Risk Default Insurance Policy definition

Risk Default Insurance Policy or "Risk Default Policy" means each insurance policy listed on Exhibit I issued by the Risk Default Insurer, which shall show Aegis Finance as named insured and the Trustee as an additional insured or pool certificate holder thereunder, including all endorsements thereto, the original of which policy and endorsements shall be delivered to the Custodian on or prior to the Closing Date.
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Risk Default Insurance Policy or "Risk Default Policy" means auto loan protection insurance naming the Trustee as an insured, which covers the Receivables, and which insurance is currently issued by _______________________________.
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Risk Default Insurance Policy or "Risk Default Policy" means the insurance policy listed on Exhibit H issued by the Risk Default Insurer to the Trustee for the benefit of the Trust as named insured thereunder, including all endorsements thereto, the original of which policy and endorsements shall be delivered to the Custodian on or prior to the Closing Date.
Sample 1

Examples of Risk Default Insurance Policy in a sentence

  • Neither the insured under the Risk Default Insurance Policy nor any Person acting on behalf of such insured has concealed or misrepresented any material facts or circumstances regarding any matter that would serve as a basis for the Risk Default Insurer to void the Risk Default Insurance Policy.

  • Attached hereto as Appendices E and F, respectively, are true and correct copies of the endorsements to the Risk Default Insurance Policy and VSI Insurance Policy required by the Standard Terms.

  • Each Receivable constitutes an "Instrument" and each Financed Vehicle constitutes "Eligible Collateral" as defined in and for purposes of the Risk Default Insurance Policy.

  • No more than one fifth of one percent of the Receivables are not covered by a Risk Default Insurance Policy.

  • The Seller will not cancel, nor permit the cancellation of, the Risk Default Insurance Policy or VSI Insurance Policy, in each case as it relates to the Receivables.

  • Each Receivable is covered under the VSI Insurance Policy and (except as indicated on the related Schedule of Receivables) the Risk Default Insurance Policy, and each such insurance policy is valid and remains in full force and effect.

  • Each Receivable is covered, as of the Closing Date or Funding Date when acquired, as the case may be, and throughout the shorter of the term of the Trust or the term of the Receivable, under the VSI Insurance Policy and, except as indicated on the Schedule of Receivables, under the Risk Default Insurance Policy, and each such insurance policy is valid and remains in full force and effect.

  • Each Receivable covered by a Risk Default Insurance Policy constitutes an "Instrument" or "Insured Security Agreement" and each Financed Vehicle constitutes "Eligible Collateral" as defined in and for purposes of the Risk Default Insurance Policy.

  • The Seller shall cause the Trustee to be identified as the named insured under the Risk Default Insurance Policy and as an additional insured, as its interests may appear, under the VSI Insurance Policy as of the Sale Date with respect to each pool of Receivables sold hereunder.

  • Each Receivable meets the eligibility criteria with respect to each of the Risk Default Insurance Policy and the VSI Insurance Policy, including, but not limited to, the receipt in full of the applicable down payment with respect to such Receivable and no deferment with respect to such down payment has been granted.

Related to Risk Default Insurance Policy

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

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Type of insurance means coverage afforded under the particular policy that is being placed.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Acceptable Insurance Default shall have the meaning assigned to such term or analogous term in the Servicing Agreement.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Life Insurance Policy has the meaning given in Section 6.10.