Policy Provider Election definition

Policy Provider Election means a notice given by MBIA when no Policy Provider Default shall have occurred and be continuing and the Policy Provider has endorsed the Policy in compliance with Section 3.7(c) of the Intercreditor Agreement, stating that MBIA elects to make payments of Deficiency Amounts as defined under the proviso to clause (iii) of the definition of Deficiency Amounts in respect of any Series G Equipment Note in lieu of applying clause (iii) (without the proviso) of the definition of Deficiency Amount, which notice shall be given to the Subordination Agent not less than five (5) days prior to the Special Distribution Date established for payment of a Deficiency Amount under clause (iii) of the definition thereof.
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Policy Provider Election has the meaning assigned to such term in Section 3.7(c).
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Examples of Policy Provider Election in a sentence

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G-1 Certificates (including by reason of a Policy Provider Election with respect to one or more Series G-1 Equipment Notes), or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G Certificates (including by reason of a Policy Provider Election with respect to one or more Series G Equipment Notes) or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G-2 Certificates (including by reason of a Policy Provider Election with respect to one or more Series G-2 Equipment Notes), or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G-1 Certificates or otherwise (including upon any Policy Provider Election with respect to a Series G-1 Equipment Note), the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G-1 Certificates (including by reason of a Policy Provider Election with respect to the Series G Equipment Note) or otherwise, the Maximum Revolving Credit Agreement Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • Unless a Policy Provider Election has been made with respect to such Equipment Note, the Subordination Agent shall promptly, but not less than 25 days prior to such Special Distribution Date, send to the Class G-1 Trustee or the Class G-2 Trustee, as applicable, and the Policy Provider a Written Notice setting forth the non-receipt of any such Special Payment and establishing such Special Distribution Date as the date for the distribution of the proceeds of such Policy Drawing.

  • Promptly following each date on which the Required Amount of the Primary Liquidity Facility is reduced as a result of a reduction in the Pool Balance with respect to the Class G Certificates (including by reason of a Policy Provider Election) or otherwise, the Stated Amount of the Primary Liquidity Facility shall automatically be reduced to an amount equal to the Required Amount with respect to the Primary Liquidity Facility (as calculated by the Subordination Agent after giving effect to such payment).

  • Unless a Policy Provider Election has been made or deemed to have been made, the Subordination Agent shall promptly, but not less than 25 days prior to such Special Distribution Date, send to the Class G Trustee and the Policy Provider a Written Notice setting forth the non-receipt of any such Special Payment and establishing such Special Distribution Date as the date for the distribution of the proceeds of such Policy Drawing.

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G-1 Certificates (including by reason of a Policy Provider Election with respect to one or more Series G-1 Equipment Notes) or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G Certificates (including by reason of a Policy Provider Election with respect to the Series G Equipment Note) or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).


More Definitions of Policy Provider Election

Policy Provider Election is defined in Section 3.6(c) of the Indenture.
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Policy Provider Election has the meaning specified in Section 3.07(c).
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Policy Provider Election means a notice given or deemed to have been given by FGIC when no Policy Provider Default shall have occurred and be continuing, whereby FGIC elects or is deemed to have elected to make payments of Deficiency Amounts as defined under the proviso to clause (iii) of the definition of Deficiency Amount in lieu of applying clause (iii) (without the proviso) of the definition of Deficiency Amount, which notice may be given to the Subordination Agent no later than the date which is ten (10) days prior to the end of the 24-month Default Period referred to under clause (iii) of the definition of Deficiency Amount, and shall be deemed to have been given on such date, unless (x) FGIC shall have affirmatively elected by notice to the Subordination Agent to not make such election on or prior to such day or (y) a Policy Provider Default shall have occurred and be continuing as of such day.Payment of amounts hereunder shall be made in immediately available funds (x) with respect to Deficiency Amounts no later than 3:00 p.m., New York City time, on the later of (a) the relevant Distribution Date and (b) the Business Day on which a Notice of Nonpayment is received by FGIC, or, if a fiscal agent shall have been appointed by FGIC and written notice of such appointment (together with pertinent address and notice information) shall have been delivered to the Beneficiary, then by such fiscal agent or any successor fiscal agent appointed by FGIC (the “
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Policy Provider Election. “Pool Balance”, “Premium”, “Primary Cash Collateral Account”, “Primary Liquidity Facility”, “Rating Agencies”, “Ratings Confirmation”, “Regular Distribution Dates”, “Replacement Primary
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Policy Provider Election means a notice given or deemed to have been given by MBIA when no Policy Provider Default shall have occurred and be continuing, whereby MBIA elects or is deemed to have elected to make payments of Deficiency Amounts as defined under the proviso to clause (iii) of the definition of Deficiency Amount in lieu of applying clause (iii) (without the proviso) of the definition of Deficiency Amount, which notice may be given to the Subordination Agent no later than the date which is ten (10) days prior to the end of the 24-month Default Period referred to under clause (iii) of the definition of Deficiency Amount, and shall be deemed to have been given on such date, unless (x) MBIA shall have affirmatively elected by notice to the Subordination Agent to not make such election on or prior to such day, (y) a Policy Provider Default shall have occurred and be continuing as of such day or (z) the Subordination Agent has received a Special Payment constituting proceeds from a Final Disposition during such Default Period.
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Related to Policy Provider Election

  • Provider election officer means an election officer who enters into a contract or

  • Enhanced Service Provider (ESP) means the provider of enhanced services, as those services are defined in 47 CFR Section 64.702.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Statewide popular election means a general election in which votes are cast for

  • Medicare Provider Agreement means an agreement entered into between CMS or other such entity administering the Medicare program on behalf of CMS, and a health care provider or supplier under which the health care provider or supplier agrees to provide services for Medicare patients in accordance with the terms of the agreement and Medicare Regulations.

  • Primary election means any regular primary election held under the election

  • Local election means a regular county election, a regular municipal election, a

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Provider agreement means the signed, written, contractual agreement between the department and the provider of services or goods.

  • Payment Election means an election pursuant to Section 5.1.

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Investment Election means an election, made in such form as the Administrative Committee may direct, pursuant to which a Participant may elect the Investment Funds in which the amounts credited to his Account will be deemed to be invested.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Regular school election means the school trustee election provided for in 20-20-105(1).

  • Provider agency means a funded organization under contract with the Children’s Board to deliver and provide social services and supports to children and families of Hillsborough County, FL.

  • Special election means an election held as authorized by Section 20A-1-203.

  • General election means an election that is held for offices that first appear on a primary election

  • Special Servicing Compensation With respect to any Serviced Mortgage Loan, Serviced Loan Combination or REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan), any of the Special Servicing Fee, the Workout Fee, and the Liquidation Fee which shall be due to the Special Servicer.

  • Servicer Employee As defined in Section 3.18.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Primary Care Provider (PCP) means a health care professional who is contracted with BCBSAZ as a PCP and generally specializes in or focuses on the following practice areas: internal medicine, family practice, general practice, pediatrics or any other classification of provider approved as a PCP by BCBSAZ. Your benefit plan does not require you to have a PCP or to have a PCP authorize specialist referrals.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.