Assignment of Business Interruption Insurance definition

Assignment of Business Interruption Insurance means that certain Assignment of Business Interruption Insurance, dated as of the Closing Date, by and among the Loan Parties and the Agent.
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Assignment of Business Interruption Insurance shall have the meaning set forth in Section 4.9 hereof.
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Assignment of Business Interruption Insurance has the meaning given to such term in Clause 8.6 (Assignment of Business Interruption Insurance).
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Examples of Assignment of Business Interruption Insurance in a sentence

  • Business Interruption Insurance Assignment - the Collateral Assignment of Business Interruption Insurance executed by each Borrower in favor of Agent, for the benefit of the Lender Group, as security for the payment of the Obligations.

  • The Administrative Agent shall have received executed copies of the Collateral Assignment of Business Interruption Insurance Policy.

  • Business Interruption Insurance Assignment - a Collateral Assignment of Business Interruption Insurance to be executed by U.S. Obligors in favor of Agent, in form and substance reasonably satisfactory to Agent, as security for the payment of the Secured Obligations.

  • Business Interruption Insurance Assignment - the Collateral Assignment of Business Interruption Insurance executed by Borrower on or after the Original Closing Date in favor of Agent, in form and substance satisfactory to Agent, as security for the payment of the Obligations.

  • Business Interruption Insurance Assignment - the Collateral Assignment of Business Interruption Insurance executed by Borrowers on June 10, 1998, in favor of Agent as security for the payment of the Obligations.

  • Business Interruption Insurance Assignment - the Collateral Assignment of Business Interruption Insurance to be executed by Borrowers on or before the Closing Date in favor of Agent, in form and substance satisfactory to Agent, as security for the payment of the Obligations.

  • Business Interruption Insurance Assignment - the Collateral Assignment of Business Interruption Insurance to be executed by each Borrower on the Closing Date in favor of Agent, for the benefit of the Lender Group, as security for the payment of the Obligations.

  • Business Interruption Insurance Assignment - the Collateral Assignment of Business Interruption Insurance to be executed by Borrower on or after the Closing Date in favor of Agent, in form and substance satisfactory to Agent, as security for the payment of the Obligation.

  • Business Interruption Insurance Assignment - the Collateral Assignment of Business Interruption Insurance executed by Borrowers in favor of Administrative Agent for the benefit of Secured Parties, in form and substance satisfactory to Administrative Agent, as security for the payment of the Obligations.

  • Business Interruption Insurance Assignment - the Collateral Assignment of Business Interruption Insurance to be executed by Borrower on or about the Closing Date in favor of Agent, in form and substance satisfactory to Agent, as security for the payment of the Obligations.


More Definitions of Assignment of Business Interruption Insurance

Assignment of Business Interruption Insurance means an assignment of the Borrowers’ business interruption insurance policy no. 36038103 with Federal Insurance Company in favor of the Administrative Agent.
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Related to Assignment of Business Interruption Insurance

  • Property Insurance is defined in Section 6.10(a).

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

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • Guaranteed automobile protection insurance means insurance offered in

  • Casualty insurance means liability insurance.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Substantial bodily injury means "bodily injury which involves (A) a temporary but substantial disfigurement; or (B) a temporary but substantial loss or impairment of the function of any bodily member, organ, or mental faculty." See 18 U.S.C. § 113(b)(1).

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

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • 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.

  • Interruption means a reduction in non-firm transmission service due to economic reasons pursuant to Tariff, Part II, section 14.7.

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

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • 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.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • 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.

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

  • CLIENT OF BHEL or “CUSTOMER” shall mean the project authorities with whom BHEL has entered into a contract for provision of services.

  • Excess Insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by the Collateral Agent.

  • 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.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • 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”)

  • Insurance Assignment means the valid and effective first legal assignment of the Insurances (together with the notice thereof), to be executed by the Borrower in respect of the Vessel in favour of the Trustee and the Commercial Loan Trustee, such assignment and notice to be in the form and on the terms and conditions required by the Agent, the Hermes Agent and the Commercial Loan Agent and agreed on the signing of the Original Loan Agreement and as specified in paragraph 47 of Schedule 4;

  • Assignment of Proprietary Lease With respect to a Cooperative Loan, the assignment of the related Cooperative Lease from the Mortgagor to the originator of the Cooperative Loan.