Business Interruption Insurance Assignment definition

Business Interruption Insurance Assignment means the Second Amended and Restated Collateral Assignment of Business Interruption Insurance to be executed by each Loan Party and pursuant to which such Loan Party shall assign in favor of the Administrative Agent, for the benefit of Secured Parties, all of such Loan Party’s rights under any business interruption insurance policy owned by or in favor of such Loan Party, as security for the Obligations.
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Business Interruption Insurance Assignment means the Collateral Assignment of Rights Under Business Interruption Insurance Policy to be executed by each Borrower on or about the Closing Date in favor of Agent, for its benefit and for the ratable benefit of Lenders, as security for the payment of the Obligations.
Sample 1

Examples of Business Interruption Insurance Assignment in a sentence

  • 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.

  • SECURITY DOCUMENTS - each Guaranty, the Trademark Security Agreement, the Patent Security Agreement, the Business Interruption Insurance Assignment, the Pledge Agreement and all other instruments and agreements now or at any time hereafter securing the whole or any part 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.

  • Security Documents - each Guaranty, each Guarantor Security Agreement, each Mortgage, each Deposit Account Control Agreement, the Business Interruption Insurance Assignment, each Note Pledge Agreement, each Pledge Agreement, each Patent Security Agreement, each Trademark Security Agreement and all other instruments and agreements now or at any time hereafter securing the whole or any part of the Obligations.

  • Security Documents — each Mortgage, each Guaranty, each Pledge Agreement, the Canadian Security Agreement, the Trademark Security Agreement, the Control Agreements, the Business Interruption Insurance Assignment and all other instruments and agreements now or at any time hereafter securing the whole or any part of the 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.

  • Security Documents - the Trademark Security Agreement, each Guaranty, each Security Agreement, the Note Pledge Agreement, the Deposit Account Assignment, the Business Interruption Insurance Assignment, the Agreement Regarding Per-Se Agreements, the Pledge Agreement and all other instruments and agreements now or at any time hereafter securing the whole or any part of the Obligations.

  • 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 each Borrower in favor of Agent, for the benefit of the Lender Group, as security for the payment of the Obligations.

Related to Business Interruption Insurance Assignment

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

  • 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;

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

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

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

  • Casualty insurance means liability insurance.

  • 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.

  • Guaranteed automobile protection insurance means insurance offered in

  • 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.

  • 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.

  • 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.

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

  • ' 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.

  • 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.

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

  • 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”)

  • 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.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

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

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

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

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

  • Personal lines insurance means property and casualty insurance coverage sold for primarily noncommercial purposes to:

  • Credit property insurance means insurance:

  • 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.