Termination of Insurance Agreement Sample Clauses

Termination of Insurance Agreement. 13.1. The following may serve as a ground for termination of the insurance provided for under the given Agreement:
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Termination of Insurance Agreement. Article 19. If the contracting party fails to pay the premium by the due date nor does any other interested party does that, the insurance contract expires after the expiration of the thirtieth day from the day when the contracting party received the registered letter from the insurer with a notice on the maturity of the premium, but that deadline cannot expire before the expiration of 30 days from the date of maturity of the premium. In any case, the insurance contract ceases according to law if the premium is not paid within one year from the due date. In case the Policyholder or the Insured made a false claim or withheld a circumstance that was of such nature that the Insurer would not have concluded the Agreement under the same terms and conditions had it known about the actual state of affairs, the Insurer may request the annulment of the Agreement.
Termination of Insurance Agreement. The following may serve as a ground for termination of the insurance provided for under the given Terms and Conditions: complete fulfillment of obligations undertaken by the Insurer according to the corresponding Insurance Policy; default of another party; expiration of the term provided for under the Policy; if the subject of insurance does not exist anymore, except the results provoked by the insur- ance risk (this shall be applied to with respect to the particular Insurance Policy); if the Insured stops his/her activity according to the procedure established by law; if the limit of insurance indemnification determined by the sum insured has expired (this shall be applied to with respect to the particular Insurance Policy); if the increase of the insurance risk is caused by the negligent or intentional act of the Insured, its representative or any person acting on behalf of the Insured; preliminary written agreement of the parties; other cases provided under the law of Georgia.
Termination of Insurance Agreement. 10.1. The following may serve as a ground for termination of the insurance provided for under the given Wording:
Termination of Insurance Agreement. Article 19. The insurer may not terminate the contract on voluntary health insur- ance before the expiration of the term for which the contract was con- cluded. Notwithstanding paragraph 1 of this Article, the insurer may terminate the contract on voluntary health insurance before the expiration of the term for which the contract was concluded in the case of:
Termination of Insurance Agreement. The Insurance Agreement shall terminate on the earlier of (i) the Employee's providing of written notice of termination to the Employer or (ii) December 10, 2011 (the "Termination Date"). The Employer shall not have any right to terminate the Insurance Agreement unilaterally. On the Termination Date, the parties shall implement the following termination procedures:
Termination of Insurance Agreement. XxxxXxxxxx.xxx, CD1 and Bank One ---------------------------------- agree that as of the Closing, the Insurance Agreement (including any amendments thereto and derivatives therefrom, other than the Continuing Agreements) shall be terminated and thereafter shall be deemed null and void.
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Related to Termination of Insurance Agreement

  • Cancellation of Insurance There will be no cancellation or reduction of coverage of any required insurance without thirty (30) days’ written notice to the Contractor. Such notice may be sent by the Subcontractor’s insurance carrier, insurance broker, or the Subcontractor. Waiver of Subrogation. Subcontractor waives all rights against Contractor, Client, other subcontractors, and their agents.

  • Continuation of Insurance All policies of insurance shall provide for at least 30 days prior written cancellation notice to the Secured Party. In the event of failure by the Debtor to provide and maintain insurance as herein provided, the Secured Party may, at its option, provide such insurance and charge the amount thereof to the Debtor. The Debtor shall furnish the Secured Party with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

  • Assignment of Insurance As additional security for the payment and performance of the Obligations, the Borrower hereby assigns to the Lender any and all monies (including, without limitation, proceeds of insurance and refunds of unearned premiums) due or to become due under, and all other rights of the Borrower with respect to, any and all policies of insurance now or at any time hereafter covering the Collateral or any evidence thereof or any business records or valuable papers pertaining thereto, and the Borrower hereby directs the issuer of any such policy to pay all such monies directly to the Lender. At any time, whether or not a Default Period then exists, the Lender may (but need not), in the Lender's name or in the Borrower's name, execute and deliver proof of claim, receive all such monies, endorse checks and other instruments representing payment of such monies, and adjust, litigate, compromise or release any claim against the issuer of any such policy.

  • Evidence of Insurance Receipt by the Administrative Agent of copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents, including, but not limited to, naming the Administrative Agent as additional insured (in the case of liability insurance) or loss payee (in the case of hazard insurance) on behalf of the Lenders.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • 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.

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