MBIA Reimbursement Amount definition

MBIA Reimbursement Amount means the sum of (a) the aggregate unreimbursed amount of any payments made by MBIA under the Class A-2B Policy, together with interest on such amount from the date of payment by MBIA until paid in full at a rate of interest equal to the Late Payment Rate, (b) all costs and expenses of MBIA in connection with any action, proceeding or investigation affecting the Trust Fund or the rights or obligations of MBIA under this Agreement or under the Class A-2B Policy, including any judgment or settlement entered into affecting MBIA or MBIA's interests, together with interest thereon at a rate equal to the Late Payment Rate and (c) any other amounts owed to MBIA under this Agreement or the Insurance Agreement, together with interest thereon at a rate equal to the Late Payment Rate.
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MBIA Reimbursement Amount. The amount of all Insured Payments and other payments made by MBIA pursuant to the Class A-3 Policy which have not been previously repaid, together with interest accrued at the Late Payment Rate.
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MBIA Reimbursement Amount means the sum of (a) the aggregate unreimbursed amount of any payments made by MBIA under the Policy, together with interest on such amount from the date of payment by MBIA until paid in full at a rate of interest equal to the Late Payment Rate, (b) all costs and expenses of MBIA in connection with any action, proceeding or investigation affecting the Trust Fund or the rights or obligations of MBIA under this Agreement or under the Policy, including any judgment or settlement entered into affecting MBIA or MBIA's interests, together with interest thereon at a rate equal to the Late Payment Rate and (c) any other amounts owed to MBIA under this Agreement or the Insurance Agreement, together with interest thereon at a rate equal to the Late Payment Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
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Examples of MBIA Reimbursement Amount in a sentence

  • MBIA's right to receive the MBIA Reimbursement Amount shall survive the satisfaction and discharge of this Indenture.

  • Insured Payments disbursed by the Trustee from proceeds of the MBIA Policy shall not be considered payment by the Issuer with respect to the Bonds, nor shall such payments discharge the obligation of the Issuer with respect to such Bonds, and MBIA shall become the owner of such unpaid amounts due from the Issuer in respect of such Insured Payments as the deemed assignee and subrogee of such Bondholders and shall be entitled to receive the MBIA Reimbursement Amount in respect thereof.

  • Notwithstanding Section 4.01 of this Indenture, this Indenture shall not be discharged or satisfied until satisfaction of the conditions set forth therein and payment of the MBIA Reimbursement Amount.


More Definitions of MBIA Reimbursement Amount

MBIA Reimbursement Amount. The sum of (i) all amounts paid by MBIA under the Certificate Insurance Policy which have not been previously reimbursed, (ii) all unpaid MBIA Premiums, (iii) all amounts due to MBIA under the Insurance Agreement and (iv) interest on the foregoing at the Late Payment Rate.
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MBIA Reimbursement Amount. The amount of all Insured Payments and other payments made by MBIA pursuant to the Class A-9 Policy which have not been previously repaid, together with interest accrued at the Late Payment Rate.
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Related to MBIA Reimbursement Amount

  • Reimbursement Amount As defined in Section 2.04.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Workout-Delayed Reimbursement Amount has the meaning set forth in subsection (II)(i) of Section 5.2(a).

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Reimbursement Amounts As defined in Section 3.22.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Allocation Amount means, as of the Closing Date, the Series 2017-1 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2017-1 Stated Principal Amount resulting from the issuance of additional Series 2017-1 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge-Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2017-1 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greaterthan the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Payment Amount has the meaning specified in Section 6.1.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.