Assignment of Reinsurances definition

Assignment of Reinsurances means, in respect of an Aircraft, each assignment of reinsurances that may from time to time be entered into between the relevant Insurer, as assignor, and the Owner (or, if applicable, Owner Trustee) and/or Intermediate Lessor of such Aircraft, as assignee, or the Lessee or any Sub-Lessee, as assignee, in relation to the benefit of the Insurances (to the extent of the reinsurances, other than liability reinsurances), together with all notices and acknowledgements to be given or issued thereunder;
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Assignment of Reinsurances means any assignment of reinsurances entered into, or to be entered into, as the context may require between any Insurer and the Lessor in respect of the Reinsurances (other than third party liability reinsurances) in form and substance satisfactory to the Lessor, the Insurer and the Lessee;
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Assignment of Reinsurances means each Assignment of Reinsurances, substantially in the form of Exhibit E-9, executed by any Loan Party in favor of the Collateral Agent.
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Examples of Assignment of Reinsurances in a sentence

  • For the purpose of conduct of claims and application of proceeds under any Reinsurance taken out by a Direct Insurer, references to delivery of an Enforcement Notice in this Clause 5 shall include delivery of the notice referred to in Clause 2.2.1 (Enforcement of Assignment) of the Assignment of Reinsurances to such Direct Insurer following an “Insolvency Event” (as defined in the Assignment of Reinsurances).

  • Each assignment shall at all times be in the form of the Assignment of Reinsurances dated on or about the date of this Agreement unless otherwise agreed by the Security Agent (acting on the instructions of the Intercreditor Agent).

  • As of the Closing Date, no filing, recordation, re-filing or re-recording other than those listed on Exhibit Q is necessary to perfect and maintain the perfection of the interest, title or Liens of the Collateral Documents or the Assignment of Reinsurances.

  • The New Security to be granted by the Company pursuant to Clause 8.1 (New Security) (other than the Commercial Pledge, the Insurer's Assignment of Re-insurances and the Company's Assignment of Re-insurances) will cover so far as is possible the same assets which were intended to be encumbered under the relevant SIDF Security Document (and no more) and be in the customary forms for similar Security granted in the Kingdom of Saudi Arabia in respect of projects similar to the Project.

  • For the purpose of conduct of claims and application of proceeds under any Reinsurance taken out by a Direct Insurer, references to delivery of an Enforcement Notice in this Clause 5 shall include the occurrence of an “Insolvency Event” (as defined in the Assignment of Reinsurances) in respect of that Direct Insurer.


More Definitions of Assignment of Reinsurances

Assignment of Reinsurances means the first ranking assignment of reinsurances dated 12 August 2010 between each Direct Insurer and the Security Agent.
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Assignment of Reinsurances means the assignment of reinsurances entered into, or to be entered into as the context may require, between the insurer as assignor and the Lessor and/or the Security Trustee as assignee.
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Assignment of Reinsurances means any first ranking assignment of reinsurances between a Direct Insurer and the Security Agent.
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Assignment of Reinsurances means, in respect of any Aircraft, a deed of assignment entered into or to be entered into between the Company and the insurer in respect of the reinsurances relating to such Aircraft.
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Assignment of Reinsurances means any first ranking assignment of reinsurances between a Direct Insurer and the Security Agent, including, without limitation, the assignment agreement dated 9 September 2015 between QBE Insurance (International) Limited Macau Branch as assignor and the Security Agent.
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Assignment of Reinsurances means an assignment of reinsurances dated on or about the Closing Date between each Direct Insurer and the Security Agent.
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Assignment of Reinsurances means, if required in connection with any subleasing of the Aircraft pursuant to clause 9.3(d), an Assignment of Reinsurances, dated on or about the date of the proposed sublease, between Lessor and the relevant Permitted Sublessee’s insurer or insurance broker, as the case may be, together with the Notice and Acknowledgment relating thereto and entered into among each of the foregoing persons and acknowledged by the relevant Permitted Sublessee’s reinsurer or reinsurance broker, as the case may be.
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