Residual Value Insurance Policy definition

Residual Value Insurance Policy means Residual Value Insurance Policy number RVI 97001 issued effective October 1, 1996 by Toyota Motor Insurance Corporation of Vermont, in favor of the Titling Trust and naming TMCC as additional insured and reinsured by RVI Guaranty Co., Ltd.

Residual Value Insurance Policy means that certain Residual Value Insurance Policy number [___] issued effective November [ ], 1998 by the RV Insurer, in favor of the Servicer, the Transferor, the Indenture Trustee, the Owner Trustee, the Origination Trustee and ALF LP.

Residual Value Insurance Policy means, with respect to any CTL Loan that is also a Balloon Mortgage Loan, an insurance policy that insures the payment of the related Balloon Payment to the extent that the related Mortgaged Property cannot be sold for such amount at stated maturity because of changes in market conditions.

Examples of Residual Value Insurance Policy in a sentence

• The Servicer has made no material misrepresentations to the RV Insurer regarding any matter in the process of arranging for and negotiating the terms of the Residual Value Insurance Policy.

• Further, the Servicer shall provide each Rating Agency prior notice of the content of any proposed amendment, modification or waiver of the terms of the Residual Value Insurance Policy, whether or not such action requires the approval of any Rating Agency.

• In the event that the Master Servicer receives notice of any termination of a Lease Enhancement Policy or a Residual Value Insurance Policy, the Master Servicer shall, within three Business Days after receipt of such notice, notify the Rating Agencies and the Trustee of such termination in writing.

• Chase Manhattan Automotive Finance Corporation 000 Xxxxxxx Xxxxxx Garden City, New York 11530 Covered Policy: Residual Value Insurance Policy effective as of December 31, 2000 issued by the Company to the Original Insured, a copy of which is attached hereto as Exhibit A.

• In other words, the brain generates ideas and sends signals, which ensure that the various parts of the body function together to execute tasks and work as a whole.

More Definitions of Residual Value Insurance Policy

Residual Value Insurance Policy. A Residual Value Insurance Policy substantially in one of the forms attached hereto as Exhibit K with respect to certain of the Corporate Lease Loans and the related Mortgaged Properties issued by a Residual Value Insurer, naming the Trustee as loss payee and providing, with respect to such Mortgaged Property, in the event of failure by the Mortgagor to pay a related Balloon Payment, for payment in respect of such Corporate Lease Loan.

Residual Value Insurance Policy means Residual Value Insurance Policy number _______________ issued on _______________ by ________________, in favor of TMCC and naming the Titling Trust as additional insured.

Residual Value Insurance Policy. Additional Document Provisions" and "The Class A Interest Rate Cap", insofar as such statements purport to summarize certain terms or provisions of the SUBI, the Notes and the Transferor Certificate, the Basic Documents, the Residual Value Insurance Policy, the Contingent and Excess Liability Insurance Policies and the Class A Interest Rate Cap, provide a fair summary of such provisions, and the statements in the Prospectus under "The Origination Trust--Allocation of Origination Trust Liabilities", "Risk Factors-- Possible Effects of Consumer Protection Laws", "--Possible Liens to Satisfy ERISA Liabilities", "--Possible Liability as a Result of Lessee's Operation of Leased Vehicles" and "--Possible Effects of Insolvency or Bankruptcy of World Omni, the Transferor, Auto Lease Finance L.P. or Their General Partners, the Origination Trust or the Trust, "Additional Document Provisions", "Certain Legal Aspects of the Origination Trust and the SUBI", "Certain Legal Aspects of the Contracts and the Leased Vehicles" and "ERISA Considerations", to the extent that they constitute matters of law, summaries of legal matters, documents or proceedings or legal conclusions relating to U.S. federal law or the laws of the States of Florida, Georgia or North Carolina have been prepared or reviewed by such counsel and are correct in all material respects.

Residual Value Insurance Policy means that certain Residual Value Insurance Policy number 7180161 issued on May 1, 1995, by Agricultural Excess & Surplus Insurance Company, in favor of World Omni Financial Corp.

Residual Value Insurance Policy. With respect to any Credit Lease Loan that is also a Balloon Mortgage Loan, an insurance policy that insures the payment of the related Balloon Payment to the extent that the related Mortgaged Property cannot be sold for such amount at stated maturity because of changes in market conditions.

Residual Value Insurance Policy means Residual Value Insurance Policy number RVI 97001 issued effective October 1, 1996 by Toyota Motor Insurance Corporation of Vermont, in favor of the Titling Trust and naming the TMCC as additional insured and reinsured by RVI Guaranty Co., Ltd.

Residual Value Insurance Policy. A non-cancelable residual value insurance policy that guaranties the Balloon Payment on each insured Balloon Mortgage Loan issued by a residual value insurer.