Residual Policy definition

Residual Policy means any Policy, excluding any Excluded Policy, comprised in the Business:
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Residual Policy means the policy attached as Exhibit A hereto, as the same may be amended or modified from time to time by GE pursuant to Section 4.3 (it being agreed that during the period commencing on the date hereof through (but excluding) the Federal Program Integration Date, the Residual Policy shall not be applicable to any Equipment subject or proposed to be subject to any Federal Financing Contract).
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Residual Policy means any Policy, excluding any Excluded Policy, comprised inthe Business: a) which is not capable of being transferred pursuant to FSMA on the Legal Effective Date; b) in respect of which the Court has declined to order the transfer to the Transferee under section 111(1) of FSMA on the Legal Effective Date, including where further steps need to be taken following the Order before such Policy can be transferred and the Transferor and the Transferee agree that such further steps should be taken; c) which is a Guernsey Policy (to the extent that, and for so long only as, the Guernsey Scheme has not yet received the requisite court approval and become effective in accordance with its terms) or a Jersey Policy (to the extent that, and for so long only as, the Jersey Scheme has not yet received the requisite court approval and become effective in accordance with its terms); or d) which is a Sanctioned Policy (unless and until there is no longer a positive match in respect of such Policy, at which point the Policy shall transfer pursuant to clause 7.2), and any further Policy issued by the Transferor pursuant to the exercise of any right or option under a Residual Policy, but excluding any Policy that is, or that becomes, a Transferred Policy as described in clause 7.2;“Retained Business”means the business carried on by the Transferor Group other than the Transferred Business;“Retained Contract”means, in respect of each Split Transferred Contract, the Contract between the Transferor and the relevant counterparty on and with effect from the Effective Date;“Retained Part”means, in respect of each Split Transferred Contract, each part of such Contract which either: a) relates exclusively to the Retained Business in which case that part shall form part of the Retained Contract; or b) relates to both the Transferred Business and the Retained Business in which case that part shall form part of the Retained Contract;“Risk Transfer Agreement”means the risk transfer agreement between the Transferor and the Transferee dated 6 December 2017;"RUKSL"means ReAssure UK Services Limited, a company incorporated in England and Wales with registered number 07860886 and whose registered address is at Windsor House, Telford Centre, Telford, Shropshire, TF3 4NB;“Sanctioned Policy”means any HMT Sanctioned Policy and any Policy which has a positive match on a sanctions list other than Her Majesty’s Treasury’s Sanctions List, unless and until there is no longer a positive match in respe...
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Examples of Residual Policy in a sentence

  • The GE Rate Sheets, as in effect from time to time, shall incorporate residual values set forth in the then-current Residual Policy by Equipment type.

  • Subject to the limitations set forth in Section 2.07(b), from time to time from and after the Closing Date GE may make such changes to the Residual Policy as GE determines to be appropriate; provided that such changes are consistent with GE’s treatment of residual positions with respect to equivalent equipment under substantially similar GE Vendor Financial Services programs with independent equipment dealers or manufacturers.

  • GE RATE SHEETS; CREDIT APPROVAL POLICY; RESIDUAL POLICY.......9 4.1. GE Rate Sheets; Changes.......................................9 4.2. Credit Approval Policy; Changes..............................11 4.3. Residual Policy; Changes.....................................12 Article 5.

  • Subject to the limitations set forth in Section 4.3(b), from time to time after the date hereof, GE may make such changes to the Residual Policy as GE determines to be appropriate; provided that such changes are consistent with GE's treatment of residual positions with respect to equivalent equipment under substantially similar GE Vendor Financial Services programs with independent equipment dealers or manufacturers.

  • Subject to the limitations set forth in Section 4.3(b), from time to time after the date hereof, GE may make such changes to the Residual Policy as GE determines to be appropriate; provided that such changes are consistent with GE’s treatment of residual positions with respect to equivalent equipment under substantially similar GE Capital Solutions programs with independent equipment dealers or manufacturers.


More Definitions of Residual Policy

Residual Policy means GE Capital’s residual policy in effect during the Term, as the same may be amended or modified from time to time by GE Capital pursuant to Section 6(b).
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Residual Policy means the policy attached as Exhibit A hereto, as the same may be amended or modified from time to time by GE pursuant to Section 2.07.
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Related to Residual Policy

  • Environmental Policy means to conserve energy, water, wood, paper and other resources, reduce waste and phase out the use of ozone depleting substances and minimise the release of greenhouse gases, volatile organic compounds and other substances damaging to health and the environment, including any written environmental policy of the Customer;

  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Insurance Affordability Program means a program that is one of the following:

  • Flood Insurance Study (FIS means an examination, evaluation, and determination of flood hazards, corresponding water surface elevations (if appropriate), flood hazard risk zones, and other flood data in a community issued by the FEMA. The Flood Insurance Study report includes Flood Insurance Rate Maps (FIRMs) and Flood Boundary and Floodway Maps (FBFMs), if published.

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.

  • Servicer Policies and Practices means, with respect to the Servicer’s duties under Exhibit A to the Servicing Agreement, the policies and practices of the Servicer applicable to such duties that the Servicer follows with respect to comparable assets that it services for itself and, if applicable, others.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Flood Insurance Study means the official report provided by the Federal Insurance Administration that includes flood profiles, the Flood Insurance Rate Map, the Flood Boundary and Floodway Map, and the water surface elevation of the base flood.

  • Insurance Information means the insurance information required by the Access Provider pursuant to Clause 5(b)(xi) hereof.

  • Mortgage Loan Group Either Group I or Group II.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Fundamental Policies means the investment policies and restrictions as set forth from time to time in any Prospectus or contained in any current Registration Statement of the Trust filed with the Commission or as otherwise adopted by the Trustees and the Shareholders in accordance with the requirements of the 1940 Act and designated as fundamental policies therein as they may be amended from time to time in accordance with the requirements of the 1940 Act.

  • LPMI Policy A policy of primary mortgage guaranty insurance issued by a LPMI Insurer pursuant to which the related premium is to be paid from payments of interest made by the Mortgagor.

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

  • Mortgage Insurer means CMHC, Genworth Financial Insurance Company Canada, or any other company that insures the payment of mortgages to mortgage lenders.