Risk Default Insurer definition

Risk Default Insurer means The Connecticut Indemnity Company, its successors and assigns, or Empire Fire & Marine Insurance Co., a division of Zurich Insurance Company, its successors and assigns.
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Risk Default Insurer means _____________________, its successors and assigns.
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Risk Default Insurer means The Connecticut Indemnity Company, its successors and assigns.
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Examples of Risk Default Insurer 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.

  • The Seller shall provide to the Purchaser, within five (5) Business Days of receipt or distribution thereof, (A) copies of all documents received from the Risk Default Insurer contesting the eligibility of any claim made under a Risk Default Policy and (B) copies of all documents regarding the resolution of alleged ineligible claims.

  • Except for Uninsured Receivables constituting no more than one-fifth of one percent of the aggregate Principal Balance of all Receivables being conveyed to any single Trust, and Nonconforming Insured Receivables constituting no more than 1% of the aggregate Principal Balance of all Receivables being conveyed to any single Trust, each Receivable has been originated in accordance with the Underwriting Guidelines and in accordance with the underwriting guidelines acceptable to the Risk Default Insurer.

  • Except for Uninsured Receivables constituting no more than one-fifth of 1% of the aggregate initial Principal Balance, and Nonconforming Insured Receivables constituting no more than 1% of the aggregate initial Principal Balance, each Receivable has been originated in accordance with the applicable Underwriting Guidelines of Aegis Finance in effect at the time of origination and in accordance with underwriting guidelines acceptable to the Risk Default Insurer.

  • Each Receivable has been originated in accordance with the applicable Underwriting Guidelines of Aegis Finance in effect at the time of origination and in accordance with underwriting guidelines acceptable to the Risk Default Insurer.

  • Each Receivable has been originated in accordance with the Underwriting Guidelines and in accordance with the underwriting guidelines acceptable to the Risk Default Insurer.

Related to Risk Default Insurer

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Administrative Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

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

  • Owner Event of Default shall have the meaning set forth in Section 12.3 hereof

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

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Issuer Event of Default means the occurrence of any of the following events:

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

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

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

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

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

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

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Event of Default has the meaning specified in Section 8.01.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.