Certificates Policy definition

Certificates Policy shall have the meaning assigned to such term in the Sale and Servicing Agreement.
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Certificates Policy means the financial guaranty insurance policy issued by the Security Insurer with respect to the Certificates, including any endorsements thereto, in the form of Exhibit E.
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Examples of Certificates Policy in a sentence

  • The Indenture Trustee shall deposit any amount paid under the Notes Policy or the Certificates Policy in the applicable Policy Payments Account and distribute such amount only to pay to Securityholders the Guaranteed Payments for which a claim has been made, and such amount may not be applied to satisfy any costs, expenses or liabilities of the Servicer, the Indenture Trustee or the Owner Trustee.

  • The Indenture Trustee shall act as agent of the Owner Trustee with respect to the Certificates Policy Payments Account and shall, unless and until otherwise instructed by the Owner Trustee, have exclusive control over the Certificates Policy Payments Account and sole right of withdrawal.

  • Such notice shall be confirmed in writing by the Indenture Trustee in the case of the Notes Policy and the Owner Trustee in the case of the Certificates Policy in the form set forth as Exhibit A to the Endorsement of the applicable Policy, to the Security Insurer and the Fiscal Agent, if any, at or before 12:00 noon, New York City time, on the second Business Day prior to such Distribution Date.

  • Following receipt by the Security Insurer of such notice in such form, the Security Insurer or the Fiscal Agent will pay any amount payable under the Notes Policy or the Certificates Policy, or both, on the later to occur of (i) 12:00 noon, New York City time, on the second Business Day following such receipt and (ii) 12:00 noon, New York City time, on the Distribution Date to which such deficiency relates, as provided in the Endorsement to the Policies.

  • Amounts paid under the Certificates Policy shall not be deposited in the Collection Account but shall be paid directly to the Certificate Distribution Account in accordance with Section 5.06 and the next succeeding paragraph.

  • The Indenture Trustee shall not be liable for any failure by the Owner Trustee to make claims in a timely manner under the Certificates Policy so long as the Indenture Trustee shall have provided timely notice to the Owner Trustee pursuant to this Section 5.07.

  • LOMBARDIA INFORMATICA S.p.A. does not assume any obligation, warranty or liability other than those arising from this AGREEMENT, from those stated in the Certification Practice Statement (CPS), in the Certificates Policy and the current law in matters.

  • The Trustee shall deposit any amount paid under the Insurance Policy into the Insured Certificates Policy Payments Account and distribute such amount only for the purposes of making payments to Holders of the Insured Certificates in respect of the Insured Payments by the Insurer pursuant to the Insurance Policy for which the related claim was made under the Policy.

  • Home Equity Loan Trust, Series 2007-SL2, Asset-Backed Pass-Through Certificates, Class A Certificates, Policy No. D-2007-161 Telephone: (▇▇▇) ▇▇▇-▇▇▇▇ Telecopier: (▇▇▇) ▇▇▇-▇▇▇▇ With a copy to the General Counsel at the above address and telecopier number.

  • For what is not expressly stated in the previous articles on activities and obligations, please refer to the Certification Practice Statement (CPS), the PKI Disclosure Statement (PDS) and the Certificates Policy of LOMBARDIA INFORMATICA S.p.A., which are an integral and substantial part of this AGREEMENT.