Casualty Insurance Claims definition

Casualty Insurance Claims shall have the meaning set forth in Section 5.9(a).
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Casualty Insurance Claims means workers’ compensation, auto liability, general liability and products liability claims and claims for damages caused to the facilities of TPC generally insured under all risk, real property, boiler and mechanical breakdown insurance coverage all with dates of occurrence prior to the date of Closing. The Casualty Insurance Claims are subject to the provisions of the Insurance Policies with insurance carriers and contractual arrangements with insurance adjusters maintained by CCE or its Affiliates prior to the Closing. With respect to the Casualty Insurance Claims where coverage is available under the Insurance Policies, the following procedures shall apply: (i) CCE or its Affiliates shall continue to administer, adjust, settle and pay, on behalf of TPC, all Casualty Insurance Claims; provided, however, that CCE will obtain the consent of ETP prior to adjusting, settling or paying any Casualty Insurance Claim of an amount greater than $100,000 and provided further, that CCE shall permit ETP to join CCE in any settlement negotiations with claimants, insurers, or insurance adjusters and (ii) CCE shall invoice TPC at the end of each month for Casualty Insurance Claims paid on behalf of TPC. ETP shall cause TPC to pay the invoice within thirty (30) days of its date. In the event that TPC does not pay CCE within thirty (30) days of such invoice, interest at the rate of ten percent (10%) per annum shall accrue on the amount of such invoice. Casualty Insurance Claims to be paid by CCE hereunder shall include all costs necessary to settle claims including compensatory, medical, legal and other allocated expenses, net of insurance proceeds. In the event that any Casualty Insurance Claims exceeds a deductible or self-insured retention under the Insurance Policies, CCE shall be entitled to the benefit of any insurance proceeds that may be available to discharge any portion of such Casualty Insurance Claim.
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Casualty Insurance Claims means workers' compensation, auto liability, general liability and products liability claims. The Casualty Insurance Claims are subject to the provisions of policies of insurance with insurance carriers and contractual arrangements with insurance adjusters maintained by Seller prior to the Closing (collectively, the "Insurance Policies"). With respect to the Casualty Insurance Claims, the following procedures shall apply: (i) Seller shall continue to administer, adjust, settle and pay, on behalf of Snapple, all Casualty Insurance Claims with dates of occurrence prior to the date of Closing; provided, that Seller will obtain the consent of Acquiror prior to adjusting, settling or paying any Casualty Insurance Claim of an amount greater than $50,000; and (ii) Seller shall invoice Snapple at the end of each month for Casualty Insurance Claims paid on behalf of Snapple by the Seller or Seller's insurance company or insurance adjuster during the previous month. Acquiror shall cause Snapple to pay the Seller within 15 days of the date of each monthly invoice. In the event that Snapple does not pay Seller within 15 days of such invoice, interest at the rate of 10% per annum shall accrue on the amount of such invoice. Casualty Insurance Claims to be paid by Snapple hereunder shall include all costs necessary to settle claims including, but not limited to, compensatory, medical, legal and other allocated expenses. In the event that any Casualty Insurance Claim exceeds a deductible or self-insured retention under the Insurance Policies, and provided that Snapple shall have properly paid any costs related to such Casualty Insurance Claim, Snapple shall be entitled to the benefit of any insurance proceeds that may be available to discharge any portion of such Casualty Insurance Claim.
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Examples of Casualty Insurance Claims in a sentence

  • Id. Accordingly, nothing in the text of the statute prevents its application to this matter.40Illinois National points out that the statute appears in a Part of the Louisiana Insurance Code entitled “Property and Casualty Insurance Claims Payments.” The placement of a statute within the code can elucidate ambiguities.

  • The Casualty Insurance Claims are subject to the provisions of the Insurance Policies with insurance carriers and contractual arrangements with insurance adjusters maintained by Seller or its Affiliates prior to the Closing.

  • Casualty Insurance Claims to be paid by Seller hereunder shall include all costs necessary to settle claims including compensatory, medical, legal and other allocated expenses, net of insurance proceeds.

  • In the event that any Casualty Insurance Claims exceeds a deductible or self-insured retention under the Insurance Policies, Seller shall be entitled to the benefit of any insurance proceeds that may be available to discharge any portion of such Casualty Insurance Claim.

  • For purposes hereof, "Casualty Insurance Claims" shall mean workers' compensation, auto liability, general liability and products liability claims.

  • For purposes hereof, "Casualty Insurance Claims" shall mean workers' compensation, auto liability, general liability and products liability claims and claims for damages caused to PEPL facilities generally insured under all risk, real property, boiler and mechanical breakdown insurance coverage.

