Permanent Insurance definition

Permanent Insurance means insurance guaranteeing the timely payment of principal of, and interest on, a Municipal Obligation purchased by the Corporation upon payment of a single, predetermined insurance premium pursuant to an irrevocable commitment of the issuer of Portfolio Insurance covering such Municipal Obligation.
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Permanent Insurance means “Permanent Insurance” as defined in the Fund’s Registration Statement.
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Permanent Insurance means "Permanent Insurance" as defined in the Fund's Registration Statement.
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Examples of Permanent Insurance in a sentence

  • In any event, the lender must assure that there is no gap period in insurance protection during the transition from the Insurance During Construction to the Permanent Insurance.

  • The Mortgagor shall, in all cases, assure MHDC that there is no gap period in insurance protection during the transition from the Builder’s Risk Insurance to Permanent Insurance.

  • The Trustee shall also take such action required under Section 5.02 hereof with respect to Permanent Insurance, as defined in such Section 5.02 in connection with the sale of the 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.

  • 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.

  • 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 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 Memorandum focuses on the tasks allocated to the security services of the JRC.

  • 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 is hereby authorized to pay and shall pay out of the proceeds of the sale of the Bonds 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.


More Definitions of Permanent Insurance

Permanent Insurance means the insurance obtained from the Insurer by the Trustee on a Bond upon the sale of such Bond from the Trust, as described in the Prospectus.
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Permanent Insurance if defined in Section 4 of Appendix A hereto, shall have the meaning specified in that section.
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Permanent Insurance. The meaning assigned to it in Section 5.02. PRINCIPAL ACCOUNT The account created pursuant to Section 3.02. PRINCIPAL DISTRIBUTION DATE The meaning assigned to it in the Prospectus for each respective Trust Fund under the caption "Distribution Dates" appearing in the "Summary of Essential Financial Information."
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Permanent Insurance means a permanent policy of insurance equivalent to Original Issue Insurance or Secondary Market Insurance.
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Related to Permanent Insurance

  • Reimbursement insurance policy means a policy of insurance

  • Credit unemployment insurance means insurance:

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Life insurance means contracts that incorporate mortality risk, including annuity and pure endowment contracts, and as may be specified in the valuation manual.

  • Blanket insurance policy means a group policy covering a defined class of

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.