Risk Default Policy definition

Risk Default Policy means auto loan protection insurance naming the Trustee as an insured, which covers the Receivables, and which insurance is currently issued by _______________________________.
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Risk Default Policy means each insurance policy listed on Exhibit I issued by the Risk Default Insurer, which shall show Aegis Finance as named insured and the Trustee as an additional insured or pool certificate holder thereunder, including all endorsements thereto, the original of which policy and endorsements shall be delivered to the Custodian on or prior to the Closing Date.
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Risk Default Policy means the insurance policy listed on Exhibit H issued by the Risk Default Insurer to the Trustee for the benefit of the Trust as named insured thereunder, including all endorsements thereto, the original of which policy and endorsements shall be delivered to the Custodian on or prior to the Closing Date.
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Examples of Risk Default Policy in a sentence

  • No Receivable has been amended such that either the original Scheduled Payment has been decreased or the number of originally scheduled due dates has been increased except as permitted under the terms of the Risk Default Policy covering such Receivable.

  • The Seller shall provide to the Purchaser, within five (5) Business Days of receipt or distribution thereof, (A) copies of all documents received from the Risk Default Insurer contesting the eligibility of any claim made under a Risk Default Policy and (B) copies of all documents regarding the resolution of alleged ineligible claims.

  • The number of Receivables as to which a claim was filed under the Risk Default Policy or the VSI Insurance Policy, the amount of such claims, the number of claims rejected and the principal balance of related Receivables rejected under the Risk Default Policy for the related Collection Period and on a cumulative basis.

  • No Receivable has been amended such that either the original Scheduled Payment or the number of the originally scheduled due dates have been increased except as permitted under the terms of the Risk Default Policy covering such Receivable.

  • The Originator shall cause notice to be given to the insurers under the Risk Default Policy and the VSI Policy to identify the Trustee as an additional named insured, as its interest may appear, under each such policy.

  • Each Receivable provides for level monthly payments (provided that the payment in the first or last month in the life of the Receivable may be minimally different from such level payment) which fully amortize the amount financed over the original term; provided, however, that the Risk Default Policy provides that loan extensions will be allowed, subject to no more than one extension during each 12 months in the Receivable's term.

  • No Receivable has been amended such that either the original Scheduled Payment has been decreased or the number of originally scheduled due dates has been increased except as permitted under the terms of the Risk Default Policy.

  • Each Receivable provides for level monthly payments (provided that the payment in the first or last month in the life of the Receivable may be minimally different from such level payment) which fully amortize the amount financed over the original term; provided, however, that the Risk Default Policy provides that loan extensions will be allowed, subject to no more than one extension during each twelve (12) months in the Receivable's term.

  • Each Receivable constitutes an "Eligible Loan" as defined in and for purposes for the Risk Default Policy.


More Definitions of Risk Default Policy

Risk Default Policy shall have the meaning set forth in the Pooling and Servicing Agreement.
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