, Financial Guaranty Insurance Company. ("FGIC"), Financial Security Assurance ("FSA"), Municipal Bond Insurance Association ("MBIA") and/or Municipal Bond Investors Assurance Corporation ("MBIAC"). [Signatures and acknowledgments on separate pages]
, Financial Guaranty Insurance Company means an insurer[:
, Financial Guaranty Insurance Company. (the "Insurer") has issued a surety bond containing the following provisions with respect to the Series JJ Notes, such surety bond being on file at the principal corporate trust office of Trustee, as paying agent for the Series JJ Notes (the "Paying Agent"): The Insurer hereby unconditionally and irrevocably agrees to pay for disbursement to the Holders that portion of the principal of and interest on the Series JJ Notes which is then Due for Payment and which the Company shall have failed to provide. Due for Payment means, with respect to principal, the stated maturity thereof, and does not refer to any earlier date on which the payment of principal of the Series JJ Notes is due by reason of call for redemption, acceleration or other advancement of maturity and means, with respect to interest, the stated date for payment of such interest. Upon receipt of telephonic or telegraphic notice, subsequently confirmed in writing, or written notice by registered or certified mail, from a Holder or the Paying Agent to the Insurer that the required payment of principal or interest has not been made by the Company to the Paying Agent, the Insurer on the due date of such payment or within one Business Day (as defined in the surety bond) after receipt of notice of such nonpayment, whichever is later, will make a deposit of funds, in an account with U.S. Bank Trust National Association, or its successor as its agent (the "Fiscal Agent"), sufficient to make the portion of such payment not paid by the Company. Upon presentation to the Fiscal Agent of evidence satisfactory to it of the Holder's right to receive such payment and any appropriate instruments of assignment required to vest all of such Holder's right to such payment in the Insurer, the Fiscal Agent will disburse such amount to the Holder.
Examples of , Financial Guaranty Insurance Company in a sentence
Financial Guaranty Insurance Company and Subsidiaries Notes to Consolidated Financial Statements (continued) (Dollars in thousands, except per share amounts) 3.
Financial Guaranty Insurance Company and Subsidiaries Notes to Consolidated Financial Statements (continued) (Dollars in thousands, except per share amounts) 5.
Financial Guaranty Insurance Company and Subsidiaries Notes to Consolidated Financial Statements (continued) (Dollars in thousands, except per share amounts) 4.
Financial Guaranty Insurance Company (the "Company") is a wholly-owned insurance subsidiary of FGIC Corporation (the "Parent").
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Financial Guaranty Insurance Company as of December 31, 2002 and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2002 in conformity with accounting principles generally accepted in the United States of America.
More Definitions of , Financial Guaranty Insurance Company
, Financial Guaranty Insurance Company has issued a certificate guaranty surety bond with respect to the Class A Certificates, a copy of which is attached as Exhibit I to the Agreement. As provided in the Agreement, deposits and withdrawals from the Collection Account and the Insurance Account may be made by the Trustee from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of certain expenses incurred by the Servicer and investment in Permitted Instruments. Subject to certain restrictions, the Agreement permits the amendment thereof with respect to certain modifications (a) by the Servicer and the Trustee without the consent of the Cer tificateholders, and (b) by the Depositors, the Representative, the Servicer, the Trustee, the Majority in Voting Interest (as defined in the Agreement) and the holders of a majority of the Percentage Interest in the Class R Certificates. The Agreement permits the Majority in Voting Interest to waive, on behalf of all Certificateholders, any default by the Servicer in the performance of its obligations under the Agreement and its consequences, except in a default in making any required distri bution on a Certificate. Any such consent or waiver by the Majority in Voting Interest shall be conclusive and binding on the holder of this Certificate and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange hereof or in lieu hereof whether or not notation of such consent is made upon this Certificate. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies maintained by the Trustee in New York, New York or
, Financial Guaranty Insurance Company. FGIC"), Capital Markets Assurance Corporation ("CapMAC"), Financial Security Assurance Inc. ("FSA"), GE Mortgage Insurance Company ("GEMICO") or AMBAC Indemnity Corporation ("AMBAC").
, Financial Guaranty Insurance Company. (the "Insurer") has issued and delivered a financial guaranty insurance policy for the Notes, dated the Closing Date (the "Policy"), pursuant to which the Insurer guarantees the Insured Payments (as defined below). As an inducement to the Insurer to issue and deliver the Policy, the Issuer and the Insurer have executed and delivered the Insurance and Indemnity Agreement, dated as of December 18, 2000 (as amended from time to time, the "Insurance Agreement"), among the Insurer, the Issuer, GreenPoint Mortgage Funding, Inc., GreenPoint Mortgage Securities Inc. and the Indenture Trustee. As an additional inducement to the Insurer to issue the Policy, and as security for the performance by the Issuer of the Insurer Issuer Secured Obligations and as security for the performance by the Issuer of the Indenture Trustee Issuer Secured Obligations, the Issuer has agreed to grant and assign the Collateral (as defined below) to the Indenture Trustee for the benefit of the Issuer Secured Parties, as their respective interests may appear.
