Contract of Insurance Holder definition

Contract of Insurance Holder. Any FHA approved mortgagee identified as such in the Trust Agreement or any Servicing Agreement.
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Contract of Insurance Holder. JPMorgan Chase Bank, a New York banking corporation, or any successor appointed as herein provided. Notices to the Contract of Insurance Holder shall be sent to JPMorgan Chase Bank, 000 Xxxx 00xx Xxxxxx, 00xx xxxxx Xxx Xxxx, XX 00000, Attn: OMI Trust 2002-C, or its successor in interest.
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Contract of Insurance Holder. The approved mortgagee identified as the "Contract of Insurance Holder" under any Pooling and Servicing Agreement.
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Examples of Contract of Insurance Holder in a sentence

  • To the extent applicable to the duties of the Contract of Insurance Holder hereunder, the Contract of Insurance Holder shall comply with the requirements of Title I and shall take or refrain from taking such actions as are necessary or appropriate to maintain a valid Contract of Insurance for the Trust with the FHA covering the FHA Loans.

  • To the extent applicable to the duties of the Contract of Insurance Holder hereunder, the Contract of Insurance Holder shall take or refrain from taking such actions as directed by the Claims Administrator, as necessary or appropriate to maintain FHA Insurance for the FHA Assets.

  • The ARB has the authority to conduct in-use compliance testing of HDDEs to ensure compliance with the applicable emission standards throughout the engine’s useful life.

  • Upon receiving such notice of resignation, the FHA Insurance shall be transferred to a qualified successor appointed by the Master Servicer (which qualified successor must be a HUD approved mortgagee) by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Contract of Insurance Holder and one copy to the successor contract of insurance holder.

  • Any such determination permitting the resignation of the Contract of Insurance Holder shall be evidenced by an Opinion of Counsel to such effect delivered and acceptable to the Indenture Trustee and the Securities Insurer.

  • The Owner Trustee and the Co-Owner Trustee each agree that upon the occurrence and continuation of a Securities Insurer Default, the Co-Owner Trustee shall resign and the Owner Trustee shall assume the duties and obligations of the Co-Owner Trustee under the Sale and Servicing Agreement (other than its duties as Contract of Insurance Holder thereunder) and this Agreement, including without limitation, the obligations of the Co-Owner Trustee as Paying Agent pursuant to Section 3.9 hereof.

  • In addition, the Master Servicer shall establish and maintain records for the Insurance Record (which shall be part of each Servicing Record) in which the Master Servicer shall record all claims made under the Contract of Insurance, all payments received by or on behalf of the Contract of Insurance Holder from the FHA for each such claim and the amount of insurance coverage available in the Insurance Record.

  • Upon receiving such notice of resignation, the Contract of Insurance shall be transferred to a qualified successor by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Contract of Insurance Holder and one copy to the successor Contract of Insurance Holder.

  • The Depositor, the Master Servicer, the Trustee, and the Contract of Insurance Holder each agree to observe and perform such prescribed duties, responsibilities and obligations, and acknowledge that, except to the extent inconsistent with the provisions of this Agreement, the Standard Terms are and shall be a part of this Pooling and Servicing Agreement to the same extent as if set forth herein in full.

  • The contract of insurance under Title I covering the Loans held under the name First Trust of New York, National Association, or any successor thereto, as Contract of Insurance Holder hereunder.


More Definitions of Contract of Insurance Holder

Contract of Insurance Holder. The Chase Manhattan Bank, a New York ---------------------------- banking corporation, or any successor appointed as herein provided. Notices to the Contract of Insurance Holder shall be sent to The Chase Manhattan Bank, 000 Xxxx 00xx Xxxxxx, 00xx xxxxx Xxx Xxxx, XX 00000, Attn: OMI Trust 2001-D, or its successor in interest.
Sample 1
Contract of Insurance Holder. Union Planters Bank, National Association, a national banking association, or any successor appointed as herein provided. Notices to the Contract of Insurance Holder shall be sent to Union Planters Bank, National Association, 7130 Xxxxxxxx Xxxxx Xxxxxxx, Cordxxx, Xxnnessee 38018 Attn: UPMFC Trust 1999-1, or its successor in interest.
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Contract of Insurance Holder means EFC Securitized Assets, L.C.. ---------------------------- in its capacity as contract of insurance holder under the Sale and Servicing Agreement.
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Contract of Insurance Holder. The Bank of New York, a New York banking corporation, or any successor appointed as herein provided. Notices to the Contract of Insurance Holder shall be sent to The Bank of New York, 101 Xxxxxxx Xxxxxx, New York, New York 10286, Attn: UPMFC Trust 1998-1, or its successor in interest.
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Related to Contract of Insurance Holder

  • contract of insurance means an agreement between the Secretary of Education and either the Trustee or the Seller providing for the insurance by the Secretary of Education of the principal of and accrued interest on a FFELP Loan to the maximum extent permitted under the Higher Education Act.

  • Certificate of Insurance means a document showing that an insurance policy has been written and includes a statement of the coverage of the policy.

  • Assignment of Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.

  • 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.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • 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.

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about 11 June 2010 and addressed to, and capable of being relied upon by, the Finance Parties.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Required Insurances means collectively the Project Facility Insurances and the Contractor Insurances.

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

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

  • Required Insurance shall have the meaning provided in Section 9.03.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • 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.

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

  • 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.

  • R&W Insurer means AIG Specialty Insurance Company.

  • Indemnity Agreement means that certain Indemnity Agreement dated as of the Closing Date by Borrower and Indemnitor in favor of Lender.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

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

  • 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.