Policy Provider Election definition

Policy Provider Election has the meaning assigned to such term in Section 3.7(c).
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Policy Provider Election means a notice given by MBIA when no Policy Provider Default shall have occurred and be continuing and the Policy Provider has endorsed the Policy in compliance with Section 3.7(c) of the Intercreditor Agreement, stating that MBIA elects to make payments of Deficiency Amounts as defined under the proviso to clause (iii) of the definition of Deficiency Amounts in respect of any Series G Equipment Note in lieu of applying clause (iii) (without the proviso) of the definition of Deficiency Amount, which notice shall be given to the Subordination Agent not less than five (5) days prior to the Special Distribution Date established for payment of a Deficiency Amount under clause (iii) of the definition thereof.
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Examples of Policy Provider Election in a sentence

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G-2 Certificates (including by reason of a Policy Provider Election with respect to one or more Series G-2 Equipment Notes), or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G Certificates (including by reason of a Policy Provider Election with respect to one or more Series G Equipment Notes) or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G-1 Certificates (including by reason of a Policy Provider Election with respect to one or more Series G-1 Equipment Notes), or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • In particular, it facilitates initiatives for the early identification of students at risk.

  • In addition, regardless of whether or not the Policy Provider makes a Policy Provider Election, the Policy Provider shall, at the end of such 24-month period cover drawings by a Liquidity Provider for the amounts referred to in the Policy ("Excess Interest Policy Drawing").

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G-1 Certificates (including by reason of a Policy Provider Election with respect to one or more Series G-1 Equipment Notes) or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class G-1 Certificates (including by reason of a Policy Provider Election with respect to the Series G Equipment Note) or otherwise, the Maximum Revolving Credit Agreement Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower).

  • Promptly following each date on which the Required Amount of the Primary Liquidity Facility is reduced as a result of a reduction in the Pool Balance with respect to the Class G Certificates (including by reason of a Policy Provider Election) or otherwise, the Stated Amount of the Primary Liquidity Facility shall automatically be reduced to an amount equal to the Required Amount with respect to the Primary Liquidity Facility (as calculated by the Subordination Agent after giving effect to such payment).

  • The Trustee has not received a timely Policy Provider Election pursuant to the Policy and the amount determined for payment to the Noteholders pursuant to paragraph (iii) of the definition of "Deficiency Amount" in the Policy on the Distribution Date which is a Non-Performance Payment Date in respect of the outstanding principal balance of the Notes and accrued and unpaid interest accrued thereon at the Debt Rate for the Notes is $________.] [3.

  • In addition, regardless of whether or not the Policy Provider makes a Policy Provider Election, the Policy Provider shall, from and after the end of such 24-month period, honor drawings by either Primary Liquidity Provider in respect of amounts referred to in clause (g) of the definition of "Deficiency Amount" contained in the related Policy (each, an "EXCESS INTEREST POLICY DRAWING").


More Definitions of Policy Provider Election

Policy Provider Election is defined in Section 3.6(c) of the Indenture.
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Policy Provider Election. “Pool Balance”, “Premium”, “Primary Cash Collateral Account”, “Primary Liquidity Facility”, “Rating Agencies”, “Ratings Confirmation”, “Regular Distribution Dates”, “Replacement Primary BACK
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Policy Provider Election means a notice given or deemed to have been given by FGIC when no Policy Provider Default shall have occurred and be continuing, whereby FGIC elects or is deemed to have elected to make payments of Deficiency Amounts as defined under the proviso to clause (iii) of the definition of Deficiency Amount in lieu of applying clause (iii) (without the proviso) of the definition of Deficiency Amount, which notice may be given to the Subordination Agent no later than the date which is ten (10) days prior to the end of the 24-month Default Period referred to under clause (iii) of the definition of Deficiency Amount, and shall be deemed to have been given on such date, unless (x) FGIC shall have affirmatively elected by notice to the Subordination Agent to not make such election on or prior to such day or (y) a Policy Provider Default shall have occurred and be continuing as of such day.Payment of amounts hereunder shall be made in immediately available funds (x) with respect to Deficiency Amounts no later than 3:00 p.m., New York City time, on the later of (a) the relevant Distribution Date and (b) the Business Day on which a Notice of Nonpayment is received by FGIC, or, if a fiscal agent shall have been appointed by FGIC and written notice of such appointment (together with pertinent address and notice information) shall have been delivered to the Beneficiary, then by such fiscal agent or any successor fiscal agent appointed by FGIC (the “
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Policy Provider Election has the meaning specified in Section 3.7(c).
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Policy Provider Election means a notice given or deemed to have been given by MBIA when no Policy Provider Default shall have occurred and be continuing, whereby MBIA elects or is deemed to have elected to make payments of Deficiency Amounts as defined under the proviso to clause (iii) of the definition of Deficiency Amount in lieu of applying clause (iii) (without the proviso) of the definition of Deficiency Amount, which notice may be given to the Subordination Agent no later than the date which is ten (10) days prior to the end of the 24-month Default Period referred to under clause (iii) of the definition of Deficiency Amount, and shall be deemed to have been given on such date, unless (x) MBIA shall have affirmatively elected by notice to the Subordination Agent to not make such election on or prior to such day, (y) a Policy Provider Default shall have occurred and be continuing as of such day or (z) the Subordination Agent has received a Special Payment constituting proceeds from a Final Disposition during such Default Period.
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Related to Policy Provider Election

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Medicare Provider Agreement means an agreement entered into between CMS or other such entity administering the Medicare program on behalf of CMS, and a health care provider or supplier under which the health care provider or supplier agrees to provide services for Medicare patients in accordance with the terms of the agreement and Medicare Regulations.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Provider agreement means the signed, written, contractual agreement between the department and the provider of services or goods.

  • Payment Election means an election pursuant to Section 5.1.

  • Investment Election means the Participant’s election to have deferred amounts credited with hypothetical earnings credits (or losses) that track the investment performance of the Investment Options and/or Common Stock in accordance with Article V.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Special election means an election held as authorized by Section 20A-1-203.

  • Special Servicing Compensation With respect to any Serviced Mortgage Loan, Serviced Loan Combination or REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan), any of the Special Servicing Fee, the Workout Fee, and the Liquidation Fee which shall be due to the Special Servicer.

  • Servicer Employee As defined in Section 3.18.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Primary Care Provider (PCP) means a health care professional who is contracted with BCBSAZ as a PCP and generally specializes in or focuses on the following practice areas: internal medicine, family practice, general practice, pediatrics or any other classification of provider approved as a PCP by BCBSAZ. Your benefit plan does not require you to have a PCP or to have a PCP authorize specialist referrals.