Insurance Paying Agent definition

Insurance Paying Agent. The Bank of New York or any successor as appointed herein.
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Insurance Paying Agent means State Street Bank and Trust Company, N.A., New York, New York, or any successor thereto, as the Fiscal Agent under the Policy.
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Insurance Paying Agent. The Chase Manhattan Bank, or any successor as appointed herein.
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Examples of Insurance Paying Agent in a sentence

  • The Note Insurer shall remit or cause to be remitted to the Insurance Paying Agent the amount of the Surety Bond Payment or Insured Payment, as the case may be.

  • Upon receipt of such Surety Bond Payment or Insured Payment by the Insurance Paying Agent on behalf of the Noteholders, it shall remit such amounts to the Collateral Agent, who shall deposit such Surety Bond Payment or Insured Payment, as the case may be, in the Collection Account.

  • The Note Paying Agent shall serve as Insurance Paying Agent hereunder for so long as the Debt Service Reserve Surety Bond or the Note Insurance Policy shall remain in effect; provided, however, that the Insurance Paying Agent may be located in another jurisdiction with the written consent of the Note Insurer.

  • The Insurance Paying Agent shall act as the agent of the Note Paying Agent and shall (i) pay Surety Bond Payments and Insured Payments received from the Note Insurer as the Note Paying Agent shall direct and (ii) take such other actions with respect to the Note Insurer and the Policies as the Note Paying Agent shall direct.

  • Upon the occurrence of an Event of Default which would require the Insurer to make payments of principal of or interest on the Senior Notes of the First and Second Series in accordance with the Insurance Policy, the Paying Agent shall provide access to the books kept for the registration of transfer of Senior Notes of such First or Second Series to the Insurer, the Insurance Paying Agent or other designee of the Insurer.


More Definitions of Insurance Paying Agent

Insurance Paying Agent shall have the meaning ascribed thereto in Section 5.06 hereof.
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Insurance Paying Agent. With respect to any Pool I or Pool II Mortgage Loan, The Bank of New York or any successor as appointed herein.
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Insurance Paying Agent means State Street Bank or its successors under the Credit Facilities for the Series 2001A Notes.
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Insurance Paying Agent means State Street Bank and Trust Company, or its successor under the Bond Insurance Policy;
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Insurance Paying Agent means U.S. Bank Trust National Association, New York, New York, or any successor thereto, as the Fiscal Agent under the Policy.
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Insurance Paying Agent means U.S. Bank Trust National Association, or any successor thereto, under the Policy.
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Insurance Paying Agent. State Street Bank and Trust Company, N.A., or any successor as appointed herein. Insured Payment: (i) As of any Payment Date, any Deficiency Amount and (ii) any Preference Amount.
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