United Guaranty Pool Insurance Policy definition

United Guaranty Pool Insurance Policy the United Guaranty Residential Insurance Company of North Carolina Master Policy No. GKB2050 dated March 1, 2005, issued in the name of U.S. Bank National Association, in its capacity as Trustee, as the insured for the benefit of the Trust Fund, including Endorsements Nos. GKB2047, GKB2048 and GKB2049.
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United Guaranty Pool Insurance Policy. Collectively, the (i) United Guaranty Residential Insurance Company of North Carolina Master Policy No. GCD dated November 26, 2003, issued in the name of Xxxxx Fargo Bank Minnesota, National Association, in its capacity as Trustee, as the insured for the benefit of the Trust Fund, including Endorsements No. GCD035 (11/26/03), GCD0562 (11/26/03), GCD0990 (11/26/03) and GCD0989 (11/26/03) and (ii) United Guaranty Residential Insurance Company of North Carolina Master Policy No. GCD dated November 26, 2003, issued in the name of Xxxxx Fargo Bank Minnesota, National Association, in its capacity as Trustee, as the insured for the benefit of the Trust Fund, including Endorsements No. GCD0335 (11/26/03), GCD0562 (11/26/03) and GDC0990 (11/26/03).
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Examples of United Guaranty Pool Insurance Policy in a sentence

  • Any Mortgage Loan included under the coverage of the United Guaranty Pool Insurance Policy as indicated on the Mortgage Loan Schedule.

  • As of any date of determination, the aggregate Scheduled Principal Balance of the Mortgage Loans that are included under the coverage of the United Guaranty Pool Insurance Policy.

  • The Servicer shall prepare and submit all claims eligible for submission under the United Guaranty Pool Insurance Policy in accordance with the procedures set forth in the United Guaranty Pool Insurance Policy and shall perform all obligations of the insured under the United Guaranty Pool Insurance Policy with respect to such submitted claims.

  • The Servicer shall include in its monthly remittance advice with respect to any Remittance Date provided to the Master Servicer the current amount of claims filed under the United Guaranty Pool Insurance Policy and the current amount of claims paid under the United Guaranty Pool Insurance Policy during the preceding Due Period.

  • Any claim amounts recovered under the United Guaranty Pool Insurance Policy resulting from a defaulted Mortgage Loan shall be deposited in the Custodial Account pursuant to Section 3.03(xiv).

  • The Master Servicer shall be responsible for paying the Pool Insurance Premium (as defined in the Trust Agreement) relating to the Mortgage Loans covered by the United Guaranty Pool Insurance Policy in accordance with Section 4.02 and Section 9.37 of the Trust Agreement.

  • Pursuant to Section 4.05(x), the Servicer shall withdraw from the Custodial Account and forward to United Guaranty in immediately available funds on or before 12:00 noon due on each Distribution Date (i) the United Guaranty Pool Insurance Premium Payment and (ii) promptly when due any other amount owed to United Guaranty under the United Guaranty Pool Insurance Policy.

  • Any claim amounts recovered under the United Guaranty Pool Insurance Policy resulting from a defaulted Mortgage Loan shall be deposited in the Custodial Account pursuant to Section 4.04(xiii).

  • As of any date of determination, the Original United Guaranty Pool Insurance Policy Balance as reduced by all claims paid under the United Guaranty Pool Insurance Policies up to and including such date of determination.

Related to United Guaranty Pool Insurance Policy

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

  • 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.

  • 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.

  • 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.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

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

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

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

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

  • 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.

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

  • 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.

  • Certificate Insurance Policy The Financial Guaranty Insurance Policy No. CA01172A, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Class AF-3 Certificateholders.

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

  • Reimbursement insurance policy means a policy of insurance

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

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

  • 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.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • 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.

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

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

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Fair Use Policy means the fair use policy governing the Support Services attached in Exhibit 1, as may be amended by WSP from time to time.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • 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.