Note Guaranty Insurance Policy definition

Note Guaranty Insurance Policy or "Note Policy" means the Note Guaranty Insurance Policy dated the Closing Date issued by the Note Insurer with respect to the Class A Notes.
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Note Guaranty Insurance Policy means the financial guaranty insurance policy issued by Ambac insuring the payment when due of the principal of and interest on the Notes as and to the extent provided therein.
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Note Guaranty Insurance Policy shall have the meaning assigned thereto in the Sale and Servicing Agreement.
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Examples of Note Guaranty Insurance Policy in a sentence

  • On the Closing Date, the Note Insurer will issue a note guaranty insurance policy (the "Note Guaranty Insurance Policy") guaranteeing certain payments due in respect of the Class A Notes.

  • The Indenture Trustee and the Owner Trustee hereby acknowledge that the Note Guaranty Insurance Policy guarantees an amount equal to the Insured Payment (as defined therein); however no accelerated Insured Payment shall be made on any prepayment date or as a result of any acceleration on any early redemption unless at the sole option of the Note Insurer.

  • All amounts paid by the Note Insurer under the Note Guaranty Insurance Policy shall be used solely for the payment of principal of and interest on the Class A Notes in accordance with the terms of the Note Guaranty Insurance Policy.

  • No optional redemption shall be permitted without the prior written consent of the Note Insurer if it would result in a draw on the Note Guaranty Insurance Policy.

  • All certificated Notes surrendered for payment, registration of transfer, exchange or prepayment shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Guaranty Insurance Policy until the Note Insurer has received all Reimbursement Obligations.

  • The Notice for Payment shall specify the Insured Amounts and shall constitute a claim for Insured Amounts pursuant to the Note Guaranty Insurance Policy.

  • This Note Guaranty Insurance Policy shall be governed by and interpreted under the laws of the State of New York, without reference to its conflicts of law provisions.

  • Once Ambac has made payment of an Insured Amount to the Indenture Trustee, Ambac shall have no further obligation hereunder in respect of such Insured Amount.(b) Upon payment hereunder, Ambac shall be subrogated to the rights of each Noteholder and the Indenture Trustee to receive any and all amounts due under the Notes under the terms of the Indenture to the extent of any payment by Ambac under this Note Guaranty Insurance Policy or under the Insurance Agreement.

  • The Administrator shall instruct the Indenture Trustee, upon the retirement or other payment of all of the Notes, to surrender the Note Guaranty Insurance Policy to the Note Insurer for cancellation.

  • Upon receipt of Insured Amounts on behalf of the Holders of the Notes under the Note Guaranty Insurance Policy, the Indenture Trustee shall deposit such Insured Amounts in the Collection Account and shall distribute such Insured Amounts pursuant to Section 5.01.


More Definitions of Note Guaranty Insurance Policy

Note Guaranty Insurance Policy. The Note Guaranty Insurance Policy (No. 38371) with respect to the Notes and all endorsements thereto, if any, dated the Closing Date, issued by the Insurer for the benefit of the Holders of the Notes, a copy of which is attached hereto as Exhibit F.
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Note Guaranty Insurance Policy means the Note Guaranty Insurance Policy issued by the Note Insurer to the Trustee for the benefit of the Holders of the Notes dated as of the date hereof.
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Note Guaranty Insurance Policy in Exhibit A thereto (the "Insurer Information") is limited and does not purport to provide the scope of disclosure required to be included in a prospectus for a registrant under the Securities Act of 1933, in connection with the public offer and sale of securities of such registrant. Within such limited scope of disclosure, the Insurer Information does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.
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Related to Note Guaranty Insurance Policy

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

  • 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.

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

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

  • 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.

  • 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.

  • Reimbursement insurance policy means a policy of insurance

  • 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.

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

  • Credit property insurance means insurance:

  • Casualty insurance means liability insurance.