  • Casualty Insurance Claims to be paid by PEPL hereunder shall include all costs necessary to settle claims including, but not limited to, compensatory, medical, legal and other allocated expenses.

  • Casualty Insurance Claims to be paid by Snapple hereunder shall include all costs necessary to settle claims including, but not limited to, compensatory, medical, legal and other allocated expenses.

  • The Casualty Insurance Claims are subject to the provisions of policies of insurance with insurance carriers and contractual arrangements with insurance adjusters maintained by PEC or its Affiliates prior to the Closing (collectively, the "Insurance Policies").

  • The Casualty Insurance Claims are subject to the provisions of policies of insurance with insurance carriers and contractual arrangements with insurance adjusters maintained by Seller prior to the Closing (collectively, the "Insurance Policies").


More Definitions of Casualty Insurance Claims

Casualty Insurance Claims means any liability claims incurred prior to the Closing (and for which claims have been made under the appropriate Insurance Policies prior to the Closing, or for which claims may be made under the appropriate Insurance Policies after the Closing based on pre-closing coverage on a "claims incurred" (rather than "claims made") basis) for which coverage is provided under any casualty insurance policy maintained by Seller or its Affiliates (other than the Transfer Group Companies) prior to Closing and any contractual arrangements between Seller or its Affiliates (other than the Transfer Group Companies) and their insurance claims service companies in effect prior to the Closing (collectively, the "Insurance Policies"), including policies of workers' compensation, automobile liability, general liability, and excess liability to the extent applicable and claims for physical damage/business interruption incurred by any Transfer Group Company facility insured under property and boiler and machinery (machinery breakdown) policies. The Casualty Insurance Claims shall be subject to the terms and conditions of the Insurance Policies. With respect to the Casualty Insurance Claims, the following procedures shall apply:
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Casualty Insurance Claims means workers' compensation, auto liability, general liability and products liability claims and claims for damages caused to the facilities of the Entities generally insured under all risk, real property, boiler and mechanical breakdown insurance coverage which are disclosed on Section 5.6(a) of the Seller Disclosure Letter. The Casualty Insurance Claims are subject to the provisions of policies of insurance with insurance carriers and contractual arrangements with insurance adjusters maintained by Seller or its Affiliates prior to the date hereof (collectively, the "Insurance Policies"). With respect to the Casualty Insurance Claims, the following procedures shall apply: (i) Seller or its Affiliates shall continue to administer, adjust, settle and pay, on behalf of the Entities, all Casualty Insurance Claims with dates of occurrence prior to the date of hereof and (ii) Seller shall invoice Buyer at the end of each month for Casualty Insurance Claims paid on behalf of the Entities by Seller. In the event that Buyer does not pay, or cause to be paid, to Seller such amount due within fifteen (15) days of such invoice, interest at the rate of ten percent (10%) per annum shall accrue on the amount of such invoice. Casualty Insurance Claims to be paid by Seller hereunder shall include all costs necessary to settle claims including compensatory, medical, legal and other allocated expenses. In the event that any Casualty Insurance Claims exceeds a deductible or self-insured retention under the Insurance Policies, Seller shall be entitled to the benefit of any insurance proceeds that may be available to discharge any portion of such Casualty Insurance Claim.
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Casualty Insurance Claims means any claims in respect of events that occurred prior to the Closing under any of the casualty insurance policies relating to business interruption or property or physical damage maintained by the Seller or its Affiliates prior to the Closing with respect to the Assets or business of the Project Company and listed on Schedule 7.17(b) (the “Progress Insurance Policies”). The Seller will, and will cause its Affiliates to, maintain all Progress Insurance Policies in full force and effect at all times prior to the Closing. The parties acknowledge that the Casualty Insurance Claims shall be subject to the terms and conditions of the Progress Insurance Policies. With respect to the Casualty Insurance Claims, the following procedures shall apply: (i) an authorized officer of the Purchaser or the Project Company shall deliver written notice to the Seller of any Casualty Insurance Claim of which it becomes aware following the Closing and which such authorized officer believes in good faith may be covered by any of the Progress Insurance Policies, and (ii) the Seller and its Affiliates shall, in good faith and in cooperation and consultation with the Purchaser, promptly and with due expediency submit, administer, investigate, evaluate and dispose of all Casualty Insurance Claims with the appropriate insurer and the insurance claims service company on behalf of the Purchaser or the Project Company, such that any and all proceeds from such Casualty Insurance Claim will be paid by the Seller or its Affiliates over to the Project Company; provided, however, that from and after the Closing, in no event shall the Seller or any of its Affiliates be required to file any Action or initiate any other proceeding against any underwriter of any Progress Insurance Policy in respect of any
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Casualty Insurance Claims means workers' compensation, auto liability, general liability and products liability claims. The Casualty Insurance Claims are subject to the provisions of policies of insurance with insurance carriers and contractual arrangements with insurance adjusters maintained by Seller prior to the Closing (collectively, the "Insurance Policies"). With respect to the Casualty Insurance Claims, the following procedures shall apply: (i) Seller shall continue to administer, adjust, settle and pay, on behalf of Snapple, all Casualty Insurance Claims with dates of occurrence prior to the date of Closing; provided, that Seller will obtain the consent of Acquiror prior to adjusting, settling or paying any Casualty Insurance Claim of an amount greater than $50,000; and (ii) Seller shall invoice Snapple at the end of each month for Casualty Insurance Claims paid on behalf of Snapple by the NYFS09...:\69\68669\0030\165\AGRN266W.00J Seller or Seller's insurance company or insurance adjuster during the previous month. Acquiror shall cause Snapple to pay the Seller within 15 days of the date of each monthly invoice. In the event that Snapple does not pay Seller within 15 days of such invoice, interest at the rate of 10% per annum shall accrue on the amount of such invoice. Casualty Insurance Claims to be paid by Snapple hereunder shall include all costs necessary to settle claims including, but not limited to, compensatory, medical, legal and other allocated expenses. In the event that any Casualty Insurance Claim exceeds a deductible or self-insured retention under the Insurance Policies, and provided that Snapple shall have properly paid any costs related to such Casualty Insurance Claim, Snapple shall be entitled to the benefit of any insurance proceeds that may be available to discharge any portion of such Casualty Insurance Claim.
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Casualty Insurance Claims has the meaning set forth in Section 7.15(a).
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Related to Casualty Insurance Claims

