Casualty Insurance Policy definition

Casualty Insurance Policy means any insurance policy maintained by any Group Company covering losses with respect to Casualties.
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Casualty Insurance Policy means any insurance policy maintained by or on behalf of the Borrower covering losses with respect to Casualties involving one or more Portfolio Railcars.
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Casualty Insurance Policy means any insurance policy maintained by any Group Company covering losses with respect to Casualties. "CASUALTY PROCEEDS" means, subject to SECTION 2.10(c)(ii)(A) and (B), the amount by which the aggregate amount of Net Cash Proceeds received by the Parent Borrower or any of its Subsidiaries from a Casualty Event exceeds US$5,000,000. Following any Casualty/Condemnation Event Offer with respect to any Casualty, the amount of Casualty Proceeds shall be reset to zero.
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Examples of Casualty Insurance Policy in a sentence

  • After completion of construction, Borrower shall maintain an All Risk Casualty Insurance Policy with Vandalism and Malicious Mischief Endorsements, a Full Replacement Cost Endorsement, Contingent Liability from Operation of Building Laws Endorsement, Demolition Cost Endorsement and Increased Cost of Construction Endorsement insuring against loss by fire, wind and all other applicable hazards in the amount of 100% of the replacement cost of the Project and Lender shall be named as mortgagee and loss payee.

  • NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of LeClaire, Iowa, that the City Council approves the annual Property & Casualty Insurance Policy with EMC Insurance Companies through Wehrman Insurance, LeClaire, Iowa, in an amount not to exceed $274,225 for July 1, 2022 to June 30, 2023.

  • This Act may be cited as the Property and Casualty Insurance Policy Simplification Act.

  • Recommend to approve the renewal of the Property & Casualty Insurance Policy with Barclay Group effective 7/1/21-7/1/22.

  • ATIMA for General Liability & Excess Liability pursuant to the terms, conditions, limitations, and exclusions of the JIF Casualty Insurance Policy (but only as respects to the sole negligence of the insured) use of facilities by Woodbridge Fire District #1.

  • Casualty insurance covering the premises (the "Premises Casualty Insurance Policy"), with code upgrade endorsements, with coverage in an amount equal to at least one hundred percent (100%) of the full replacement cost (adjusted annually to reflect the then, current replacement cost) of the premises and all ancillary structures and appurtenances, including the foundation and excavating costs, and the full cost of removal of debris after the occurrence of a casualty.

  • The Select Board shall require a bond, satisfactory to them and paid for by the Town, by a reputable surety company, or other acceptable sureties such as the Town’s Property and Casualty Insurance Policy, for all persons trusted with the collection, custody or disbursements of any moneys of the Town.

  • On the consent agenda is a motion to approve the Auto, General Liability, and Property and Casualty Insurance Policy for the 2020-2021 school year.

  • SeePl.’s Facts Ex. 5 [#26-5] (Atlantic Casualty Insurance Policy).

  • MOTION by Mottola, second by Huntley to approve the City Property & Casualty Insurance Policy Renewal for 2022-23 as presented.MOTION approved unanimously.


More Definitions of Casualty Insurance Policy

Casualty Insurance Policy means any insurance policy maintained by or on behalf of the Borrower covering losses with respect to Casualties involving one or more Portfolio Railcars or other items of Collateral. “Casualty Proceeds” means all proceeds under any Casualty Insurance Policy, and all other insurance proceeds, damages, awards, claims and rights of action of the Borrower with respect to any Casualty. “Closing Date” means June 27, 2002. “Code” means the Internal Revenue Code of 1986, as amended, and any successor statute thereto, as interpreted by the rules and Treasury Regulations issued thereunder, in each case as in effect from time to time. Reference to particular sections of the Code shall be construed also to refer to any successor sections. “Collateral” means all of the property which is subject or is purported to be subject to the Liens granted by the Collateral Documents. “Collateral Agent” means Wilmington Trust Company in its capacity as collateral agent and representative for the Protected Parties under the Security Agreement and the Depository Agreement. “Collateral Deficiency” means, as of any date of determination, the Dollar amount of the excess, if any, of (x) the aggregate outstanding principal amount of the Loans as of such date over (y) the Borrowing Base calculated as of such date. “Collateral Documents” means, collectively, the Security Agreement, each Perfection Certificate, the Depository Agreement, the Customer Collections Account Administration Agreement, the Asset Contribution and Purchase Agreement, the Marks Company Trust Agreement, any additional pledges, security agreements, patent, trademark or copyright filings or mortgages required to be delivered pursuant to the Loan Documents and any instruments of assignment, control agreements, lockbox letters or other instruments or agreements executed pursuant to the foregoing. “Collection Account” means the Collection Account established by the Depositary pursuant to the Depository Agreement. “Commitment” means, with respect to any Committed Lender, the commitment of such Committed Lender, in an aggregate principal amount at any time outstanding of up to such Committed Lender’s Commitment Percentage of the Committed Amount, to make Loans in accordance with the provisions of Section 2.01, in each case as set forth on Schedule 1.01 or in the applicable Assignment and Acceptance as its Commitment, as any such amount may be increased or decreased from time to time pursuant to this Agreement.
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Casualty Insurance Policy means the casualty insurance policy in the amount of $151,000,000 issued by USF&G to insure the Project with respect to certain casualty events and rental interruption events described therein and naming the Trustee as insured thereunder, and any replacement policy delivered to the Trustee pursuant to Section 4.11.
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Related to Casualty Insurance Policy

  • Casualty insurance means liability insurance.

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

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

  • 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.

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

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

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

  • 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.

  • 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.

  • 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.

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

  • 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:

  • 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.

  • 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.

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

  • 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.

  • 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:

  • 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.

  • 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.

  • 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.

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

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

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.