Primary Insurer definition
Examples of Primary Insurer in a sentence
For any Mortgage Loan that is insured by a Primary Mortgage Insurance Policy, the Servicer shall inspect the related Mortgaged Property as directed by the related Primary Insurer; provided, however, that, at a minimum, in the event the Mortgage Loan becomes 60 days delinquent, the Servicer shall inspect the related Mortgaged Property prior to the 90th day of delinquency.
If the available coverage under the chosen policy is less than the admissible claim amount, the Primary Insurer shall co-ordinate with other Insurer to ensure settlement of the balance amount as per the policy contract.
The Administrative Agent on behalf of the Primary Insurer shall have received a duly completed and executed Oil Payment Note.
The reinsured may be referred to as the Original or Primary Insurer, or Direct Writing Company, or the Ceding Company.
All notices, requests, demands, consents, designations, directions, instructions, certificates, reports and other communications under, in connection with, or with respect to, this Agreement shall be sent to the Partnership, the Borrower, the Primary Insurer or the Administrative Agent as the case may be, at its address set forth below: If to the Partnership: --------------------- Port ▇▇▇▇▇▇ ▇▇▇▇▇ Company L.P. ▇▇▇▇ ▇.