  • Casualty insurance means liability insurance.

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

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • Insurance and Condemnation Proceeds shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

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

  • 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.

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

  • Net Insurance/Condemnation Proceeds means an amount equal to: (a) any Cash payment or proceeds (including Cash Equivalents) received by the Borrower or any of its Restricted Subsidiaries (i) under any casualty insurance policy in respect of a covered loss thereunder of any assets of the Borrower or any of its Restricted Subsidiaries or (ii) as a result of the taking of any assets of the Borrower or any of its Restricted Subsidiaries by any Person pursuant to the power of eminent domain, condemnation, expropriation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking, minus (b) (i) any actual out-of-pocket costs incurred by the Borrower or any of its Restricted Subsidiaries in connection with the adjustment, settlement or collection of any claims of the Borrower or the relevant Restricted Subsidiary in respect thereof, (ii) payment of the outstanding principal amount of, premium or penalty, if any, and interest and other amounts on any Indebtedness (other than the Loans, Indebtedness outstanding with respect to the Second Lien Term Loans and any Indebtedness secured by a Lien on the Collateral that is pari passu with or expressly subordinated to the Lien on the Collateral securing any Secured Obligation) that is secured by a Lien on the assets in question and that is required to be repaid or otherwise comes due under the terms thereof as a result of such loss, taking or sale, (iii) in the case of a taking, the reasonable out-of-pocket costs of putting any affected property in a safe and secure position, (iv) any selling costs and out-of-pocket expenses (including reasonable broker’s fees or commissions, legal fees, transfer and similar Taxes and the Borrower’s good faith estimate of income or other Taxes paid or payable (including pursuant to Tax sharing arrangements or any Tax distribution)) in connection with any sale or taking of such assets as described in clause (a) of this definition, (v) any amounts provided as a reserve in accordance with GAAP against any liabilities under any indemnification obligation or purchase price adjustments associated with any sale or taking of such assets as referred to in clause (a) of this definition (provided that to the extent and at the time any such amounts are released from such reserve (other than in connection with a payment in respect of such liability), such amounts shall constitute Net Insurance/Condemnation Proceeds) and (vi) the pro rata portion of such Net Insurance/Condemnation Proceeds (calculated without regard to this clause vi) attributable to minority interests and not available for distribution to or for the account of the Borrower and the Restricted Subsidiaries as a result thereof.

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

  • Net Insurance Proceeds Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

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

  • Insurance and Condemnation Event means the receipt by any Credit Party or any of its Subsidiaries of any cash insurance proceeds or condemnation award payable by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of their respective Property.

  • Insured Casualty has the meaning set forth in Section 5.1(x)(iv)(B).

  • Condemnation Proceeds All awards or settlements in respect of a Mortgaged Property, whether permanent or temporary, partial or entire, by exercise of the power of eminent domain or condemnation, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.

  • Insurance carrier means every insurance carrier duly

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

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • 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.

  • 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.

  • 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”)

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.