Insured Payment definition

Insured Payment means (a) as of any Distribution Date, any Deficiency Amount and (b) any Preference Amount.

Insured Payment. The sum of (i) as of any Distribution Date, any Deficiency Amount and (ii) any Preference Amount.

Insured Payment means (i) as of any Payment Date, any Deficiency Amount and (ii) any Preference Amount.

Examples of Insured Payment in a sentence

• If the Recurring Insurance option is selected on page 1 of this Certificate, the total amount of benefit payable for each claim shall not exceed 6 times the Monthly Insured Payment amount stated on this Certificate.

• In case of a Disability that persists after the Waiting Period has ended, the Insurer will pay a Disability benefit corresponding to the lesser of:▪ the Insured Amount indicated on the Application; or▪ 1% of the Insured Amount for life insurance; or▪ the amount indicated under the Maximum Benefit section of this certificate.If the Insured chooses a fixed amount, the Insurer will pay to the Bank the Insured Payment plus interest accrued since the date of death.

• The Insured also warrants that each Insured Payment at the time of its establishment constitutes a legally valid and enforceable obligation of the Buyer in the Foreign Country, subject only to the application of the bankruptcy laws of the Foreign Country.

• Sound quality can be as important as quantity when assessing the health impacts of a noise source.

• Disability Insurance:If you become disabled, the Insurer will repay your Insured Payment to the Bank.Disability insurance is not mandatory but you cannot sign up for it without life coverage.EligibilityYou can take out loan insurance if you have a consumer Loan from the Bank.Two Insureds or more can have insurance coverage for the same Loan.

More Definitions of Insured Payment

Insured Payment. Shall have the meaning set forth in the Note Insurance Policy.

Insured Payment means (i) as of any Distribution Date, any Deficiency Amount and (ii) any Preference Amount.

Insured Payment. With respect to the Insured Certificates, (i) as of any Distribution Date, any Deficiency Amount and (ii) any Preference Amount.

Insured Payment. As of any Distribution Date, (i) any Deficiency Amount and (ii) any Preference Amount.

Insured Payment has the meaning specified in the Note Insurance Policy.

Insured Payment. A Group I Insured Payment or a Group II Insured Payment.

Insured Payment. Not applicable.