Note Insurance Policy definition

Note Insurance Policy. The bond guaranty insurance policy number 21885, issued by the Note Insurer to the Indenture Trustee for the benefit of the Noteholders.

Note Insurance Policy means the financial guaranty insurance policy issued by the Note Insurer for the benefit of the Noteholders.

Note Insurance Policy means the Note Guaranty Insurance Policy dated the Closing Date issued by the Note Insurer with respect to the Notes.

Examples of Note Insurance Policy in a sentence

• Anything herein to the contrary notwithstanding, any payment with respect to principal of or interest on the Notes which is made with moneys received pursuant to the terms of the Note Insurance Policy shall not be considered payment of the Notes from the Trust Estate.

• The Indenture Trustee agrees that it will hold the Note Insurance Policy in trust and that it will hold any proceeds of any claim upon the Note Insurance Policy, solely for the use and benefit of the Noteholders in accordance with the terms hereof and the Note Insurance Policy.

• Nothing in the foregoing sentence, nor any action taken pursuant thereto or in compliance therewith, shall be deemed to have released the Note Insurer from any obligation or liability it may have to any party or to the Noteholders hereunder, under any other agreement, instrument or document (including, without limitation, the Note Insurance Policy) or under applicable law.

• The Notes will be insured by the Note Insurance Policy pursuant to the terms set forth therein, notwithstanding any provisions to the contrary contained in this Indenture or the Sale and Servicing Agreement.

• If any such Notice is not in proper form or is otherwise insufficient for the purpose of making a claim under the Note Insurance Policy, such Notice will be deemed not to have been received for purposes of making such claim, and the Insurer will promptly so advise the Indenture Trustee in writing and the Indenture Trustee may submit an amended or corrected Notice.

More Definitions of Note Insurance Policy

Note Insurance Policy. The financial guarantee insurance policy, number 04030011, and all endorsements thereto dated the Closing Date, issued by the Note Insurer for the benefit of the Noteholders.

Note Insurance Policy. The Financial Guaranty Insurance Policy No. 50792-N, all endorsements thereto dated the Closing Date, issued by the Note Insurer for the benefit of the Noteholders.

Note Insurance Policy. The Financial Guaranty Insurance Policy (No. 29265) dated May 19, 1999, including any endorsements thereto, issued by the Note Insurer for the benefit of the Noteholders, pursuant to which the Note Insurer guarantees payment of Insured Payments.

Note Insurance Policy. The certificate guaranty insurance policy (number _____) dated _________ __, 199_ issued by the Note Insurer to the Indenture Trustee for the benefit of the Owners of the Notes.

Note Insurance Policy means MBIA Policy Number 24545.

Note Insurance Policy means the financial guaranty insurance policy (number 50763-N) dated December 30, 1998 issued by the Note Insurer to the Indenture Trustee for the benefit of the Holders of the Class A-1 Notes and Class A-2 Notes pursuant to which the Note Insurer guarantees the Scheduled Payments.

Note Insurance Policy. The Note Guaranty Insurance Policy No. [ ], dated the Closing Date, and any endorsements thereto, issued by the Note Insurer for the benefit of Holders of the Insured Notes, a copy of which is attached hereto as Exhibit A.] [Note Insurer: [ ], a stock insurance company organized and created under the laws of the State of [ ], and any successors thereto.]