PMI definition

PMI means the default insurance provided by private mortgage insurance companies.

PMI means NRG Power Marketing Inc., a Delaware corporation.

PMI means private mortgage insurance.

Examples of PMI in a sentence

• If such PMI Policy is terminated as a result of such assumption or substitution of liability, the Servicer shall obtain a replacement PMI Policy as provided above.

• The Servicer shall not take any action which would result in noncoverage under any applicable PMI Policy of any loss which, but for the actions of the Servicer would have been covered thereunder.

• All provisions of such PMI Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid.

• In connection with any assumption or substitution agreements entered into or to be entered into with respect to a Mortgage Loan, the Servicer shall promptly notify the insurer under the related PMI Policy, if any, of such assumption or substitution of liability in accordance with the terms of such PMI Policy and shall take all actions which may be required by such insurer as a condition to the continuation of coverage under such PMI Policy.

• In the event that such PMI Policy shall be terminated, the Servicer shall obtain from another Qualified Insurer a comparable replacement policy, with a total coverage equal to the remaining coverage of such terminated PMI Policy, at substantially the same fee level.

More Definitions of PMI

PMI has the meaning specified in the preamble.

PMI is defined in the Preamble to this Agreement.

PMI means PMI Mezzanine Fund, L.P.

PMI means Prosper Marketplace, Inc., a Delaware corporation.

PMI. PMI Mortgage Insurance Co., or any successor thereto.

PMI means P.M.I. Comercio Internacional, S.A. de C.V., a corporation --- organized under the laws of Mexico.

PMI means any private mortgage insurance company which is acceptable to Lender, in its sole discretion; provided that at any time by written notice to Company, Lender may disapprove any PMI because it has determined in its sole discretion and for any reason that it is no longer comfortable with that Person being a PMI, whether or not that Person has been previously approved as a PMI by Lender. Upon receipt of such notice, the Persons named in Lender's notice shall no longer be PMIs from and after the date of receipt of such notice.