Insured Obligation definition

Insured Obligation means in respect of any Policy Claim, an obligation guaranteed by the Segregated Account under or pursuant to the relevant Policy or Policies. A Policy may provide financial guaranty insurance in respect of more than one Insured Obligation, each Insured Obligation as identified by its CUSIP, if any.

Insured Obligation means "municipal obligation bonds", "special revenue bonds", "industrial development bonds" and "utility first mortgage obligations" which the Borrower is permitted to insure under the provisions of Section 6904 (b) (1) (A), (B) or (C) of the New York Insurance Law (without regard to clause (J) thereof) as in effect on the Effective Date and issued by the United States of America, a state thereof or the District of Columbia, a municipality or governmental unit or other political subdivision of the foregoing or any public agency or instrumentality, in any event to the extent that the payment of principal thereof, together with interest thereon, is insured, reinsured or otherwise guaranteed by the Borrower.

Insured Obligation. ’ means any note, bond, debenture, or other obligation issued under subsection (c) or

Examples of Insured Obligation in a sentence

• This Policy does not insure against loss of any prepayment or other acceleration payment which at any time may become due in respect of any Insured Obligation, other than at the sole option of Ambac, nor against any risk other than Nonpayment, including failure of the Trustee to make any payment due Holders of Insured Amounts.

• Such payments of principal or interest shall be made only upon presentation of an instrument of assignment in form and substance satisfactory to Ambac, transferring to Ambac all rights under such Insured Obligations to receive the principal of and interest on the Insured Obligation.

• The investments in the defeasance escrow relating to Insured Obligation shall be limited to non-callable, direct obligations of the United States of America and securities fully and unconditionally guaranteed as to the timely payment of principal and interest by the United States of America, or as otherwise maybe authorized under State law and approved by BAM.

• Plaintiff’s “pattern” argument falls apart, however, on analysis of each individual grant.

• In respect of any Insured Obligation subject to Undercollateralization, on any Bond Distribution Date on which Accretion Amounts are to be calculated, the applicable annualized interest rate that a Holder would be entitled to receive on such Bond Distribution Date for the relevant Insured Obligations in accordance with, and subject to, the terms and conditions of the relevant Transaction Documents relating to such Insured Obligations.

More Definitions of Insured Obligation

Insured Obligation means, with respect to any Policy, the "Insured ------------------ Obligation" as defined in such Policy.

Insured Obligation means (a) municipal obligation bonds, special revenue bonds and industrial development bonds issued by the United States of America, a state thereof or the District of Columbia, a municipality or governmental unit or other political subdivision of the foregoing or any public agency or instrumentality thereof, and (b) other obligations which the Majority Banks have approved in writing, in each case to the extent that the payment of principal thereof, together with interest thereon, is insured, reinsured or otherwise guaranteed by MBIA under an Insurance Contract in compliance with the applicable provisions of the New York Insurance Law.

Insured Obligation means the Notes.

Insured Obligation means the Banc of America Funding Corporation, Banc of America Funding 2005-4 Trust Mortgage Pass-Through Certificates, Series 2005-4, $14,822,000 Class A Certificates.

Insured Obligation means the Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Trust 2005-2 Mortgage Pass-Through Certificates, Series 2005-2, $16,025,000 Class 1-A-2 Certificates.

Insured Obligation means the Revolving Home Equity Loan Asset Backed Notes, Series 2005-J, Class 2-A Notes issued under the Indenture.

Insured Obligation means the MASTR Asset Securitization Trust 2005-2, Mortgage Pass-Through Certificates, Series 2005-2, $32,812,000 Class 1-A-3 Certificates.