Examples of Premium Finance Borrower in a sentence
In connection with such collections, the Grantor may (and, at the Collateral Agent’s direction, will) take such action as the Grantor (or, if applicable, the Collateral Agent) may reasonably deem necessary or advisable to enforce collection or performance of the Insurance Premium Loans; provided, however, that the Collateral Agent shall have the right at any time, upon the occurrence and during the continuance of an Event of Default, to notify the Premium Finance Borrower or obligors under Exh.
United Lending is the legal and beneficial owner of 100% of the membership interests and other equity interests of the Premium Finance Borrower, and all of such membership and other equity interests have been fully paid and are owned by United Lending free and clear of all warrants, options, rights to purchase and other Adverse Claims.
United Lending will not transfer any membership or other interest in the Premium Finance Borrower without the prior written consent of the Agent.
Further, Imperial PFC shall (1) cause each institutional trustee, financial institution or Non-Corporate Trustee acting as a trustee or co-trustee of a Premium Finance Borrower to [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED.
Included in servicing fee • Provide final invoice and matured loan notice to each Premium Finance Borrower at loan maturity, per CLIENT specifications.
With regard to any Life Insurance Policy that has not been foreclosed upon, or otherwise transferred, in satisfaction of the applicable Insurance Premium Loan, the applicable Premium Finance Borrower has good and marketable title to such Life Insurance Policy, free and clear of all Liens, except Liens in favor of the Originator, the Insurance Collateral Agent or Imperial PFC.
Included in servicing fee • Provide default notice to each Premium Finance Borrower whose Insurance Premium Loan has matured and not been paid within five (5) calendar days of loan maturity, per CLIENT specifications.
In connection therewith, with regard to any Insurance Premium Loan, Imperial PFC shall use commercially reasonable efforts to enforce all remedies available to Imperial PFC under the terms of each guaranty, if any, delivered by or on behalf of a Premium Finance Borrower pursuant to the terms of such Insurance Premium Loan.
All monies held in escrow pursuant to any Escrow Agreement have been released to the relevant Insurance Provider and the relevant institutional trustee, financial institution or Non-Corporate Trustee, as applicable, acting as a trustee or co-trustee of the relevant Premium Finance Borrower.
Included in servicing fee Contract Terminations • Provide maturing loan notice to each Premium Finance Borrower within sixty (60) to seventy-five (75) calendar days of loan maturity, per CLIENT specifications.