FGIC Payments definition

FGIC Payments means, for any Policy, (i) all premiums, fees or other charges, (ii) all expense reimbursements and (iii) the then-current CPP multiplied by the amount of all recoveries, reimbursements, settlements and other amounts, in each case payable to the FGIC Parties, or which the FGIC Parties otherwise have a right to receive or recover, or which would be payable to the FGIC Parties, or which the FGIC Parties would otherwise have a right to receive or recover (other than proceeds of Trust Loan Repurchase Obligations, which shall be subject to application and distribution solely in accordance with Sections 3.7(a)(iii) and 3.7(b)(iv) of the Plan), in each case at any time under the terms of or in connection with such Policy or any related Transaction Document, as if (x) the Plan, including the Policy Restructuring and Section 3.5 of the Plan, had been in effect at all times from and after the issuance of the 1310 Order and (y) FGIC had at all times paid Policy Claims in full in Cash.
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FGIC Payments means, for any Policy, (i) all Pre-Rehabilitation FGIC Premiums,
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FGIC Payments means, for any Policy, (i) all Pre-Rehabilitation FGIC Premiums, Expenses, and Recoveries, (ii) all Post-Rehabilitation FGIC Premiums and Expenses, and (iii) the then-current CPP multiplied by the amount of all Post-Rehabilitation FGIC Recoveries.
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Examples of FGIC Payments in a sentence

  • The market for their securities is enlarged as the investors all over the world become aware of such securities and have an opportunity to invest.

  • Due to the vagaries of timing of receipt of reimbursements, it is essential that FGIC account for such recoveries so that it is paying with respect to actual, net losses and not inflated claims.Accordingly, Section 1.4(A) of the Restructured Policy Terms (along with Section 3.5 of the Plan) requires policyholders (and other persons obligated to make payments to FGIC pursuant to a policy or related Transaction Documents) to turn over all FGIC Payments, for the benefit of policyholders as a whole.

  • Preliminary Analysis of FGIC Payments Not Paid to FGIC and Resulting Reductions of Cash Payments on Certain Permitted Policy Claims, filed with updated Plan Supplement on November 14, 2012 (hereinafter, the “Preliminary Analysis of FGIC Payments”).

  • The Plan Provisions Regarding Setoff Are Necessary to Provide Fair and Equitable Treatment to Policyholders A few objecting parties assert that, pursuant to Section 7427 of the NYIL and applicable common law, they have a right to offset FGIC Payments against policy claims owed by FGIC, and that the Plan cannot impair this right.21 (Deutsche Bank Obj.

  • First, within a commercially reasonable time after each CPP Adjustment, FGIC will determine, on a Policy-by-Policy basis, the amount of FGIC Payments that would have been payable to the FGIC Parties had FGIC paid all Permitted Policy Claims from and after the Effective Date based on the Adjusted CPP (the “Adjusted FGIC Payments”).

  • Third, conversely, if the Adjusted FGIC Payments for a Policy are less than the FGIC Payments that were owed to the FGIC Parties under the CPP in effect prior to the CPP Adjustment (meaning the applicable FGIC Payment Payor overpaid), FGIC will promptly notify the related Policy Payee of such FGIC Payment Excess.

  • Section 1.4(A) of the Restructured Policy Terms requires all FGIC Payment Payors to pay in Cash to the FGIC Parties all FGIC Payments that would have been payable had the Plan been in effect at all times from and after the issuance of the 1310 Order, when due, or if such FGIC Payment would have been due prior to the Effective Date, by the fifth Business Day following the Effective Date.

  • Since the definition of FGIC Payments includes all premiums, fees, other charges and expense reimbursements, and 100% of recoveries, reimbursements, settlements and other amounts (other than proceeds from Trust Loan Repurchase Obligations) with respect to Policies as to which FGIC has paid one or more Policy Claims in full prior to the 1310 Order, until FGIC is reimbursed in full for such payments, such amounts will not be affected by the adjustments described below.

  • Certain aspects of these relationships, including FGIC’s entitlements to exercise certain FGIC Rights and collect certain FGIC Payments, are specified in other related documents, generally including pooling and servicing agreements, indentures, trust agreements or servicing agreements16 (collectively, the “Transaction Documents” and, together with the insurancepolicies and the insurance and indemnity agreements, the “Governing Documents”).

  • This has an impact on the amount of VAT paid by those ‘partial final consumers’; ▪ In the same way, some Member States differently limit or exclude the deduction of VAT on some operations undertaken by operators that would normally benefit from a full deduction.

Related to FGIC Payments

  • Periodic Payments means all installments or similar recurring payments that Borrower may now or hereafter become obligated to pay to Bank pursuant to the terms and provisions of any instrument, or agreement now or hereafter in existence between Borrower and Bank.

  • Periodic Payment means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Payments has the meaning set forth in Section 8.11.

  • Termination Payments has the meaning specified in Section 10(a).

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Consolidated Rental Payments means, with reference to any period, all payments under all Operating Leases (including payments for leases which have been reserved against), net of any related income from subleases, in each case calculated for the Company and its Subsidiaries on a consolidated basis for such period.

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Withheld Amounts shall have the meaning assigned to such term in Section 3.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Contract, including any unapproved expenditures. Xxxxxxx understands and agrees that it will be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Contract. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Contract.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Amounts (As of Date of Item 2 above):

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.