Residual Policy definition

Residual Policy means any Policy, excluding any Excluded Policy, comprised in the Business:
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Residual Policy means the policy attached as Exhibit A hereto, as the same may be amended or modified from time to time by GE pursuant to Section 4.3 (it being agreed that during the period commencing on the date hereof through (but excluding) the Federal Program Integration Date, the Residual Policy shall not be applicable to any Equipment subject or proposed to be subject to any Federal Financing Contract).
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Residual Policy means GE Capital’s residual policy in effect during the Term, as the same may be amended or modified from time to time by GE Capital pursuant to Section 6(b).
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Examples of Residual Policy in a sentence

  • The parties may agree in writing to amend the terms of the Residual Policies Reassurance Arrangement, in which event the provisions of this paragraph 8 shall be deemed to be amended accordingly, provided always that such amendments shall not prejudice the interests of any policyholder of a Residual Policy.

  • If at any time before the Residual Policies Reassurance Arrangement is terminated in accordance with paragraph 8.1 all consents, orders, permissions or other requirements for the transfer or novation of a Residual Policy from the Transferor to the Transferee are obtained, such Residual Policy shall, by the Order and without any further act or instrument, be transferred to the Transferee, and shall thereafter be treated in all respects, as if it were a Transferred Policy and not a Residual Policy.

  • If all consents, orders, permissions or other requirements for the transfer or novation of a Residual Policy from the Transferor to the Transferee are obtained, such Residual Policy shall, by the Order and without any further act or instrument, be transferred to the Transferee, and shall thereafter be treated in all respects, as if it were a Transferred Policy and not a Residual Policy.

  • The ED will present the Resolution on behalf of BACWA at Bill's retirement party.F. Chlorine Residual Policy Comments and Potential Contract with EOA for Pilot Study: Ben Horenstein reported that comments on the proposed policy have been transmitted to the SWRCB with the strong suggestion that a pilot study be done.

  • In the case of premiums attributable or referable to Residual Policies the provisions of paragraphs10.1 to 10.3 shall apply to each such Residual Policy with effect from the relevant Subsequent Transfer Date as if references in those paragraphs to Transferring Policies were to such Residual Policies.

  • On and with effect from the applicable Subsequent Transfer Date, each Residual Policy, Residual Asset and Residual Liability to which that Subsequent Transfer Date relates shall be allocated in the same way as it would have been allocated in accordance with clause 4.1 had it been a Transferred Policy, Transferred Asset or Transferred Liability on the Effective Date.

  • On and with effect from the applicable Subsequent Transfer Date, each Residual Policy to which that Subsequent Transfer Date relates shall be allocated in the same way as it would have been allocated in accordance with clause15.1 had it been a Transferred Policy on the Effective Date.

  • The Transferor shall retain the right to be indemnified under any Related Reinsurance in respect of any liability arising out of a Residual Policy until the Subsequent Transfer Date in relation to that Related Reinsurance.

  • If any Residual Policy is novated to RL DAC, the Assets and Liabilities relating to such Policy shall, to the extent not previously transferred, be transferred to RL DAC and such Policy shall thereafter be dealt with by RL DAC under the provisions of this Scheme in all respects as if such Residual Policy were a Transferred Policy.

  • Liabilities arising out of any Residual Polices shall, pending their transfer to the Transferee, remain Liabilities of the Transferor but the Liabilities under each Residual Policy and any Liabilities to any third party so far as they relate to any Residual Policy shall continue to be reassured in their entirety by the Transferee under the terms of the LPTA.


