Examples of Mortgage Insurance Policy in a sentence

The Master Servicer shall not, and shall not permit any Servicer (to the extent required under the related Servicing Agreement) to, cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder except in accordance with the provisions of this Agreement and the related Servicing Agreement, as applicable.
If such Primary Mortgage Insurance Policy is terminated as a result of such assumption or substitution of liability, the Servicer shall obtain a replacement Primary Mortgage Insurance Policy as provided above.
The Master Servicer shall not, and shall not knowingly permit any Servicer to, cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Certificates and is required to be kept in force hereunder except in accordance with the provisions of this Agreement and the related Servicing Agreement, as applicable.
The Servicer shall not take any action which would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Servicer would have been covered thereunder.
If such Primary Mortgage Insurance Policy is terminated as a result of such assumption or substitution of liability, the Seller shall obtain a replacement Primary Mortgage Insurance Policy as provided above.

More Definitions of Mortgage Insurance Policy

Mortgage Insurance Policy. Either of the Mortgage Insurance Policy issued by United Guaranty Mortgage Indemnity Company or the Mortgage Insurance Policy issued by Mortgage Guaranty Insurance Corporation with respect to certain Mortgage Loans identified in the Mortgage Loan Schedule.

Mortgage Insurance Policy shall not include the Certificate Insurance Policy.

Mortgage Insurance Policy means with respect to any Mortgage Loan, any primary mortgage guaranty insurance policy (including all endorsements thereto) issued by an insurance company duly qualified as such under the laws of the state in which the related mortgaged property is located, duly authorized and licensed in such state to transact the applicable insurance business and to write the insurance provided and, with respect to mortgage guaranty insurers, is an approved or eligible Freddie Mac insurer in connection with such Mortgage Loan that provides compensation to the related Mortgage Loan holder in the event of default by the obligor under such Mortgage Loan or the related security instrument, if any, or any replacement policy therefor.

Mortgage Insurance Policy means a policy that protects against losses on mortgage loans arising from default by borrowers;