Securities Insurer Reimbursement Amount definition

Securities Insurer Reimbursement Amount. As of any Distribution Date, the sum of (x) (i) Insured Payments previously received by the Indenture Trustee and not previously repaid to the Securities Insurer pursuant to Section 5.03(c) hereof plus (ii) interest accrued on such Insured Payment not previously repaid calculated at the Late Payment Rate from the date the Indenture Trustee received such Insured Payment and (y) (i) the amount of any Premium not paid on the date due and (ii) interest on such amount at the Late Payment Rate. The Securities Insurer shall notify the Indenture Trustee and the Owner Trustee of the amount of any Securities Insurer Reimbursement Amount.
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Securities Insurer Reimbursement Amount. As of any Distribution Date, the sum of (i) Insured Payments previously received by the Indenture Trustee and not previously re-paid to the Securities Insurer pursuant to Section 5.01(c)(vi) hereof plus (ii) interest accrued on such Insured Payment not previously repaid calculated at the Late Payment Rate from the date the Indenture
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Securities Insurer Reimbursement Amount. At any time, an amount owed to the Securities Insurer for any unreimbursed Insured Payments made under the Guaranty Policy and any other amounts then owing to the Securities Insurer under the Insurance Agreement, which have not previously been reimbursed, in each case together with interest thereon at the rate specified in the Insurance Agreement.
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Examples of Securities Insurer Reimbursement Amount in a sentence

  • The rights of the Securities Insurer to direct certain actions and consent to certain actions of the Majority Noteholders hereunder will terminate at such time as the Principal Balance of Insured Securities have been reduced to zero and the Securities Insurer has been paid the Securities Insurer Reimbursement Amount in full and all other amounts owed under the Guaranty Policy and Insurance Agreement and the Securities Insurer has no further obligation under the Guaranty Policy.


More Definitions of Securities Insurer Reimbursement Amount

Securities Insurer Reimbursement Amount. At any time, an amount owed to the Securities Insurer for any unreimbursed Insured Payments made under the Guaranty Policy and any other amounts then owing to the Securities Insurer under the Insurance Agreement, which have not previously been reimbursed, in each case together with interest thereon at the rate specified in the Insurance Agreement.] Securityholder: Any Noteholder or Certificateholder. Series or Series 20 - : Home Loan Asset Backed Notes, Series 20 - . [Servicer: One or more servicers that enter into a Servicing Agreement with the Master Servicer, which initially will be , a for an interim period, and thereafter will be , a corporation.]
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Securities Insurer Reimbursement Amount. At any time, an amount owed to the Securities Insurer for any unreimbursed Insured Payments made under the Guaranty Policy and any other amounts then owing to the Securities Insurer under the Insurance Agreement, which have not previously been reimbursed, in each case together with interest on such unpaid amounts at the rate specified in the Insurance Agreement and any accrued and unpaid Guaranty Insurance Premiums. The Securities Insurer Reimbursement Amount shall be allocated among each Class of Notes as follows: (i) with respect to the portion of the Securities Insurer Reimbursement Amount comprising unreimbursed Insured Payments made under the Guaranty Policy, the Insured Payments that were paid to such Class shall be allocated to such Class, and (ii) with respect to that portion of the Securities Insurer Reimbursement Amount comprising any other amounts then owing to the Securities Insurer under the Insurance Agreement, such amount to be allocated among all the Outstanding Classes, pro rata, based on the then outstanding Note Principal Balances of such Classes. Securityholder: Any Noteholder or Certificateholder. Series or Series 1999-2: Fremont Home Loan Asset Backed Notes, Series 1999-2.
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Related to Securities Insurer Reimbursement Amount

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Reimbursement Amount As defined in Section 2.04.

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Series Invested Amount means the Initial Invested Amount.

  • Insurance Amount has the meaning set forth in Section 6.11(c).

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Workout-Delayed Reimbursement Amount has the meaning set forth in subsection (II)(i) of Section 5.2(a).

  • Reimbursement Amounts As defined in Section 3.22.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Designation Amount has the meaning given to this term in Section 4.15.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Certificateholders' Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to zero until the outstanding principal amount of each Class of Notes has been reduced to zero, and thereafter, an amount equal to the Principal Distribution Amount (as reduced by the Noteholders’ Principal Distributable Amount, if any for such Distribution Date) for such Distribution Date.

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.