More Definitions of Residual Policy

Residual Policy means any Policy, excluding any Excluded Policy, comprised inthe Business: a) which is not capable of being transferred pursuant to FSMA on the Legal Effective Date; b) in respect of which the Court has declined to order the transfer to the Transferee under section 111(1) of FSMA on the Legal Effective Date, including where further steps need to be taken following the Order before such Policy can be transferred and the Transferor and the Transferee agree that such further steps should be taken; c) which is a Guernsey Policy (to the extent that, and for so long only as, the Guernsey Scheme has not yet received the requisite court approval and become effective in accordance with its terms) or a Jersey Policy (to the extent that, and for so long only as, the Jersey Scheme has not yet received the requisite court approval and become effective in accordance with its terms); or d) which is a Sanctioned Policy (unless and until there is no longer a positive match in respect of such Policy, at which point the Policy shall transfer pursuant to clause 7.2), and any further Policy issued by the Transferor pursuant to the exercise of any right or option under a Residual Policy, but excluding any Policy that is, or that becomes, a Transferred Policy as described in clause 7.2;“Retained Business”means the business carried on by the Transferor Group other than the Transferred Business;“Retained Contract”means, in respect of each Split Transferred Contract, the Contract between the Transferor and the relevant counterparty on and with effect from the Effective Date;“Retained Part”means, in respect of each Split Transferred Contract, each part of such Contract which either: a) relates exclusively to the Retained Business in which case that part shall form part of the Retained Contract; or b) relates to both the Transferred Business and the Retained Business in which case that part shall form part of the Retained Contract;“Risk Transfer Agreement”means the risk transfer agreement between the Transferor and the Transferee dated 6 December 2017;"RUKSL"means ReAssure UK Services Limited, a company incorporated in England and Wales with registered number 07860886 and whose registered address is at Windsor House, Telford Centre, Telford, Shropshire, TF3 4NB;“Sanctioned Policy”means any HMT Sanctioned Policy and any Policy which has a positive match on a sanctions list other than Her Majesty’s Treasury’s Sanctions List, unless and until there is no longer a positive match in respe...
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Residual Policy means the policy attached as Exhibit A hereto, as the same may be amended or modified from time to time by GE pursuant to Section 2.07.
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Related to Residual Policy

  • Environmental Policy means to conserve energy, water, wood, paper and other resources, reduce waste and phase out the use of ozone depleting substances and minimise the release of greenhouse gases, volatile organic compounds and other substances damaging to health and the environment, including any written environmental policy of the Customer;

  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Insurance Affordability Program means a program that is one of the following:

  • General Special Servicer mean the Person performing the duties and obligations of special servicer with respect to the Mortgage Pool (exclusive of (A) any Serviced Loan Combination or related REO Property as to which a different Loan Combination Special Servicer has been appointed with respect thereto and (B) any Excluded Special Servicer Mortgage Loan or any related REO Property as to which an Excluded Mortgage Loan Special Servicer has been appointed with respect thereto).

  • Insurance Program or “program” shall mean a program which has been designated as a major program of PRISM under which participating members are protected against designated losses, either through joint purchase of primary or excess insurance, pooling of self-insured claims or losses, purchased insurance or any other combination as determined by the Board of Directors. The Board of Directors, the Executive Committee, or a program’s governing committee may determine applicable criteria for determining eligibility in any insurance program, as well as establishing program policies and procedures.

  • Flood Insurance Study (FIS means an examination, evaluation, and determination of flood hazards, corresponding water surface elevations (if appropriate), flood hazard risk zones, and other flood data in a community issued by the FEMA. The Flood Insurance Study report includes Flood Insurance Rate Maps (FIRMs) and Flood Boundary and Floodway Maps (FBFMs), if published.

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.

  • Servicer Policies and Practices means, with respect to the Servicer’s duties under Exhibit A to the Servicing Agreement, the policies and practices of the Servicer applicable to such duties that the Servicer follows with respect to comparable assets that it services for itself and, if applicable, others.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Special Hazard Mortgage Loan A Liquidated Mortgage Loan as to which a Special Hazard Loss has occurred.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Flood Insurance Study means the official report provided by the Federal Insurance Administration that includes flood profiles, the Flood Insurance Rate Map, the Flood Boundary and Floodway Map, and the water surface elevation of the base flood.

  • Insurance Information means the insurance information required by the Access Provider pursuant to Clause 5(b)(xi) hereof.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • High Cost Home Mortgage Loan as defined in the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 or (iv) a "High-Cost Home Loan" as defined by the Indiana High Cost Home Loan Law effective January 1, 2005.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Lender-Paid Mortgage Insurance Rate With respect to any Lender-Paid Mortgage Insurance Loan, a per annum rate equal to the percentage indicated on the Mortgage Loan Schedule under the heading "Lender-Paid Mortgage Insurance Rate."

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Fundamental Policies means the investment policies and restrictions as set forth from time to time in any Registration Statement of the Trust filed with the Commission and designated as fundamental policies therein, as they may be amended from time to time in accordance with the requirements of the 1940 Act.