Insured Amounts definition

Insured Amounts means, with respect to any Distribution Date, the Deficiency Amount for such Distribution Date.

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Insured Amounts means, with respect to any Payment Date, the Deficiency Amount for such Payment Date.

Insured Amounts means, with respect to any Payment Date, the Credit Enhancement Draw Amount for such Payment Date.

Examples of Insured Amounts in a sentence

• The notice shall be confirmed to the Credit Enhancer in writing in the form of the Notice of Nonpayment and Demand for Payment of Insured Amounts in Exhibit A to the Policy, by 10:00 A.M., New York City time, on the second Business Day before the Payment Date.

• The Notice shall specify the amount of Insured Amounts and shall constitute a claim for an Insured Amount pursuant to the Certificate Insurance Policy.

• The notice shall be confirmed to the Credit Enhancer in writing in the form of the Notice of Nonpayment and Demand for Payment of Insured Amounts in Exhibit A to the Policy, by 10:00 a.m., New York City time, on the second Business Day before the Payment Date.

• Insured Amounts disbursed by the Trustee from proceeds of the Policy shall not be considered payment by the Trust Fund with respect to the Class A Certificates, nor shall such disbursement of such Insured Amounts discharge the obligations of the Trust Fund with respect to the amounts thereof, and the Insurer shall become owner of such amounts to the extent covered by such Insured Amounts as the deemed assignee of such Class A Certificateholders.

• Insured Amounts disbursed by the Securities Administrator from proceeds of the Certificate Insurance Policy shall not be considered payment by the Trust Fund with respect to the Insured Certificates, nor shall such disbursement of Insured Amounts discharge the obligations of the Trust Fund with respect to the amounts thereof, and the Certificate Insurer shall become owner of such amounts to the extent covered by such Insured Amounts as the deemed assignee of such Holders.

More Definitions of Insured Amounts

Insured Amounts means, with respect to any Distribution Date, the excess, if any of the Guaranteed Distributions for such Distribution Date over the aggregate amount available to be distributed to the Holders of the Guaranteed Certificates on such Distribution Date in accordance with the priorities set forth in Section 5.02 of the Agreement

Insured Amounts. Means, with respect to any Payment Date and the Notes, the sum of (i) any Insured Interest Payment for such Payment Date and (ii) any Insured Principal Payment for such Payment Date.

Insured Amounts means, with respect to any Distribution Date, the Deficiency Amount for such Distribution Date plus any Preference Amount for such Distribution Date.

Insured Amounts means, with respect to any Payment Date and the Notes, the Deficiency Amount for such Payment Date.

Insured Amounts means, with respect to any Payment Date, the Insurance Draw Amount for such Payment Date plus any Preference Amount for such Payment Date and shall mean, with respect to the Final Payment Date, the Insurance Draw Amount for the Final Payment Date.

Insured Amounts means (1) with respect to any Distribution Date, any Deficiency Amount plus any Preference Amount and (2) with respect to the Final Scheduled Distribution Date, the Deficiency Amount for the Final Scheduled Distribution Date.

Insured Amounts. With respect to the Insured Certificates, it has the same meaning assigned to “Guaranteed Distributions” in the Policy.