Financial Guaranty Insurer Default definition

Financial Guaranty Insurer Default. The existence and continuance of any of the following:
Sample 1Sample 2Sample 3

Examples of Financial Guaranty Insurer Default in a sentence

  • Provided there does not exist a Financial Guaranty Insurer Default, the Servicer hereby acknowledges and agrees that it shall service and administer the Mortgage Loans and any REO Properties, and shall maintain the Collection Account for the benefit of the Certificateholders and for the benefit of the Financial Guaranty Insurer, and all references in this Agreement to the benefit of or actions on behalf of the Certificateholders shall be deemed to include the Financial Guaranty Insurer.

  • This Agreement shall be binding upon and inure to the benefit of the Financial Guaranty Insurer; provided that, notwithstanding the foregoing, for so long as a Financial Guaranty Insurer Default is continuing under its obligations under the Financial Guaranty Insurance Policy, the Adjustable Rate Group Certificateholders shall succeed to the Financial Guaranty Insurer's rights hereunder.

  • Provided there does not exist a Financial Guaranty Insurer Default, the Trustee shall hold the Trust and the Mortgage Files for the benefit of the Certificateholders and the Financial Guaranty Insurer and all references in this Agreement (including, without limitation, in Sections 2.01, 2.02 and 2.03) and in the Certificates to the benefit of Holders of the Certificates shall be deemed to include the Financial Guaranty Insurer.

  • Provided there does not 84 90 exist a Financial Guaranty Insurer Default, the Trustee shall hold the Trust and the Mortgage Files for the benefit of the Certificateholders and the Financial Guaranty Insurer and all references in this Agreement (including, without limitation, in Sections 2.01, 2.02 and 2.03) and in the Certificates to the benefit of Holders of the Certificates shall be deemed to include the Financial Guaranty Insurer.

  • Provided there does not exist a Financial Guaranty Insurer Default, the Servicer hereby acknowledges and agrees that it shall service and administer the Mortgage Loans and any REO Properties, and shall maintain the Collection Account for the benefit of the Bondholders and for the benefit of the Financial Guaranty Insurer, and all references in this Agreement to the benefit of or actions on behalf of the Bondholders shall be deemed to include the Financial Guaranty Insurer.

  • This Agreement shall be binding upon and inure to the benefit of the Financial Guaranty Insurer; provided that, notwithstanding the foregoing, for so long as a Financial Guaranty Insurer Default is continuing under its obligations under the Financial Guaranty Insurance Policy, the Bondholders shall succeed to the Financial Guaranty Insurer's rights hereunder.

Related to Financial Guaranty Insurer Default

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Insurer Default means the occurrence and continuance of any of the following events:

  • Acceptable Insurance Default shall have the meaning assigned to such term or analogous term in the Servicing Agreement.

  • Note Insurer Default The existence and continuance of any of the following:

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

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

  • Certificate Insurer Default The existence and continuance of any of the following:

  • 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.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

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

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

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

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.