Assigned Insurance Policies definition

Assigned Insurance Policies has the meaning set form in Section 2.01(a)(iv).
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Assigned Insurance Policies means the insurance policies of Seller Entities to be assigned to Buyer as set forth in Schedule 2.01(s), the premiums of such insurance policies shall be fully paid by Seller as of Closing.
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Assigned Insurance Policies shall have the meaning set forth in Section 2.12(c).
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Examples of Assigned Insurance Policies in a sentence

  • Except for assets of Seller under the Assigned Insurance Policies, the assets of Seller’s Employee Benefit Plans, including, but not limited to, Seller’s 401(k) Plan.

  • All rights of the U.S. Debtors under any insurance policies (other than Purchaser Assigned Insurance Policies) under which they are the insured parties and all related insurance agreements (other than Purchaser Assigned Insurance Policies) shall automatically become vested in the Litigation Trust as of the Effective Date without necessity for further approvals or orders.

  • Nothing in this Plan shall impair the rights of the Litigation Trust or the Purchaser (with respect to Purchaser Assigned Insurance Policies) with respect to (or affect the coverage under) any insurance policy that provides liability coverage for officers, directors, and other fiduciaries of the Debtors and their affiliates.

  • Xxxxx agrees to use commercially reasonable efforts to maintain (and refrain from knowing or willful actions that would compromise materially) the potential eligibility of the Facilities to participate in and receive the benefits of the Assigned Insurance Policies, state tank funds, assigned escrows, New PLL Policy or any other third party source, for which Seller Entities or Buyer may be eligible.

  • The Company has no responsibility or liability with respect to the activities undertaken by any member of the Seller Group (other than the Company or any of their Affiliates), other than with respect to (x) to the extent actually assigned to the Company, the Contributed Assets and the Assigned Insurance Policies, (y) the Credit Agreements and (z) to the extent expressly set forth in this Agreement, the Employment Liabilities and the Benefit Plan Liabilities.

  • Seller’s financial responsibility and obligations to diligently and in a timely manner undertake such Remedial Measures prior to the Closing Date and to indemnify Buyer as described in this Section 6.05 are: (i) subject to but in no way conditioned or limited by the availability of Assigned Insurance Policies, state tank funds, assigned escrows, New PLL Policy or any other third party source; and (ii) are not subject to the procedures described in Article VIII.

  • For avoidance of doubt, Xxxxx agrees to first seek to recover all such costs from the Assigned Insurance Policies, state tank funds, assigned escrows, New PLL Policy or any other third party source prior to seeking to recover from Seller.

  • Acquirer shall use commercially reasonable efforts to cause Contributor to be named, or continue to be named, as an additional insured party under the Assigned Insurance Policies.


More Definitions of Assigned Insurance Policies

Assigned Insurance Policies has the meaning set forth in Section 2(a)(xii).
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Assigned Insurance Policies. As defined in Section 2.1(k).
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Related to Assigned Insurance Policies

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Blanket insurance policy means a group policy covering a defined class of

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Reimbursement insurance policy means a policy of insurance

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Certificate Insurance Policy The Financial Guaranty Insurance Policy No. CA01172A, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Class AF-3 Certificateholders.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Insurance Assignment each collateral assignment of insurance pursuant to which an Obligor assigns to Agent, for the benefit of Secured Parties, such Obligor’s rights under key-man life, business interruption or other insurance policies as Agent deems appropriate, as security for the Obligations.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Assignment of Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Claims Made Policies has the meaning set forth in Section 5.01(b).

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.