Insured Trust definition

Insured Trust means a Trust which is comprised entirely of Pre-Insured Bonds and/or Bonds as to which such Trust has obtained Portfolio Insurance.

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Insured Trust means any separate trust created by this Indenture, each Corporate Bond contained in the portfolio of which is either a Pre-Insured Bond or guaranteed by insurance obtained by the Depositor from the Insurer.

Insured Trust means a Trust in a Fund which has obtained Insurance, as such term is defined in Section 1.01(9). The various series of Trusts with the word “Intermediate” in the title may also be referred to herein as an “Intermediate Trust” and the various series of Trusts with the words “Short Intermediate” in the title may also be referred to herein as a “Short Intermediate Trust.”

Examples of Insured Trust in a sentence

• The Self Insured Trust does not cover Resident moonlighting activities or any other professional activity not related to residency.

• Resident must qualify for professional liability insurance coverage provided by Advocate’s Self Insured Trust pursuant to Graduate Medical Education Policy: Professional Liability.

• If the Trust is an Insured Trust, the Depositor shall also consider whether any insurance that may be applicable to the Bonds cannot be relied upon to provide the principal and interest protections intended to be afforded by such insurance.

• INSURED BOARD OF REGENTS OF THE UNIVERSITY OF NEBRASKA ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ INSURER A: Self Insured Trust Agreement INSURER B: INSURER C: INSURER D: INSURER E: COVERAGES THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED.

• In addition, Schedule 1.9.1 identifies for each item of Company Registered Intellectual Property any filings or other known actions that may be necessary during the 180-day period commencing on the Closing Date in order to maintain the validity and enforceability of the registrations and applications for registration of such item of Company Intellectual Property, including without limitation the schedule of any Taxes and maintenance fees or actions falling due within such period.

• If the Trust is an Insured Trust, the Depositor shall also consider whether any insurance that may be applicable to the Securities cannot be relied upon to provide the principal and interest protections intended to be afforded by such insurance.

• With each payment of premium or installment thereof, the Trustee shall notify the Insurer of all Bonds (except for Pre-Insured Bonds) which during the expiring premium period were redeemed from or sold by the Insured Trust.

• The Depositor and Trustee will observe the procedures described in Section 5.02 with respect to the purchase of Permanent Insurance in connection with the liquidation of Securities of an Insured Trust.

• The insurance policy provides that at all times while a Security is held by an Insured Trust, the Insurer shall pay to the Trustee any amounts of principal and interest due, but not paid, by the issuer of a Security (except for Pre-Insured Securities which are not covered by Insurance).

• The Depositor and Trustee will observe the procedures described in Section 5.02 with respect to the purchase of Permanent Insurance in connection with any such sale of Securities from an Insured Trust.

More Definitions of Insured Trust

Insured Trust means a Trust in the Fund which has obtained Insurance, as such term is defined in Section 1.01(11), or which is comprised entirely of Pre-Insured Bonds, as such term is defined in Section 1.01(11). "State Trust" shall mean a Trust in the Fund, the Bonds constituting the portfolio of which are predominantly issued by issuers located in the state for which such Trust is named.

Insured Trust means a Trust in a Fund which has obtained Insurance, as such term is defined in Section 1.01(11). (11) "TRUST AGREEMENT" shall mean the Trust Agreement for the particular series of the Fund into which the Indenture is incorporated. (12) "INSURANCE" shall mean the contract or policy of insurance obtained by certain Trusts of the Fund guaranteeing the payment when due of the principal of and interest on the Corporate Bonds held pursuant and subject to this Indenture, together with the proceeds, if any, thereof payable to or received by the Trustee for the benefit of such Trusts and the Unitholders thereof except that Insurance shall not include the individual policies of insurance on the Corporate Bonds in certain trusts which policies have been obtained by the issuers of such Corporate Bonds or by the underwriters, the Depositor or others prior to the date of the Trust Agreement (the "PRE-INSURED BONDS"). (13) "INSURER" shall mean any provider of insurance obtained by a Trust and issuing the contract or policy of Insurance obtained by certain Trusts of the Fund protecting such Trusts and the Unitholders thereof against nonpayment when due of the principal of and interest on any Corporate Bond held by the Trustee as part of the Fund. (14) "UNIT" in respect of any Trust shall mean the fractional undivided interest in and ownership of the Trust equal initially to the fraction specified in "Essential Information" in the Prospectus, the numerator of which is one and the denominator of which shall be (1) increased by the number of any additional Units issued pursuant to Section 2.03 hereof and (2) decreased by the number of any such Units redeemed as provided in Section 5.02. (15) "INDENTURE" shall mean these Standard Terms and Conditions of Trust as originally executed or, if amended as hereinafter provided, as so amended, together with the Trust Agreement creating a particular series of the Fund. (16) "PROSPECTUS" shall mean the prospectus relating to the Trust Fund filed with the Securities and Exchange Commission pursuant to Rule 497(b) under the Securities Act of 1933, as amended, and dated the date of the Trust Agreement. (17) "BUSINESS DAY" shall mean any day other than a Saturday, Sunday or, in the City of New York, a legal holiday or a day on which banking institutions are authorized by law or executive order to close.