financial guaranty insurer definition

financial guaranty insurer. ’ means a party that is
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financial guaranty insurer. Financial Security Assurance Inc., a stock insurance company organized and created under the laws of the State of New York, and any successors thereto.
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Examples of financial guaranty insurer in a sentence

  • Without limiting the generality of the foregoing, all covenants and agreements in this Agreement that expressly confer rights upon the Financial Guaranty Insurer shall be for the benefit of and run directly to the Financial Guaranty Insurer, and the Financial Guaranty Insurer shall be entitled to rely on and enforce such covenants to the same extent as if it were a party to this Agreement.

  • The Financial Guaranty Insurer reserves the right at any time to withdraw or suspend the dissemination of the Information by the Financial Guaranty Insurer.

  • The Financial Guaranty Insurer makes no representations or warranties, expressed or implied, of any kind whatsoever with respect to the accuracy, adequacy, timeliness, completeness, merchantability or fitness for any particular purpose of any Information in any form or manner.

  • Such determination shall not be effective unless consented to in writing by the Financial Guaranty Insurer, which consent shall not be unreasonably withheld.

  • All notices, statements, reports, certificates or opinions required by this Agreement to be sent to any other party hereto or to the Certificateholders shall also be sent to the Financial Guaranty Insurer.

  • The Trust Parties waive their rights to assert any such claims against the Financial Guaranty Insurer Parties and fully and finally release the Financial Guaranty Insurer Parties from any and all such claims, demands, obligations, actions and liabilities (other than in connection with the Financial Guaranty Insurer's gross negligence or willful misconduct).

  • The Servicer shall provide in writing to the Trustee and the Financial Guaranty Insurer the information with respect to the amounts so to be paid.

  • Any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Certificateholders in respect of which such judgment has been recovered (or the Financial Guaranty Insurer in respect of any right or interest as to which the Financial Guaranty Insurer is subrogated) in accordance with the terms of this Agreement.

  • Upon any termination or appointment of a successor to the Servicer pursuant to this Article Eight, the Trustee shall give prompt written notice thereof to the Financial Guaranty Insurer and to the Certificateholders at their respective addresses appearing in the Certificate Register and to each Rating Agency.

  • The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Financial Guaranty Insurer and Certificateholders shall be subject to such reasonable requirements as the Trustee may prescribe.

Related to financial guaranty insurer

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

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

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

  • Guaranteed automobile protection insurance means insurance offered in

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • First party insurance means an insurance policy or contract in which the insurer

  • Credit property insurance means insurance:

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Guaranty association means the Iowa insurance guaranty association created in chapter 515B, the Iowa life and health insurance guaranty association created in chapter 508C, and any other similar entity either presently existing or to be created by the general assembly for the payment of claims of insolvent insurers. “Foreign guaranty association” means a similar entity presently existing in or to be created in the future by the legislature of any other state.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F unconditionally guarantying, on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.