Insurance Claim any insurance claims made by the Borrower or a Construction Contractor in respect of the Project in excess of $10,000,000 either individually or in the aggregate;
Insurance Claim. A claim or claims that would normally be covered by insurance according to industry practices is made against GIC for the payment of more than One Million Dollars ($1,000,000) individually or in the aggregate and is not 57 covered by reinsurance; or all or a material part of GIC's reinsurance policies shall be terminated for any reason.
Insurance Claim. “Insurance Claim” has the meaning set forth in Section 1.4(a) of this Agreement.
Insurance Claim. Each of the Vendors declares that after thorough internal investigation, there is no known fact, situation or circumstance involving the Company or one of the Subsidiaries or their directors or officers, which would reasonably be expected to result in any future claim being made against the Company or any Subsidiaries.
Insurance Claim. After the Closing Date, if the Company collects the insurance proceeds payable to the Company relating to the fire that occurred on October 21, 1998, Buyer shall make an additional payment to the Shareholders by means of a single wire transfer to the Shareholders' Representative equal to the net amount (after any applicable Taxes are paid by the Company) of such proceeds received by the Company, as additional Purchase Price.
Insurance Claim. For the period of 180 days following the Closing --------------- Date, the Sellers shall use commercially reasonable efforts to submit and prosecute claims under the Sellers' property damage (and NOT liability) insurance policies or insurance contracts for any property damage or loss to any Purchased Assets, on the condition that:
(a) Buyer shall provide to the Sellers evidence reasonably acceptable to the Sellers that the property which suffered such damage or loss is a Purchased Asset and that such damage or loss occurred at some time between August 1, 2000 and the Closing Date; (b) the assignment and sale of insurance claims or coverage provided for under Sections 1.2(a)(xii) and -------------------- 1.2
(b) (vi) are not effective to permit Buyer to submit and prosecute such claims ---------- on its own; and
(c) Buyer shall provide all staffing and resources (including any reasonable out-of-pocket costs (such as reasonable attorneys' fees) of any Seller) necessary for the submission or prosecution of such
Insurance Claim. For the period of 90 days following the Closing Date, --------------- Seller shall use commercially reasonable efforts to submit and prosecute claims under Seller's property damage (and NOT liability) insurance policies or insurance contracts for any property damage or loss to any Purchased Assets, on the condition that:
(a) Buyer shall provide to Seller evidence reasonably acceptable to Seller that the property which suffered such damage or loss is a Purchased Asset and that such damage or loss occurred between April 7, 2000 and the Closing Date and has not previously been reimbursed; (b) the assignment and sale of insurance claims or coverage provided for under Section 1.2(a)(xiv) are ------------------- not effective to permit Buyer to submit and prosecute such claims on its own; and
Insurance Claim. If the reason for cancellation is covered by your insurance policy and you have taken the cover, the cancellation charge (less the excess) is refunded by the insurance company in accordance with the details on the policy.
Insurance Claim. In the event that any Target shall have suffered any loss or damage due to or arising out of fire or other casualty, which is covered by insurance, and, notwithstanding such loss or damage, Parent and Subsidiary consummate the transaction contemplated by this Agreement, then at the closing, Targets shall:
(a) Duly assign to Subsidiary all of the rights of Sellers against any insurance company pursuant to loss or damage; and
(b) Pay to Subsidiary any proceeds received from any insurance company prior to the closing for such loss or damage.
Insurance Claim. Intelligroup shall wherever possible make an insurance claim in relation to the Damages, provided however that any increase in premiums or excess arising from such claim shall in itself be Damages.
