Examples of VSI Insurance Policy in a sentence
As of the Closing Date and throughout the shorter of the term of the Trust or the term of the Receivable, each Receivable is and shall be covered under the VSI Insurance Policy, and such insurance policy is valid and remains in full force and effect.
Attached hereto as Appendices E and F, respectively, are true and correct copies of the endorsements to the Risk Default Insurance Policy and VSI Insurance Policy required by the Standard Terms.
The number of Receivables as to which a claim was filed under the Risk Default Policy or the VSI Insurance Policy, the amount of such claims, the number of claims rejected and the principal balance of related Receivables rejected under the Risk Default Policy for the related Collection Period and on a cumulative basis.
The amount of Liquidation Proceeds, the amount of insurance claims paid under the VSI Insurance Policy, the amount of rebates received from the Servicer as a result of cancelled warranty or extended service contracts and the amount of claims paid under consumer insurance during the related Collection Period and on a cumulative basis.
The Seller will not cancel, nor permit the cancellation of, the Risk Default Insurance Policy or VSI Insurance Policy, in each case as it relates to the Receivables.
No Receivables originated in New Jersey where cash price of the vehicle as shown on the Receivable is $10,000 or less shall require the payment by the Obligor of a premium with respect to the VSI Insurance Policy.
Each Receivable is covered under the VSI Insurance Policy and (except as indicated on the related Schedule of Receivables) the Risk Default Insurance Policy, and each such insurance policy is valid and remains in full force and effect.
Each Receivable is covered, as of the Closing Date or Funding Date when acquired, as the case may be, and throughout the shorter of the term of the Trust or the term of the Receivable, under the VSI Insurance Policy and, except as indicated on the Schedule of Receivables, under the Risk Default Insurance Policy, and each such insurance policy is valid and remains in full force and effect.
The Seller shall cause the Trustee to be identified as the named insured under the Risk Default Insurance Policy and as an additional insured, as its interests may appear, under the VSI Insurance Policy as of the Sale Date with respect to each pool of Receivables sold hereunder.
Each Receivable meets the eligibility criteria with respect to each of the Risk Default Insurance Policy and the VSI Insurance Policy, including, but not limited to, the receipt in full of the applicable down payment with respect to such Receivable and no deferment with respect to such down payment has been granted.