Permanent Insurance definition
Examples of Permanent Insurance in a sentence
The value to be added to such Bonds shall be an amount equal to the excess, if any, by which the net proceeds realizable from the sale of the Bonds on an insured basis exceeds the sum of (i) the net proceeds realizable from the sale of the Bonds on an uninsured basis plus (ii) the premium attributable to the Permanent Insurance.
The Trustee shall also take such action required under Section 5.02 of this Agreement with respect to Permanent Insurance, as defined in Section 5.02.
The Trustee shall also take such action required under Sections 3.7, 3.8, 3.10, 5.2 and 6.4 hereof with respect to Permanent Insurance.
The Depositor and Trustee will observe the procedures declared in Section 5.02 with respect to the purchase of Permanent Insurance in connection with any such sale of Securities from an Insured Trust.
In addition, Schedule 1.9.1 identifies for each item of Company Registered Intellectual Property any filings or other known actions that may be necessary during the 180-day period commencing on the Closing Date in order to maintain the validity and enforceability of the registrations and applications for registration of such item of Company Intellectual Property, including without limitation the schedule of any Taxes and maintenance fees or actions falling due within such period.
The Trustee is hereby authorized to pay and shall pay out of the proceeds of the sale of the Securities which are covered by Permanent Insurance, any premium for such Permanent Insurance and the net proceeds after such deduction shall be credited to the Principal and Interest Account as described above.
The Depositor and Trustee will observe the procedures described in Section 5.02 with respect to the purchase of Permanent Insurance in connection with the liquidation of Securities of an Insured Trust.
The Depositor and Trustee will observe the procedures described in Section 5.02 with respect to the purchase of Permanent Insurance in connection with any such sale of Securities from an Insured Trust.
Any evaluation of Securities which includes amounts attributable to Permanent Insurance, as defined in Section 5.02 hereof, shall, to the extent necessary, include a deduction for amounts which would be payable as premiums to obtain Permanent Insurance if the Trustee had exercised the right to obtain Permanent Insurance.
Completions and Special Terms Appendix Appendix B - The blueprint of the Contract and its Surroundings Appendix C - Rules to provide electricity Appendix D - The Management Agreement Appendix E - Bylaws Appendix F - Personal Guarantee Appendix G - Bank Guarantee Appendix H - Promissory Note Appendix I1 - Format of the Confirmation pertaining to the Tenant’s works insurance policies Appendix I2 - Format of the Tenant’s Permanent Insurance Policies Appendix J - Format of the Authorization to Charge Account.