Standard Coverage Loan Policy definition

Standard Coverage Loan Policy means the following:
Sample 1Sample 2Sample 3

Examples of Standard Coverage Loan Policy in a sentence

  • A “Standard Coverage” means the coverage of a Standard Coverage Owner’s Policy or a Standard Coverage Loan Policy.

  • A Loan Policy covering a timeshare may be a Standard Coverage Loan Policy or an Extended Coverage Loan Policy.

  • The premium applicable to a Standard Coverage Loan Policy in sub- paragraph 6.2(A)(1) above plus an additional premium of thirty-five percent (35%) of the applicable General Schedule Rate.

  • Where a Standard Coverage Loan Policy is issued concurrently with an Extended Coverage Loan Policy insuring a second loan, the charge is calculated on an increased liability basis at the insurance rates applicable for each unit of insurance based upon the face amount of the second loan, plus an additional policy charge of $100.

  • Note that the boundaries of the salt body are not regular, while the other two boundaries were chosen to be constant vertical surfaces.

  • Standard Coverage Loan Policy The charge for a Standard Coverage ALTA 2006 loan policy is 100% of the Basic Schedule of Charges.

  • A Standard Coverage Loan Policy may be extended by endorsement to provide additional coverage as to one or more of the following matters excepted from the coverage by the Standard Coverage Exceptions in Part 1 of Schedule B of the policy.

  • If the original policy is a Standard Coverage Loan Policy and the new policy is an Extended Coverage Loan Policy, the charge is 40% of the Basic Rate.

  • A Standard Coverage Loan Policy covering a second loan issued concurrently with an Extended Coverage Loan Policy is charged for on an increased liability basis, plus $100 for the additional policy.

  • A CLTA Standard Coverage Loan Policy issued concurrently with an ALTA Loan Policy Additional Coverage, in the absence of the issuance of any owner/lessee insurance, is charged for on an increased liability basis, based upon the face amount of the Deeds of Trust, plus the additional policy charge of $100.00.

Related to Standard Coverage Loan Policy

  • 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.

  • Fraud Coverage During the period prior to the first anniversary of the Cut-Off Date, 2.00% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date (the "Initial Fraud Coverage"), reduced by Fraud Losses allocated to the Certificates since the Cut-Off Date; during the period from the first anniversary of the Cut-Off Date to (but not including) the fifth anniversary of the Cut-Off Date, the amount of the Fraud Coverage on the most recent previous anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) reduced by Fraud Losses allocated to the Certificates since such anniversary; and during the period on and after the fifth anniversary of the Cut-Off Date, zero. On each anniversary of the Cut-Off Date, the Fraud Coverage shall be reduced to the lesser of (i) on the first, second, third and fourth anniversaries of the Cut-Off Date, 1.00% of the aggregate principal balance of the Mortgage Loans as of the Due Date in the preceding month and (ii) the excess of the Initial Fraud Coverage over cumulative Fraud Losses allocated to the Certificates since the Cut-Off Date. The Fraud Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies.

  • 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.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

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

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $9,706,461, in each case reduced by Special Hazard Losses allocated to the REMIC II Regular Interests since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $9,706,461 as reduced by the Special Hazard Losses allocated to the REMIC II Regular Interests since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance 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.

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

  • Support Policy shall have the meaning given to it in the Support Terms (defined below).

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • 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.

  • Policy means Related Party Transaction Policy.

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

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • 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.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Bulk PMI Policy Not applicable.

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -

  • Valuation Policy has the meaning assigned to such term in Section 5.12(b)(ii)(B).

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • 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.

  • Reimbursement insurance policy means a policy of insurance

  • CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.