Casualty Insurance Policies definition

Casualty Insurance Policies shall: (i) be issued by an insurer having, at all times relevant hereto, a claims paying ability of not less than “A” by A. M. Best Company, Inc. and an investment grade rating by Xxxxx’x, S&P’s and any other rating agency rating such insurer (ii) as to the property insurance, name Lender as a loss payee and the person to which all payments made by such insurance company shall be paid subject, however, to the rights of the Senior Lenders; (iii) be maintained throughout the term of the Loan without cost to Lender; (iv) include a waiver of subrogation against Lender; (v) be assigned and delivered to Lender subject, however, to the rights of Senior Lenders; (vi) contain such provisions as Lender deems reasonably necessary or appropriate to protect its interest including, without limitation, a waiver of subrogation against Lender and endorsements providing that none of Borrower, the relevant Property Owner, Lender or any other party shall be a co-insurer thereunder, and that Lender shall receive at least thirty (30) days prior written notice of any modification, reduction or cancellation thereof; (vii) be issued by an insurer that is fully authorized to do business in the State in which the applicable Property is located; (viii) shall contain an endorsement providing that no act or negligence of Manager or any Loan Party or of a tenant or other occupant shall affect the validity or enforceability of the insurance insofar as Lender is concerned; and (ix) be satisfactory in form and substance to Lender, and be approved by Lender as to amounts, risk coverage, deductible, loss payees and insureds. Prior to the expiration date of each of the Casualty Insurance Policies, Borrower will, or will cause each Property Owner to, deliver to Lender satisfactory evidence of (a) the renewal of each Casualty Insurance Policy, (b) the payment in full of all premiums unless same are being paid through escrows held by the Senior Lenders, and (c) that Lender has been named an additional insured and loss payee thereunder. Borrower shall not, nor shall it permit any Property Owner to, obtain any blanket liability or casualty policy unless, in each case, such policy is approved in advance in writing by Lender. In the event such approval is granted and Borrower, or the relevant Property Owner, obtains a blanket policy, such policy shall specifically allocate to the applicable Property the amount of coverage from time to time required hereunder and shall otherwise provide the same prot...
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Casualty Insurance Policies means fire insurance, comprehensive property damage, public liability, worker's compensation, and other insurance deemed necessary or otherwise required by Lender.
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Casualty Insurance Policies means fire insurance, comprehensive property damage, public liability, worker's compensation, and other insurance deemed necessary or otherwise required by Lender. Each of the Casualty Insurance Policies shall name Lender as an additional insured and shall be specifically endorsed to provide for at least thirty (30) days prior written notice to Lender of cancellation or modification thereof. The insurance provisions of this Agreement are cumulative of any insurance provisions contained in the Security Instrument.
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Examples of Casualty Insurance Policies in a sentence

  • OLF will be named as an insured party on OSB's Public Liability and Casualty Insurance Policies.

  • The following types of Property and Casualty Insurance Policies, and any subsets thereof, maintained by the City shall not, in any way, be regarded as “economic benefits”: Property, Employee Theft, Boiler & Machinery, Inland Marine, Public Officials Liability, Automobile, General Liability, Employment Practices Liability.

  • From and after the Closing through December 31, 2016, Sellers shall maintain in full force and effect (at Buyer’s expense, if any), as property of Sellers, all of Sellers’ Liability Insurance Policies and Casualty Insurance Policies (in each case, as defined in the Agency Agreement) providing coverage in relation to Sellers, the Stores (other than closed Stores), or the Acquired Assets (whether such policies are maintained with third party insurers or with such Seller or its Affiliates).

  • Approval of 2021-2022 Renewal of Property and Casualty Insurance Policies as Presented by Bolton & CompanyIt is recommended the Board approve the renewal rates for all property and casualty insurance policies for the 2021-2022 school year as presented by Bolton & Company.

  • From and after the Closing, Sellers shall reasonably cooperate with Buyer (at Buyer’s expense) to process and collect any claims made by Buyer under any such Liability Insurance Policies and Casualty Insurance Policies (in each case, as defined in the Agency Agreement).

  • Finance and Budget; Authorize the County Administrator to Execute Renewal of the County’s Property and Casualty Insurance Policies Mrs.

  • The following types of Property and Casualty Insurance Policies, and any subsets Property, Employee Theft, Boiler & Machinery, Inland Marine, Public Officials Liability, Automobile, General Liability, Employment Practices Liability.

  • Fuscaldo A-18 Request for Approval of Renewal of Property and Casualty Insurance Policies for 2022; presented by T.

  • Construction Warrant Number 004137 004139 $ 61,987.99 Operational Warrant Numbers 129484 – 129767 $2,715,064.55 2.*Renewal of Property & Casualty Insurance Policies – Wells Fargo Insurance Services USA, Inc.

  • Approval of Estimated Amount for Property and Casualty Insurance Policies for the 2023-2024 year as presented by Bolton & Company (Renewal)It is recommended the Board approve the renewal rates for all property and casualty insurance policies for the 2023-2024 school year.

Related to Casualty Insurance Policies

  • Casualty insurance means liability insurance.

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

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

  • 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 Policies has the meaning set forth in Section 3.16.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • 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.

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

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

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • 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.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Credit property insurance means insurance:

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

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

  • 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.

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

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.