Note Insurance Policy definition

Note Insurance Policy. The bond guaranty insurance policy number 21885, issued by the Note Insurer to the Indenture Trustee for the benefit of the Noteholders.

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Note Insurance Policy means the financial guaranty insurance policy issued by the Note Insurer for the benefit of the Noteholders.

Note Insurance Policy means the Note Guaranty Insurance Policy dated the Closing Date issued by the Note Insurer with respect to the Notes.

Examples of Note Insurance Policy in a sentence

Anything herein to the contrary notwithstanding, any payment with respect to principal of or interest on the Notes which is made with moneys received pursuant to the terms of the Note Insurance Policy shall not be considered payment of the Notes from the Trust Estate.
The Indenture Trustee agrees that it will hold the Note Insurance Policy in trust and that it will hold any proceeds of any claim upon the Note Insurance Policy, solely for the use and benefit of the Noteholders in accordance with the terms hereof and the Note Insurance Policy.
The acceptability to the Note Insurer of the Opinion of Counsel delivered to the Authenticating Agent and the Note Insurer at the Closing Date shall be conclusively evidenced by the delivery on the Closing Date of the Note Insurance Policy.
No termination or redemption is permitted without the prior written consent of the Note Insurer if it would result in a draw on the Note Insurance Policy.
Nothing in the foregoing sentence, nor any action taken pursuant thereto or in compliance therewith, shall be deemed to have released the Note Insurer from any obligation or liability it may have to any party or to the Noteholders hereunder, under any other agreement, instrument or document (including, without limitation, the Note Insurance Policy) or under applicable law.

More Definitions of Note Insurance Policy

Note Insurance Policy. The financial guarantee insurance policy, number 04030011, and all endorsements thereto dated the Closing Date, issued by the Note Insurer for the benefit of the Noteholders.

Note Insurance Policy. The Note Guaranty Insurance Policy (number 25481) dated December 30, 1997 issued by the Note Insurer to the Indenture Trustee for the benefit of the Owners pursuant to which the Note Insurer guarantees Insured Payments.

Note Insurance Policy. The Financial Guaranty Insurance Policy No. 34772, and all endorsements thereto dated the Initial Closing Date, issued by the Note Insurer for the benefit of the Noteholder.

Note Insurance Policy. The Note Guaranty Insurance Policy (number _______) dated __________ __, 199_. issued by the Note Insurer to the Indenture Trustee for the benefit of the Owners pursuant to which the Note Insurer guarantees Insured Payments.

Note Insurance Policy means MBIA Policy Number 24545.

Note Insurance Policy. The Financial Guaranty Insurance Policy No. 50881-N dated November 18, 1999, including any endorsements thereto, issued by the Note Insurer for the benefit of the Noteholders, pursuant to which the Note Insurer guarantees payment of Insured Payments.

Note Insurance Policy. The financial guaranty insurance policy (No. ), dated [ ], issued by the Note Insurer to the Indenture Trustee for the benefit of the Noteholders, pursuant to which the Note Insurer guarantees payment of Insured Payments.]