Swap Insurance Policy definition

Swap Insurance Policy the financial guaranty insurance policy No. SF0610BE dated April 23, 2003 with respect to the Issuer's obligations under the Swap Documents, including any endorsements thereto, issued by the Insurer to the Counterparty.
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Swap Insurance Policy means an Interest Rate Swap Insurance Policy issued by a Bond Insurer with respect to an Interest Rate Agreement for the Series of Outstanding Bonds described in such Interest Rate Agreement.
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Swap Insurance Policy means the insurance policy used by the Bond Insurer guaranteeing payments by the Issuer under the Swap Agreement.
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Examples of Swap Insurance Policy in a sentence

  • The Insurer may disclaim any of its rights and powers under this Indenture, but not its duties and obligations under the Policy or the Swap Insurance Policy, upon delivery of a written notice to the Trustee.

  • In addition, the Insurer shall cause the Policy to be issued to the Trustee for the benefit of the Noteholders and shall cause the Swap Insurance Policy to be issued.

  • For this transaction, the swap and bond maturities match and carries an Interest Rate Swap Insurance Policy by MBIA Insurance Corporation (MBIA).

  • The following provisions shall apply to any Transaction to which the Swap Insurance Policy issued by (“Insurer”), as Credit Support Provider, to the account of Party B, as principal, and for the benefit of Party A, as beneficiary (the “Swap Insurance Policy”), relates (the “Insured Transactions”).

  • The Insurer may disclaim any of its rights and powers under this Indenture, but not its duties and obligations under the Policy or the [Swap Insurance Policy], upon delivery of a written notice to the Trustee.

  • Paymentis made on a purchase once the securities have been received by the Fund.

  • As an additional inducement to the Insurer to issue the Policy and the Swap Insurance Policy, and as security for the performance by the Issuer of the Insurer Secured Obligations (as defined below) and as security for the performance by the Issuer of the Trustee Secured Obligations, the Issuer has agreed to assign the Asset Pool (as defined below) to the Trustee for the benefit of the Issuer Secured Parties, as their respective interests may appear.

  • The following provisions shall apply to any Transactions to which the Interest Rate Swap Insurance Policy issued on August 19, 1998 (the "Swap Policy") by MBIA Insurance Corporation ("MBIA"), for the account of Party B, as principal, and for the benefit of Party A, as beneficiary, relates ("Insured Transactions").

  • As an inducement to the Insurer to issue and deliver the Policy and the Swap Insurance Policy, the Issuer and the Insurer have executed and delivered the Insurance and Indemnity Agreement, dated as of October 7, 1999 (as amended from time to time, the "Insurance Agreement") among IOS Capital, Inc., IKON Receivables-1, LLC, the Issuer and the Insurer.

  • The following provisions shall apply to any Transactions to which the Interest Rate Swap Insurance Policy issued on April 30, 1998 (the "Swap Policy") by MBIA Insurance Corporation ("MBIA"), for the account of Party B, as principal, and for the benefit of Party A, as beneficiary, relates ("Insured Transactions").

Related to Swap Insurance Policy

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Blanket insurance policy means a group policy covering a defined class of

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Reimbursement insurance policy means a policy of insurance

  • Bond Insurance Policy means the municipal bond new issue insurance policy issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds.

  • 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.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • 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 Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • 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.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

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

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

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

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

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.