Policy Payment definition

Policy Payment. With respect to any Distribution Date, the amount, if any, paid under the Certificate Insurance Policy for such Distribution Date.
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Policy Payment means a payment by Ambac pursuant to the terms and conditions of the Policy.
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Policy Payment means any payment by FGIC pursuant to the terms of the Policy.
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Examples of Policy Payment in a sentence

  • Funds held in the Policy Payment Account shall not be invested by the Trustee.

  • To the extent that Company's purchase of, or payment of premiums with respect to, such policy or policies results in compensation income to Executive, Company shall pay to Executive an additional payment (the "Policy Payment") in an amount such that after payment by Executive of all taxes imposed on Executive with respect to the Policy Payment, Executive retains an amount of the Policy Payment equal to the taxes imposed upon Executive with respect to such purchase or the payment of such premiums.

  • Any funds remaining in the Policy Payment Account on the first Business Day following a Distribution Date shall be returned to the Certificate Insurer pursuant to the written instructions of the Certificate Insurer by the end of such Business Day.

  • Any funds remaining in the Policy Payment Account on the first Business Day following a Payment Date shall be returned to the Insurer pursuant to the written instructions of the Insurer by the end of such Business Day.

  • Applicants must sign that they have read and are in agreement with the Doctrinal Statement and will uphold it, and that they will abide by the Biblical Code of Conduct, Academic Code of Honor, Drug and Alcohol Policy, Payment Policy, and all other academic and financial policies.

  • Upon the payment of any Insurance Policy Payment Amount in accordance with the terms of the Insurance Policy, the Insurer shall be fully subrogated to the rights of the Noteholders to receive the amount so paid and shall be deemed to be a Noteholder with respect thereto.

  • Remuneration Policy: Payment of remuneration to the Whole time Director is as per the terms of his appointment.

  • On each Payment Date, pursuant to Section 7.02(b) hereof, such amounts will be transferred from the Policy Payment Account to the Note Account and the Indenture Trustee shall distribute such Insured Payments, or the proceeds thereof in accordance with Section 3.03(b), to the Owners of such Notes.

  • Payment will usually be made within seven days of the date we receive proper loan request, subject to the Policy Payment section of the General Provisions of this Policy.

  • Please see Policy: Payment for Community Mental Health and Addictive Diseases Services located in Part IV of this Provider Manual.


More Definitions of Policy Payment

Policy Payment has the meaning given in Section 4.1(a) of the Insurance and Reimbursement Agreement.
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Policy Payment means “damages”, “regulatory fines”, “claim expenses”, “loss”, “business interruption loss”, “breach mitigation expense”, “PCI assessments”, or “social engineering loss”.
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Policy Payment means any payment by Financial Guaranty pursuant to the terms of the Policy.
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Related to Policy Payment

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Required Surety Payment With respect to any Additional Collateral Loan that becomes a Liquidated Mortgage Loan, the lesser of (i) the principal portion of the Realized Loss with respect to such Mortgage Loan and (ii) the excess, if any, of (a) the amount of Additional Collateral required at origination with respect to such Mortgage Loan over (b) the net proceeds realized by the Subservicer from the related Additional Collateral.

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

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Untimely payment means a payment to a subcontractor that is more than 90 days past due under the terms and conditions of a subcontract for supplies and services for which the Government has paid the prime contractor.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Reimbursement insurance policy means a policy of insurance

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Delta Payment means as it is described in this Agreement.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Policy Provider means MBIA Insurance Corporation, or any successor thereto.

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.