UCC Insurance Policy definition

UCC Insurance Policy shall have the meaning set forth in Section 3.1.2(b) hereof.
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UCC Insurance Policy means an insurance policy issued by a title company acceptable to Lender in the form acceptable to Lender issued with respect to the Pledged Member Interests.
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UCC Insurance Policy means an UCC-9 (Eagle) title insurance policy acceptable to Lender.
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Examples of UCC Insurance Policy in a sentence

  • The UCC Insurance Policy shall be assignable with an assignment of the Loan.

  • Lender also shall have received evidence that all premiums in respect of the UCC Insurance Policy have been paid.

  • Such UCC Insurance Policy shall (i) provide coverage in the amount of the Loan, (ii) insure Lender that the Mortgages create a valid lien on the Collateral of the requisite priority, free and clear of all exceptions from coverage other than Permitted Encumbrances and standard exceptions and exclusions from coverage (as modified by the terms of any endorsements), (iii) contain such endorsements and affirmative coverages as Lender may reasonably request, and (iv) name Lender as the insured.

  • Lender also shall have received evidence that all premiums in respect of such UCC Insurance Policy have been paid (or will be paid with a portion of the Loan proceeds).

  • Lender shall have received a UCC Insurance Policy issued by a Title Company and dated as of the Closing Date acceptable to Lender.

  • Borrower shall cause to be delivered to Administrative Agent a paid UCC Insurance Policy in the amount of the Loan, and all accrued and accruing interest on the Loan, in the manner set forth in the Note, together with all endorsements requested by Administrative Agent and otherwise in form and substances acceptable to Administrative Agent in all respects.

  • Lender shall have received evidence that all premiums in respect of any UCC Insurance Policy have been paid or will be paid on the Closing Date.

  • The Third Party Buyer wishes to obtain an Eagle 9 UCC Insurance Policy issued by the Title Company (the “UCC Policy”) for the Third Party Buyer’s ownership of the Membership Interests in form and substance reasonably satisfactory to Third Party Buyer, in the full amount of the Purchase Price, containing such endorsements as Third Party Buyer may reasonably require, and insuring that the Membership Interests are owned by Buyer and are not subject to any liens, encumbrances or other adverse interests.


More Definitions of UCC Insurance Policy

UCC Insurance Policy shall be an Eagle 9 UCC Insurance Policy issued by First American Title Insurance Company in the amount of the Loan, together with all endorsements requested by Administrative Agent and otherwise in form and substances acceptable to Administrative Agent in all respects.
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Related to UCC Insurance Policy

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

  • 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.

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

  • 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.

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

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

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • 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.

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

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • 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.

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

  • 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.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.