Payment of Loss Under Insurance Sample Clauses

Payment of Loss Under Insurance. The Sublessor and the Sublessee covenant and agree as follows with respect to the use of insurance proceeds:
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Payment of Loss Under Insurance. 18.4.1. The Lessor and the Lessee covenant and agree as follows with respect to the use of insurance proceeds:
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Payment of Loss Under Insurance. 8.6.1 The insureds to whom moneys are payable under any or all of the policies of insurance required to be obtained under subsections 8.2.2, 8.3.2 or 8.3.3 will ensure that, notwithstanding the terms of the policy or policies, such insurance moneys are directed to be paid to the Trustee.
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Payment of Loss Under Insurance. The insureds to whom money is payable under an insurance policy required to be obtained under sections 6.2.2, 6.3.2, or
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Related to Payment of Loss Under Insurance

  • Application of Insurance Proceeds Grantor shall promptly notify Lender of any loss or damage to the Collateral. Lender may make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty. All proceeds of any insurance on the Collateral, including accrued proceeds thereon, shall be held by Lender as part of the Collateral. If Lender consents to repair or replacement of the damaged or destroyed Collateral, Lender shall, upon satisfactory proof of expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair or restoration. If Lender does not consent to repair or replacement of the Collateral, Lender shall retain a sufficient amount of the proceeds to pay all of the Indebtedness, and shall pay the balance to Grantor. Any proceeds which have not been disbursed within six (6) months after their receipt and which Grantor has not committed to the repair or restoration of the Collateral shall be used to prepay the Indebtedness.

  • Duration of Insurance Contribution An employee is eligible for School District contributions as provided in this Article as long as an employee is employed by the School District. Employees whose employment terminates during the school year will be eligible for insurance and district contributions to insurance through the end of the month in which they terminate provided they pay the employee portion of the insurance premium for that month. Otherwise, the employee’s insurance will terminate as of the last day of employment.

  • ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY INSURANCE CLAUSE Supplier agrees to list Sourcewell and its Participating Entities, including their officers, agents, and employees, as an additional insured under the Supplier’s commercial general liability insurance policy with respect to liability arising out of activities, “operations,” or “work” performed by or on behalf of Supplier, and products and completed operations of Supplier. The policy provision(s) or endorsement(s) must further provide that coverage is primary and not excess over or contributory with any other valid, applicable, and collectible insurance or self-insurance in force for the additional insureds.

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