ITC Insurance Policy definition

ITC Insurance Policy means the (i) the Initial ITC Insurance Policies and (ii) any other insurance policy in form and substance reasonably acceptable to the Administrative Agent and each of the excess insurance policies that reference any such insurance policy as the “Followed Policy” therein.
Sample 1Sample 2
ITC Insurance Policy means (i) the Initial ITC Insurance Policies and (ii) any other insurance policy in form and substance reasonably acceptable to the Administrative Agent and each of the excess insurance policies that reference any such insurance policy as the “Followed Policy” therein. “ITC Insurance Policy Proceeds” means any proceeds from an ITC Insurance Policy for which the Borrower or a Managing Member is a loss payee upon receipt thereof. “ITC Insurance Proceeds Account” has the meaning set forth in Section 8.2(A)(iv). “ITC Loss Indemnity” means, for a Tax Equity Fund, an indemnity from the Sponsor, Vivint Solar and/or the related Managing Member in favor of the related Tax Equity Investor or Tax Credit Purchaser for the loss of ITCs to the extent such loss results from certain events or breaches of representations, warranties or covenants specified in the applicable Project Documents. “Knowledge” means (a) as to any natural Person, the actual awareness of the fact, event or circumstance at issue, receipt of notification by proper delivery of such fact, event or circumstance, and with respect to any Person that is an officer, director or employee of the Sponsor or an Affiliate thereof, such knowledge that would reasonably be expected to be known by such Person after reasonable inquiry, and the reasonable and diligent exercise of such Person’s duties pursuant to any relevant policy of the Sponsor or an Affiliate and customary or typical solar finance industry practices (with respect to prudent institutional participants) and (b) as to any Person that is not a natural Person, the actual awareness of the fact, event or circumstance at issue by a Responsible
Sample 1
ITC Insurance Policy means a final binding Tax Insurance Policy issued by ITC Underwriting Representative in the ITC Insurance Coverage Amount to Fund XVIII Guarantor, as named insured, and Fund XVIII, as insured, in substantially the form of Exhibit N (Form of ITC Insurance Policy).
Sample 1

Examples of ITC Insurance Policy in a sentence

  • If such Tax Equity Fund is an ITC Cash Sweep Fund, an ITC Insurance Policy is in full force and effect in accordance with its terms.

  • There would be separate supervision and reporting lines between MOAMC and other associate companies of Motilal Oswal Group.

  • Each Material Project Document, each ITC Insurance Policy with respect to each Tax Equity Fund that is an ITC Cash Sweep Fund and each Tax Equity Required Consent shall be in full force and effect.

  • To the extent any proceeds of an ITC Insurance Policy that are paid to a Tax Equity Opco are distributable to a Managing Member, the Borrower shall cause such Managing Member to deposit such amounts into the Revenue Account in an amount equal to the lesser of (x) the amount of any ITC Loss Indemnity paid to the related Tax Equity Investor as a result of a Limited Step-Up Event and (y) the amount of such proceeds, and otherwise distribute any remaining amounts to or at the direction of the Borrower.

  • To the extent any proceeds of an ITC Insurance Policy are paid to a Tax Equity Opco, the Borrower shall cause the applicable Managing Member to apply such proceeds as required pursuant to the related Tax Equity Opco LLC Agreement.

  • The Borrower shall not, and shall not permit any Subsidiary to, amend or modify the ITC Insurance Policy, terminate the ITC Insurance Policy, or waive any breach under, or breach of, the ITC Insurance Policy, without the prior written consent of the Administrative Agent (acting on the instructions of the Majority Lenders).

  • Upon receipt of such Executed Withdrawal/Transfer Certificate, the Depositary Agent shall withdraw from the ITC Insurance Policy Account and transfer to the Persons identified in such Executed Withdrawal/Transfer Certificate an amount equal to the ITC Contest Costs then permitted to be paid from the ITC Insurance Policy Account.

  • The Borrower shall cause Fund XVIII Guarantor as named insured to obtain and maintain, for the benefit of Borrower as loss payee, the ITC Insurance Policy with respect to each Fund XVIII Project.

  • State National Guard forces include Army and Air National Guard serving under active duty status or Title 32.17 In 2008 the Right?” Joint Force Quarterly 40, 1st Quarter 2006, 17, http://www.ndu.edu/inss/Press/jfq_pages/edition/i40/i40.pdf (Accessed September 2012).

  • Each Lender shall have received satisfactory evidence that (i) Fund XVIII Guarantor is insured by the ITC Insurance Policy , which is fully underwritten by Qualified Insurers, with Borrower as loss payee and (ii) the non-refundable premium required to be paid to the ITC Underwriting Representative under the ITC Insurance Policy shall have been paid or shall be paid contemporaneously with the borrowing of the Loans.


More Definitions of ITC Insurance Policy

ITC Insurance Policy has the meaning assigned to such term in the Loan Agreement.
Sample 1
ITC Insurance Policy means (i) that certain Tax Insurance Policy, issued by Concord Specialty Risk, as underwriter, and the insurers named therein, dated as of June 21, 2018, and each of the excess insurance policies that reference such ITC Insurance Policy as the “Followed Policy” therein (the “Existing ITC Insurance Policy”), or (ii) such other insurance policy in form and substance reasonably acceptable to the Administrative Agent.
Sample 1
ITC Insurance Policy means a final binding Tax Insurance Policy issued by ITC Underwriting Representative in the ITC Insurance Coverage Amount to Fund XVIII Guarantor, as named insured, and Fund XVIII, as insured, in substantially the form of Exhibit N ( Form of ITC Insurance Policy ).
Sample 1

Related to ITC Insurance Policy

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

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

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • 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.

  • 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.

  • Bond Insurance Policy means the municipal bond new issue insurance policy issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Reimbursement insurance policy means a policy of insurance

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

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

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.