Common use of The Note Guaranty Insurance Policy Clause in Contracts

The Note Guaranty Insurance Policy. (a) No later than three (3) Business Days prior to each Payment Date, the Indenture Trustee shall determine whether a Deficiency Amount (as defined in the Policy) exists. If the Indenture Trustee determines that a Deficiency Amount exists, the Indenture Trustee shall complete a notice in the form of Exhibit A to the Note Guaranty Insurance Policy (the "Notice") and submit the Notice to the Note Insurer or its agent no later than 12:00 noon, New York City time, on the second Business Day preceding such Payment Date, as a claim for an Insured Payment (as defined in the Policy) in an amount equal to such Deficiency Amount. The Indenture Trustee shall, as necessary, make a claim on the Policy in respect of Preference Amounts (as defined in the Policy) in accordance with the terms of the Policy.

The Note Guaranty Insurance Policy. (a) No later than three (3) Business Days prior to each Payment Date, the Indenture Trustee shall determine whether a Deficiency Amount (as defined in the Note Policy) exists. If the Indenture Trustee determines that a Deficiency Amount exists, the Indenture Trustee shall complete a notice in the form of Exhibit A to the Note Guaranty Insurance Policy (the "Notice") and submit the Notice to the Note Insurer or its agent no later than 12:00 noon, New York City time, on the second Business Day preceding such Payment Date, as a claim for an Insured Payment (as defined in the Note Policy) in an amount equal to such Deficiency Amount. The Indenture Trustee shall, as necessary, make a claim on the Note Policy in respect of Preference Amounts (as defined in the Note Policy) in accordance with the terms of the Note Policy.

The Note Guaranty Insurance Policy. (a) No later than three (3) Business Days prior to each Payment Date, the Indenture Trustee shall determine whether a Deficiency Amount (as defined in the Policy) exists. If the Indenture Trustee determines that a Deficiency Amount exists, the Indenture Trustee shall complete a notice in the form of Exhibit A to the Note Guaranty Insurance Policy (the "Notice") 77 and submit the Notice to the Note Insurer or its agent no later than 12:00 noon, New York City time, on the second Business Day preceding such Payment Date, as a claim for an Insured Payment (as defined in the Policy) in an amount equal to such Deficiency Amount. The Indenture Trustee shall, as necessary, make a claim on the Policy in respect of Preference Amounts (as defined in the Policy) in accordance with the terms of the Policy.