurance Proceeds. With respect to any Mortgaged Property, all amounts collected in respect of Mortgage Insurance Policies and not required either pursuant to applicable law or the related Loan Documents to be applied to the restoration of the related Mortgaged Property or paid to the related Borrower.
Mortgage Insurance Proceeds means any amounts received by the Trustee (or a Servicer on its behalf) under any Mortgage Insurance Policy.
Mortgage Insurance Proceeds means with respect to each Mortgage Loan that is covered by mortgage insurance, all insurance proceeds received in respect of such primary mortgage insurance.
Examples of Mortgage Insurance Proceeds in a sentence
The Class MI Certificate is entitled only to 90% of Mortgage Insurance Proceeds, if any, received on the Mortgage Loans.
The Class MI Certificate is entitled only to Mortgage Insurance Proceeds received on the Mortgage Loans.
For the avoidance of doubt, all calculations related to the Redemption Price will be based on amounts on the Distribution Date (after taking into account distributions made on such Distribution Date in accordance with “Description of the Certificates — Distribution of Available Funds”, any allocation of Certificate Writedown Amounts, Certificate Writeup Amounts and any allocation of Mortgage Insurance Proceeds) on which the Redemption Price is paid.
The Class MI Certificate is entitled only to Primary Mortgage Insurance Proceeds received on the Mortgage Loans.
The Class MI Certificate represents ownership of Mortgage Insurance Proceeds, if any, and does not represent ownership of an interest in a REMIC.
More Definitions of Mortgage Insurance Proceeds
Mortgage Insurance Proceeds means with respect to any Distribution Date, the aggregate of the mortgage insurance proceeds related to the Mortgage Loans collected during the related Collection Period resulting from Mortgage Insurance Policies.
Mortgage Insurance Proceeds means for each Mortgage Loan that is covered by a Mortgage Insurance Policy and any Distribution Date, if the mortgage insurance company takes title of the underlying property as its claim payment (i.e., exercises an acquisition option if available to it), then the product of (a) the Mortgage Claim Payment and (b) the Mortgage Insurance Coverage Percentage for such Mortgage Loan, otherwise the Mortgage Claim Payment. Mortgage Insurance Proceeds will not be included in Liquidation Proceeds and will be paid on each Distribution Date to the Class MI Certificate, in an amount equal to all available Mortgage Insurance Proceeds.
Mortgage Insurance Proceeds. Proceeds paid by any insurer pursuant to any Mortgage Insurance Policy covering a Mortgage Loan, or amounts required to be paid by the Master Servicer pursuant to the last sentence of the first paragraph of Section 4.11(b) of the Sale and Servicing Agreement, or the penultimate sentence of Section 4.11(c) of the Sale and Servicing Agreement, net of any component thereof (i) covering any Liquidation Expenses incurred by or on behalf of the Master Servicer in connection with obtaining such proceeds, (ii) that is applied to the restoration or repair of the related Mortgaged Property, (iii) released to the Mortgagor in accordance with the Master Servicer's normal servicing procedures, or (iv) required to be paid to any holder of a mortgage senior to such Mortgage Loan.
Mortgage Insurance Proceeds means with respect to each Mortgage Loan that is covered by a Mortgage Insurance Policy and any Distribution Date, (A) if the mortgage insurance company takes title of the underlying property as its contractual claim payment (i.e., exercises an acquisition option if available to it), then the product of (i) the Mortgage Claim Payment and (ii) the Mortgage Insurance Coverage Percentage for such Mortgage Loan, otherwise (B) the Mortgage Claim Payment.
Mortgage Insurance Proceeds. Proceeds paid by any insurer (other than the Insurer) pursuant to any Mortgage Insurance Policy covering a Mortgage Loan, or amounts required to be paid by the Master Servicer pursuant to the last sentence of the first paragraph of Section 4.11(b), or the penultimate sentence of Section 4.11(c), net of any component thereof (i) covering any expenses incurred by or on behalf of the Master Servicer in connection with obtaining such proceeds, (ii) that is applied to the restoration or repair of the related Mortgaged Property, (iii) released to the Mortgagor in accordance with the Master Servicer's normal servicing procedures, or (iv) required to be paid to any holder of a mortgage in a senior lien position to such Mortgage Loan.
Mortgage Insurance Proceeds. Proceeds paid by any insurer pursuant --------------------------- to any Mortgage Insurance Policy covering a Mortgage Loan, net of any component thereof (i) covering any Liquidation Expenses incurred by or on behalf of the Servicer in connection with obtaining such proceeds, (ii) that is applied to the restoration or repair of the related Mortgaged Property, (iii) released to the Mortgagor in accordance with the Servicer's normal servicing procedures, or (iv) required to be paid to any holder of a mortgage senior to such Mortgage Loan.
Mortgage Insurance Proceeds. Insurance Proceeds as defined in each Mortgage.