The Note Policy Clause Samples

The Note Policy. 75 SECTION 6.1 Claims Under Note Policy....................................................75 SECTION 6.2
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The Note Policy. (a) On or before each Determination Date the Indenture Trustee shall determine with respect to the immediately following Payment Date, the Deficiency Amount, if any. (b) If the Indenture Trustee determines pursuant to paragraph (a) above that a Deficiency Amount would exist, the Indenture Trustee shall complete a Notice in the form of Exhibit A to the Note Policy and submit such notice to the Note Insurer no later than 12:00 p.m., New York City time on the third Business Day preceding such Payment Date as a claim for a payment in an amount equal to the Deficiency Amount. (c) Upon receipt of payments made pursuant to the Note Policy from the Note Insurer on behalf of Noteholders, the Indenture Trustee shall deposit such payments in the Note Account and shall distribute such payments, or the proceeds thereof, in accordance with Section 8.7(b) hereof to the Noteholders. (d) The Indenture Trustee shall (i) receive payments made pursuant to the Note Policy as attorney-in-fact of each Noteholder receiving any Insured Payment from the Note Insurer and (ii) disburse such Insured Payment to the Noteholders as set forth in Section 8.7(b) hereof. The Note Insurer shall be entitled to receive the related Reimbursement Amount pursuant to Section 8.7(b)(viii) hereof with respect to each Insured Payment made by the Note Insurer. The Indenture Trustee hereby agrees on behalf of each Noteholder and the Trust for the benefit of the Note Insurer that it recognizes that to the extent the Note Insurer makes payments pursuant to the Note Policy, either directly or indirectly (as by paying through the Indenture Trustee), to the Noteholders, the Note Insurer will be entitled to receive such related Reimbursement Amount.
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The Note Policy. 50 SECTION 6.1. CLAIMS UNDER NOTE POLICY........................................................................ 50 SECTION 6.2. PREFERENCE CLAIMS............................................................................... 51 SECTION 6.3. SURRENDER OF POLICY............................................................................. 52
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The Note Policy. 46 SECTION 6.1. Claims Under Note Policy ................................................. 46 SECTION 6.2. Preference Claims Under Note Policy ...................................... 47 SECTION 6.3. Surrender of Note Policy ................................................. 49
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The Note Policy. 53 SECTION 6.1. CLAIMS UNDER NOTE POLICY...................................53 SECTION 6.2. PREFERENCE CLAIMS UNDER NOTE POLICY........................54 SECTION 6.3. SURRENDER OF NOTE POLICY...................................55 SECTION 6.4. OPTIONAL DEPOSITS BY THE INSURER...........................55 SECTION 6.5. OTHER MATTERS RELATING THE INSURER.........................55 SECTION 6.6.
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The Note Policy 
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Related to The Note Policy

  • The Note The Loan shall be evidenced by the Note and shall be repaid in accordance with the terms of this Agreement and the Note.

  • The Notes Section 2.01.

  • Credit Agreement and Notes This Agreement and the Notes executed by each party thereto;

  • Representations of the Note Holders Each Note Holder represents and warrants that the execution, delivery and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene such Note Holder’s charter or any law or contractual restriction binding upon such Note Holder, and that this Agreement is the legal, valid and binding obligation of such Note Holder enforceable against such Note Holder in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification and contribution obligations may be limited by applicable law. Each Note Holder represents and warrants that it is duly organized, validly existing, in good standing and in possession of all licenses and authorizations necessary to carry on its business. Each Note Holder represents and warrants that (a) this Agreement has been duly executed and delivered by such Note Holder, (b) to such Note Holder’s actual knowledge, all consents, approvals, authorizations, orders or filings of or with any court or governmental agency or body, if any, required for the execution, delivery and performance of this Agreement by such Note Holder have been obtained or made and (c) to such Note Holder’s actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental investigation against such Note Holder, an adverse outcome of which would materially and adversely affect its performance under this Agreement.

  • Representations of Depositor The Depositor makes the following representations on which the Issuing Entity is deemed to have relied in acquiring the Receivables. The representations speak as of the Closing Date, and shall survive the sale of the Receivables to the Issuing Entity and the pledge thereof to the Indenture Trustee pursuant to the Indenture.