, Financial Guaranty Insurance Company. (the "Insurer") has issued and delivered a financial guaranty insurance policy for the Class A Notes, dated the Closing Date (the "Policy"), pursuant to which the Insurer guarantees the Insured Amount (as defined in the Policy). As an inducement to the Insurer to issue and deliver the Policy, the Issuer and the Insurer have executed and delivered the Insurance and Indemnity Agreement, dated as of March 31, 2006 (as amended from time to time, the "Insurance Agreement"), among the Insurer, the Issuer, IndyMac ABS, Inc., IndyMac Bank, F.S.B., and the Indenture Trustee. GRANTING CLAUSE Each of the Issuer and the Owner Trustee hereby Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Holders of the Notes and the Insurer, all of the Issuer's right, title and interest, whether now owned or hereafter acquired, in and to: (i) the Trust Fund (as defined in the Sale and Servicing Agreement); (ii) the Issuer's rights and benefits but none of its obligations under the Sale and Servicing Agreement (including the Issuer's right to cause the Depositor to repurchase Mortgage Loans from the Issuer under the circumstances described therein); (iii) the Issuer's rights and benefits but none of its obligations under the Administration Agreement; (iv) the Issuer's rights and benefits but none of its obligations under the Mortgage Loan Purchase Agreement (including the Issuer's right to cause the Seller to repurchase Mortgage Loans from the Issuer under the circumstances described therein); (v) the Accounts, all amounts, security entitlements and other property in the Trust Accounts from time to time; (vi) all other property of the Issuer from time to time; and (vii) all present and future claims, demands, causes of action and choses in action in respect of any or all of the foregoing and all payments on or under and all proceeds of every kind and nature whatsoever in respect of any or all of the foregoing, including all proceeds of the conversion thereof, voluntary or involuntary, into cash or other liquid property, all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, insurance proceeds, condemnation awards, rights to payment of any and every kind and other forms of obligations and receivables, instruments and other property which at any time constitute all or part of or are included in the proceeds of any of the foregoing (collectively, the "Collateral"). The foregoin...
, Financial Guaranty Insurance Company. Financial Guaranty") has issued a policy containing the following provisions with respect to the Bonds, such policy being on file at the applicable Principal Corporate Trust Office of Citibank, N.A., as paying agent (the "Paying Agent"): Financial Guaranty hereby unconditionally and irrevocably agrees to pay for disbursement to the Bondholders that portion of the principal of and interest on the Bonds which is then due for payment and which the Authority shall have failed to provide. Due for payment means, with respect to principal, the stated maturity date thereof, and the date on which the Bonds shall have been duly called for mandatory redemption as a result of the interest on the Bonds having been determined to have become subject to federal income taxation, and does not refer to any earlier date on which the payment of principal of the Bonds is due by reason of call for redemption, acceleration or other advancement of maturity, and with respect to interest, the stated date for payment of such interest. Upon receipt of telephonic or telegraphic notice, subsequently confirmed in writing, or written notice by registered or certified mail, from a Bondholder or the Paying Agent to Financial Guaranty that the required payment of principal or interest (as applicable) has not been made by the Authority to the Paying Agent, Financial Guaranty on the due date of such payment or within one business day after receipt of notice of such nonpayment, whichever is later, will make a deposit of funds, in an account with U.S. Bank Trust National Association, or its successor as its agent (the "Fiscal Agent"), sufficient to make the portion of such payment not paid by the Authority. Upon presentation to the Fiscal Agent of evidence satisfactory to it of the Bondholder's right to receive such payment and any appropriate instruments of assignment required to vest all of such Bondholder's right to such payment in Financial Guaranty, the Fiscal Agent will disburse such amount to the Bondholder.
, Financial Guaranty Insurance Company. (the "Note Insurer"), in consideration of the payment of the premium and subject to the terms of the financial guaranty insurance policy (the "Note Insurance Policy") issued thereby, has unconditionally and irrevocably guaranteed the payment of the Insured Payment with respect to each Payment Date. The Note Insurance Policy will not cover any Available Funds Cap Carry-Forward Amount. All principal and interest accrued on the Notes, if not previously paid, will become finally due and payable at the Final Scheduled Payment Date. The Notes are subject to redemption in whole, but not in part, by the Servicer on any Payment Date on which the aggregate Principal Balance of the Mortgage Loans is less than or equal to 5% of (i) the aggregate Principal Balance of the Group 1 Mortgage Loans as of the Cut-off Date and (ii) the amount on deposit in the Group 1 Pre-Funding Account on the Closing Date. The Issuer shall not be liable upon the indebtedness evidenced by the Notes except to the extent of amounts available from the Trust Estate which constitutes security for the payment of the
, Financial Guaranty Insurance Company means an insurer that derives at least 90% of its gross written premium from the business of financial guaranty insurance and financial guaranty reinsurance.