Perfected Claim definition

Perfected Claim means a Claim received by the Company which contains all information or proof required by the Company and for which all requirements of this Policy applicable to payment of a Claim are satisfied.
View Source
Perfected Claim means a Claim which includes: (i) the Required Claim Documents; and (ii) any additional documents included in the Loan Origination File and/or the Loan Servicing File that we timely requested pursuant to Section 7.02(c).
View Source
Perfected Claim means a Claim that is perfected pursuant to Section 10(a)(ii), Section 10(b)(i), or Section 10(c)(i) or Section 10(c)(ii), as applicable.
View Source

Examples of Perfected Claim in a sentence

  • Perfected Claim ........................................................

  • The Company must either pay the amount of applicable Loss (including any additional applicable interest as computed above) or deny the Claim in its entirety within (a) one hundred twenty (120) days after expiration of the Settlement Period, or (b) if the Settlement Period has not expired, no later than one hundred eighty (180) days after filing of the Perfected Claim.

  • No suit or action on a Claim or Insurance Benefit may be brought against the Company until sixty (60) days have elapsed from the later of the date that the Insured is notified that Claim is perfected or from the date the Claim is deemed to be a Perfected Claim, unless the subject matter of the suit or action is whether a Perfected Claim has been filed.

  • If the Insured fails to file a Perfected Claim within one hundred eighty (180) days after the filing of the Claim, the Insured will no longer be entitled to payment of a Loss and the Company will not be obligated to make any payment under this Policy.

  • If in processing a Perfected Claim, MGIC determines that such Claim is subject to a Coverage Rescission, MGIC shall hold the Claim as a Pending Rescission.

  • The documents that Radian may request the Insureds to provide in order to establish a Future Legacy Claim as a Perfected Claim shall be limited to those documents identified in Exhibit B to the Letter Agreement.

  • On or after the applicable Other Implementation Date, MGIC may request, and Servicer and CHL shall use reasonable efforts to provide, the documents set forth on Exhibit C with respect to Covered Loans; provided that unless such documents are also set forth on Exhibit B, Servicer’s or CHL’s failure to provide any document set forth on Exhibit C in response to a request by MGIC pursuant to this Section 10(d) shall not affect the determination of whether a Claim is a Perfected Claim.

  • The documents that Radian may request the Insureds to provide in order to establish a Future Servicing Only Claim as a Perfected Claim shall be as set forth in Exhibit B to the Letter Agreement.

  • On or after the Initial Implementation Date, MGIC may request, and Bank of America shall use reasonable efforts to provide, the documents set forth on Exhibit C with respect to Covered Loans; provided that unless such documents are also set forth on Exhibit B, Bank of America’s failure to provide any document set forth on Exhibit C in response to a request by MGIC pursuant to this Section 10(e) shall not affect the determination of whether a Claim is a Perfected Claim.

  • For Future Legacy Claims, Radian shall pay to the GSEs, the Insureds or the current servicers of the Future Legacy Loans, as applicable in the ordinary course of business, for every Perfected Claim, the applicable Settlement Payment within the time period set forth in the applicable Master Policy.


More Definitions of Perfected Claim

Perfected Claim means a Claim that is perfected under the Master Policy, as modified by Sections 3(b) and 4(d).
View Source
Perfected Claim means a claim that a structural defect exists, which contains all information and supporting proof required by this section or any other applicable law or regulation.
View Source
Perfected Claim means a claim that a structural defect exists, which
View Source
Perfected Claim means a claim that contains all required information or
View Source

Related to Perfected Claim

  • Affected Claim means any Claim other than an Unaffected Claim;

  • Secured Claim means a Claim: (a) secured by a valid, perfected, and enforceable Lien on collateral to the extent of the value of such collateral, as determined in accordance with section 506(a) of the Bankruptcy Code or (b) subject to a valid right of setoff pursuant to section 553 of the Bankruptcy Code.

  • Allowed Secured Claim means all or that portion of a Secured Claim which is an Allowed Claim.

  • Other Priority Claim means any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VI.