Actual Relevant Insurance Cost definition

Actual Relevant Insurance Cost the aggregate of the annual insurance premiums reasonably incurred by the Contractor to maintain the Relevant Insurance during the Insurance Review Period including insurance premium tax thereon at the rate in force as at the Execution Date but excluding any subsequent increase in the rate of insurance premium tax and all broker’s fees and commissions
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Actual Relevant Insurance Cost means the aggregate of (i) the annual insurance premiums reasonably incurred by Project Co to maintain (or cause to be maintained) the Relevant Insurance at the Relevant Insurance Inception Date and during the Insurance Review Period, but excluding Taxes and all broker’s fees and commissions.
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Actual Relevant Insurance Cost means the aggregate of the annual insurance premiums reasonably incurred by the Contractor to maintain the Relevant Insurance during the Insurance Review Period but excluding insurance premium tax and all broker's fees and commissions;
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More Definitions of Actual Relevant Insurance Cost

Actual Relevant Insurance Cost means the aggregate of the annual insurance premiums reasonably incurred by the TSP to maintain the Relevant Insurance during the Insurance Review Period but excluding insurance premium tax and all broker's fees and commissions;
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Actual Relevant Insurance Cost has the meaning given in Section 7.1(a) of Schedule 24 - Insurance and Performance Security Requirements.
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Actual Relevant Insurance Cost means the aggregate of the insurance premiums reasonably incurred by the Contractor to maintain the Relevant Insurance during the Insurance Review Period but excluding insurance premium tax and all broker’s fees and commissions"Base Cost"means £294,640 in respect of the Works Period and £199,896 per annum in respect of the Service Period being the amounts as agreed at the Bid Date and set out in the Financial Model which represent the insurance costs (which exclude amounts in respect of insurance premium tax and all brokers’ fees and commissions) which are proposed to be incurred to maintain the Relevant Insurance in each year following the Commencement Date, expressed in real terms as at the Bid Date"Base Relevant Insurance Cost"means, the aggregate of the Base Costs which were (at Bid Date) projected to be incurred to maintain the Relevant Insurance during the Insurance Review Period indexed by actual RPI from the Bid Date up to the dates on which the Relevant Insurance was placed or renewed either immediately before or during the Insurance Review Period (as applicable in respect of the year in question) less any Base Relevant Insurance Reduction"Base Relevant Insurance Reduction"means the reduction to be made to the Base Relevant Insurance Cost in respect of a risk which has become Uninsurable or a term or condition which is no longer available and shall be an amount that is either:
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Actual Relevant Insurance Cost means the aggregate of the [annual]50 insurance premiums reasonably incurred by PPP Co. to maintain the Relevant Insurance during the Insurance Review Period but excluding insurance premium tax and all broker’s fees and commissions;
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Actual Relevant Insurance Cost means the aggregate of the [annual]1 insurance premiums reasonably incurred by the Service Provider to maintain the Relevant Insurance during the Insurance Review Period (disregarding any premiums which would have been payable to maintain insurance in respect of any Uninsurable risk) but excluding insurance premium tax and all broker’s fees and commissions;
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Related to Actual Relevant Insurance Cost

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • Insurance carrier means every insurance carrier duly

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

  • Insurance Consultant or "consultant" means a person who:

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.