RVI Policy definition

RVI Policy. A non-cancelable residual value insurance policy that guaranties the Balloon Payment on each Insured Balloon Loan issued by an R.V.I.
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RVI Policy means, with respect to the Property, a residual value insurance policy in form and substance reasonably acceptable to the Lessor in an amount sufficient to enable the Lessor to achieve its desired accounting treatment.
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RVI Policy means the Residual Value Insurance issued by R.V.I. American Insurance Company.
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Examples of RVI Policy in a sentence

  • If no Event of Default exists, the excess portion of the Net Award with the prior written consent of the insurer under the RVI Policy shall be remitted to the Borrower and provided the insurer under the RVI Policy has sent Borrower and Lender written confirmation that the delivery to Borrower of such excess portion of the Net Award will not result in a reduction of the coverage under the RVI Policy.

  • If no Event of Default exists, the excess portion of the Net Award, with the prior written consent of the insured under the RVI Policy, shall be remitted to the Borrower.

  • Neither the Lessee nor the Lessee Guarantor will take any action (or fail to take any action required of it) that would cause, directly or indirectly, the RVI Policy to cease to be in full force and effect.

  • The Master Servicer will take no action which impairs the enforceability of the Lease Enhancement Policy, any RVI Policy or the Fleet Letter of Credit.

  • On or prior to the Acquisition Date, there shall have been delivered to the Indenture Trustee the RVI Policy in form and substance satisfactory to the Indenture Trustee and the Participants, together with an opinion of counsel to the RVI Provider in form and substance satisfactory to such Persons and addressing such matters as may be reasonably requested and any other documents which the Indenture Trustee may reasonably require in connection with the RVI Policy.


More Definitions of RVI Policy

RVI Policy means that certain residual value insurance policy issued by Financial Structures Limited for the benefit of the Lender.
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RVI Policy means the Residual Value Insurance Policy, effective as of June 15, 2003, among the RVI Provider, the Indenture Trustee, the Lessee and the Lessor.
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RVI Policy means, with respect to the Property, a residual value insurance policy in form and substance reasonably acceptable to the Lessor in an amount sufficient to enable the Lessor to achieve its desired accounting treatment. “S&P” shall mean Standard & Poor’s, a division of The McGraw Hill Companies Inc., and any successor thereto. “Sale Date” shall have the meaning given to such term in Section 20.3(a)
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RVI Policy means the Residual Value Insurance Policy from the RVI Provider for the benefit of the Lessor and all documents and agreements delivered pursuant thereto or in connection therewith.
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Related to RVI Policy

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • 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.

  • PMI Policy A policy of primary mortgage guaranty insurance issued by a Qualified Insurer, as required by this Agreement with respect to certain Mortgage Loans.

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • Bulk PMI Policy Not applicable.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Blanket insurance policy means a group policy covering a defined class of

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • Policy means Related Party Transaction Policy.

  • 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.

  • D&O Tail Policy has the meaning set forth in Section 5.8(c).

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Tail Policy has the meaning set forth in Section 6.18(b).

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • D&O Policies has the meaning set forth in Section 8.06.

  • 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.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • The Policy means any insurance policy held by the Landlord for the Property or the Fixtures and Fittings.

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.