Assured definition

Assured means the Energy Company and its non-consolidated subsidiaries and affiliates included for reinsurance under paragraphs 2 and 3 above, both independently and as participants in joint ventures with others.
Assured means:-
Assured means the Policyholder and any non-Consolidated or partially Consolidated Subsidiaries and Affiliates to the extent that they are covered under paragraphs 2 and 3 above, both independently and as participants in joint ventures with others.

Examples of Assured in a sentence

  • The Underwriter shall be liable only if and when the Ultimate Net Loss sustained by the Assured and covered hereunder in respect of interests described herein in any one Occurrence exceeds the amount specified as the deductible on the Policy Declaration in effect at the time of the commencement of the Occurrence.

  • The Underwriter shall indemnify the Assured upon adjustment and acceptance by Underwriter of a final proof of loss as to the amount in question, subject to such progress payments as the Underwriter shall determine to make upon terms and conditions satisfactory to Underwriter.

  • If any subsequent payments shall be made by the Assured with respect to the same Occurrence, additional claims shall be made similarly, and within twelve (12) months of such payment.

  • Liability under insuring agreement 3 shall not attach unless and until the Assured’s liability covered hereunder shall have been fixed and rendered certain either by final judgment against the Assured or by settlement with prior approval in writing by the Underwriter.

  • As respects loss under insuring agreements 1 and/or 2, the Assured as a condition precedent to coverage hereunder shall submit to the Underwriter a claim for indemnification in the form of a proof of loss in respect of any amount of Ultimate Net Loss in excess of the amount borne by the Assured and for which the Underwriter may be liable under the policy within a reasonable period after the Assured shall have paid (or, if the property is not to be repaired or replaced, sustained), such amount.


More Definitions of Assured

Assured means, together, Assured Guaranty Municipal Corp., formerly known as Financial Security Assurance, Inc., and Assured Guaranty Corp.
Assured means the Policyholder and any non-Consolidated or partially Consolidated Subsidiaries and Affiliates to the extent that they are covered under paragraphs 2 and 3 above, both independently and as participants in joint ventures with others.INSURING AGREEMENTS In consideration of the premium stated herein, the Underwriter does hereby agree with the Assured:
Assured means, collectively, Assured Guaranty Corp. and Assured Guaranty Municipal Corp.
Assured means any insured party who is liable for the payment of calls, contributions, Premium or other sums due under the terms of entry. “Seafarer” shall have the same meaning as in MLC 2006.
Assured means the Assured named and stated in the Schedule of this Policy and any Banking Subsidiary Companies in which the Assured have a controlling interest and which are listed in the Proposal Form.
Assured means a person whose application for insurance within this Class of any interest in a Ship has been accepted by the Association and includes, for the avoidance of doubt, a Principal Assured, a Co-assured, an Other Assured and persons with Fixed Premium Entries;
Assured means Assured Guaranty Municipal Corp., formerly known as Financial Security Assurance, Inc.