Definition of Policy Provider Obligations


Policy Provider Obligations means all reimbursement and other amounts, including, without limitation, fees and indemnities (to the extent not included in Policy
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Examples of Policy Provider Obligations in a sentence

The Trustees expressly agree (on behalf of themselves and the holders of Certificates) not to assert priority over the holders of Liquidity Obligations or Policy Provider Obligations (except as specifically set forth in Sections 2.4, 3.2 or 3.3) due to their status as secured creditors in any bankruptcy, insolvency or other legal proceeding.
For the avoidance of doubt, Policy Provider Obligations include reimbursement of, and interest on, the Liquidity Obligations in respect of the Class G Liquidity Facility and the Class C Liquidity Facility paid by the Policy Provider to the Liquidity Provider.
The subordination provisions contained in Section 3.09, Section 3.10 and Article X may not be amended or modified without the consent of the Policy Provider (so long as any Class G Notes remain outstanding or any Policy Provider Obligations remain due and owing), each provider of an Eligible Credit Facility, each Holder of the subclass of Notes affected thereby and each Holder of any subclass of Notes ranking senior thereto.
This Agreement shall have a term commencing on the Initial Closing Date and expiring on the later of (y) the first date on which there shall have been paid in full all amounts outstanding to be paid under the Notes and any similar obligations of the Issuer issued pursuant to any other indenture or similar agreement, including all obligations then due and payable under the Indenture and all Policy Provider Obligations and (z) the Final Maturity Date.
The Trustees expressly agree (on behalf of themselves and the holders of Certificates) not to assert priority over the holders of Liquidity Obligations or Policy Provider Obligations (or other obligations due to the Policy Provider hereunder) due to their status as secured creditors in any bankruptcy, insolvency or other legal proceeding.