Trust Insurance Proceeds definition

Trust Insurance Proceeds. Insurance Proceeds that (a) are applied by the Servicer to reduce the Principal Balance of the related Mortgage Loan or pay interest due on the related Mortgage Loan and (b) not applied to the restoration or repair of the related Mortgaged Property or released to the related Mortgagor in accordance with the Servicer's normal servicing procedures or the terms of the related Mortgage Loan.

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Trust Insurance Proceeds. As defined in the Servicing Agreement.

Trust Insurance Proceeds. Insurance Proceeds that (1) are applied by the Servicer to reduce the Principal Balance of the related Home Loan and (2) not applied to the restoration or repair of the related Mortgaged Property or released to the related Obligor in accordance with the Servicer's normal servicing procedures, applicable law or the terms of the related Home Loan.

Examples of Trust Insurance Proceeds in a sentence

Amounts collected by the Servicer under any such policies shall be deposited in the Collection Account or Certificate Account, as the case may be, in accordance with Section 3.02 to the extent that they constitute Net Liquidation Proceeds or Trust Insurance Proceeds.
Amounts collected by the Servicer under any such policies shall be deposited into the Collection Account in accordance with Section 2.02 to the extent that they constitute Net Liquidation Proceeds or Trust Insurance Proceeds.
Amounts collected by the Servicer under any such policies shall be credited to the Mortgage Loan Payment Record and deposited in the Certificate Account to the extent that they constitute Net Trust Liquidation Proceeds or Trust Insurance Proceeds.
Amounts collected by the Master Servicer under any such policies shall be credited to the __________ Loan Payment Record and deposited in the Certificate Account in accordance with Section 3.02(b) to the extent that they constitute Trust Liquidation Proceeds or Trust Insurance Proceeds.
As to any Home Equity Loan and any day, the Cut-off Date Trust Balance less (a) all Trust Principal Payments received and credited against the Trust Balance since the Cutoff Date and (b) any Trust Insurance Proceeds received since the Cut-off Date in respect of such Home Equity Loan.
Amounts collected by the Master Servicer under any such policies shall be deposited into the Collateral Proceeds Account in accordance with Section 2.02 to the extent that they constitute Net Liquidation Proceeds or Trust Insurance Proceeds.
Amounts collected by the Servicer under any such policies shall be deposited in the Collection Account in accordance with Section 2.02 to the extent that they constitute Net Liquidation Proceeds or Trust Insurance Proceeds.
Amounts collected by the Master Servicer under any such policies shall be credited to the Home Equity Loan Payment Record and deposited in the Lower-Tier Certificate Account in accordance with Section 3.02(b) to the extent that they constitute Trust Liquidation Proceeds or Trust Insurance Proceeds.
Amounts collected by the Servicer under any such policies shall be deposited into the Collection Account in accordance with Section 2.02 to the extent that they constitute Trust Insurance Proceeds.
Amounts collected by the Master Servicer under any such policies shall be credited to the Home Equity Loan Payment Record and deposited in the Certificate Account in accordance with Section 3.02(b) to the extent that they constitute Trust Liquidation Proceeds or Trust Insurance Proceeds.

More Definitions of Trust Insurance Proceeds

Trust Insurance Proceeds. As to any Mortgage Loan and Collection Period, ------------------------ the Trust's share of Insurance Proceeds, which share is equal to the product of (i) the Trust Percentage and (ii) Insurance Proceeds received during such Collection Period which (x) are not Liquidation Proceeds, (y) are not applied or expected to be applied to the restoration or repair of the related Mortgaged Property or released to the related Mortgagor in accordance with the normal servicing procedures of the Servicer and (z) will be applied by the Servicer in reduction of the Loan Balance of such Mortgage Loan.

Trust Insurance Proceeds. As to any Home Equity Loan and any Collection Period, the product of (a) the Trust Percentage and (b) Insurance Proceeds with respect to such Home Equity Loan received during such Collection Period.

Trust Insurance Proceeds. As to any Mortgage Loan and Collection ------------------------ Period, an amount equal to the lesser of (i) Insurance Proceeds paid to the Servicer during such Collection Period (reduced by any related expenses of the Servicer in collecting such proceeds), which (x) are not Liquidation Proceeds, (y) are not applied to the restoration or repair of the related Mortgaged Property or released to the related Mortgagor in accordance with the normal servicing procedures of the Servicer and (z) will be applied by the Servicer in reduction of the Loan Balance of such Mortgage Loan and (ii) the Trust Balance of such Mortgage Loan at the end of such Collection Period, together with accrued and unpaid interest thereon at the Net Loan Rate from the last day on which interest was paid in full on such Mortgage Loan to the end of such Collection Period.

Trust Insurance Proceeds means the first $1.2 million in insurance proceeds on

Trust Insurance Proceeds. Insurance Proceeds that are not applied to the restoration or repair of the related Mortgaged Property or released to the related Mortgagor in accordance with the Servicer's normal servicing procedures, applicable law or the terms of the related Mortgage Loan.

Trust Insurance Proceeds. As to any __________ Loan and any Collection Period, the product of (a) the Trust Percentage and (b) Insurance Proceeds with respect to such __________ Loan received during such Collection Period.