Bulk PMI Policy. Not applicable.
Bulk PMI Policy. The (i) MGIC Mortgage Guaranty Master Policy (No. 12-670-4-4089), including (a) Terms and Conditions No. 71-7135 (8/94), (ii) Endorsements No. 71-70192 (8/01) and 71-70201 (1/03) with an effective date of October 1, 2004, as modified by the Terms Letter for MGIC Mortgage Insurance Coverage or Additional Coverage dated October 1, 2004 among Xxxxxx Brothers Inc., MGIC and the Trustee and (iii) Commitment Certificates covering $462,157,969.55 aggregate principal balance of insurable Mortgage Loans.
Bulk PMI Policy. The MGIC Mortgage Guaranty Master Policy (No. 12-670-4-3364), including Terms and Conditions No. 71-7135 (8/94) and Endorsements No. 71-70192 (8/01) and No. 71-70201 (1/03) dated August 1, 2003, and the Terms Letter for MGIC Mortgage Insurance Coverage or Additional Coverage dated August 26, 2003 among Xxxxxx Brothers Inc., MGIC and the Trustee and the Commitment Certificates covering approximately $294.9 million aggregate principal balance of insurable Mortgage Loans.
Examples of Bulk PMI Policy in a sentence
The Servicer shall not take, or permit any subservicer to modify or otherwise permit an assumption of a Mortgage Loan covered by a Bulk PMI Policy or take any other action with respect to such Mortgage Loan which would result in non-coverage under the applicable Bulk PMI Policy of any loss which, but for the actions of the Servicer or subservicer, would have been covered thereunder.
The Servicer shall not take, or permit any subservicer to modify or otherwise permit an assumption of a Mortgage Loan covered by a Bulk PMI Policy or take any other action with respect to such Mortgage Loan which would result in non-coverage under the applicable PMI Policy of any loss which, but for the actions of the Servicer or subservicer, would have been covered thereunder.
The Trustee shall not take, or knowingly permit any Servicer (consistent with the applicable Servicing Agreement) to take, any action that would result in noncoverage under the Bulk PMI Policy of any loss which, but for the actions of such Trustee or such Servicer, would have been covered thereunder.
Pursuant to Section 3.10(a)(3), any amounts collected by the applicable Servicer under the Bulk PMI Policy shall be deposited in the related Collection Account, subject to withdrawal pursuant to Section 3.11.
Radian Bulk PMI Policy: Radian Master Policy, No. 22091 as modified by the related Terms Letter Agreement (ID #04-998012) dated February 26, 2004 between Radian and Xxxxxx Brothers Inc.
More Definitions of Bulk PMI Policy
Bulk PMI Policy. Either the (A)(i) the MGIC Mortgage Guaranty Master Policy (No. 12-670-4-4234), including (ii) Terms and Conditions No. 71-70282 (2/05) and Terms and Conditions No. 71-70283 (2/05), as modified by the MGIC Letter Agreement and (iii) certificates covering $466,469,061.35 aggregate principal balance of insurable Mortgage Loans, (B)(i) the PMI Mortgage Master Policy Bulk No. 2005-0347, subject to the terms and conditions of PMI Mortgage’s Bulk Primary First Lien Master Policy UW 2510.00 (9/00), including (ii) the PMI Letter Agreement covering $204,512,785.21 aggregate principal balance of insurable Mortgage Loans or (C)(i) the RMIC Mortgage Policy Form MP-1103, 8/94, including (ii) any related endorsements and (iii) the RMIC Letter Agreement covering $84,971,647.22 aggregate principal balance of insurable Mortgage Loans.
Bulk PMI Policy. The MGIC Master Mortgage Guaranty Policy (No. 12-670-4-2432) and any related endorsements, commitments and assignments covering the Mortgage Loans with Original Loan-to-Value Ratios of 60% or more as indicated on the Mortgage Loan Schedule. Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a day on which banking institutions in New York, New York or, if other than New York, the city in which the Corporate Trust Office of the Trustee is located, or the States of Maryland, Illinois or Colorado are closed, or (iii) with respect to any Servicer Remittance Date or any Servicer reporting date, the States specified in the definition of "Business Day" in the related Servicing Agreement, are authorized or obligated by law or executive order to be closed.
Bulk PMI Policy. Any of the (A)(i) the MGIC Mortgage Guaranty Select Master Policy for Multiple Loan Transactions No. 22-590-4-3775 and the MGIC Letter Agreement and (ii) Commitment Certificates covering $94,825,559.88 aggregate principal balance of insurable Mortgage Loans and (B) PMI Mortgage Master Policy No. 00000-0000-0, Bulk No. 2007-0093, subject to the terms and conditions of PMI Mortgage’s Bulk Primary First Lien Master Policy UW 2510.00 (09/00) and the PMI Letter Agreement, covering $71,814,878.28 aggregate principal balance of insurable Mortgage Loans.
Bulk PMI Policy. Any of the (A)(i) the MGIC Mortgage Guaranty Select Master Policy for Multiple Loan Transactions No. 05-02-04-4681 and the MGIC Letter Agreement dated October 31, 2006 and (ii) Commitment Certificates covering $110,237,717.20 aggregate principal balance of insurable Mortgage Loans and (B) PMI Mortgage Master Policy No. 00000-0000-0, Bulk No. 2006-0908, subject to the terms and conditions of PMI Mortgage’s Bulk Primary First Lien Master Policy UW 2510.00 (09/00) and the PMI Letter Agreement dated October 31, 2006, covering $84,816,036.00 aggregate principal balance of insurable Mortgage Loans.
Bulk PMI Policy. The PMI Mortgage Master Insurance Policy No. 00000-0000-0, Bulk No. 2005-1074, subject to the terms and conditions of the PMI Letter Agreement, covering all the Mortgage Loans.
Bulk PMI Policy. [To insert as applicable].
Bulk PMI Policy. The MGIC Master Mortgage Guaranty Policy (No. 12-670-4-2975), including any related endorsements and commitments covering the Mortgage Loans with Original Loan-to-Value Ratios of 80% or more as indicated on the Mortgage Loan Schedule. Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a day on which banking institutions in New York, New York or, if other than New York, the city in which the Corporate Trust Office of the Trustee is located, or the States of Illinois, Maryland, Minnesota or Colorado are closed, or (iii) with respect to any Servicer Remittance Date or any Servicer reporting date, the States specified in the definition of “Business Day” in the related Servicing Agreement, are authorized or obligated by law or executive order to be closed. Cap Agreement: The Interest Rate Cap Agreement, dated as of February 28, 2003, entered into between the Trustee on behalf of the Trust Fund (for the benefit of Certificateholders), in the case of the Basis Risk Cap, and on behalf of the holder of the Class X Certificate, in the case of the Class X Cap, and the Cap Provider, which agreement provides for the monthly payment, commencing in April 2003 and terminating in February 2005, by the Cap Provider specified therein, but subject to the conditions set forth therein, together with the confirmation and schedules relating thereto, in the form of Exhibit P hereto. The portion of the Cap Agreement consisting of the Class X Cap shall not be an asset of the Trust Fund, and the Trustee shall hold the Class X Cap separate and apart from the assets of the Trust Fund, solely for the benefit of the Class X Certificateholder. Cap Provider: Xxxxxx Brothers Special Financing Inc.