Century Indemnity definition

Century Indemnity means Century Indemnity Company (as successor to CCI Insurance Company, as successor to Insurance Company of North America), and Central National Insurance Company.
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Examples of Century Indemnity in a sentence

  • The Sealed Avoidance Action was also commenced as a separate adversary proceeding in order to resolve a motion to intervene filed by Continental Casualty Company and Continental Insurance Company (and joined by Century Indemnity Company, ACE American Insurance, ACE Property and Casualty Insurance Company) in the Omnibus Avoidance Action.

  • Each Party represents and warrants, which representation and warranty is based solely upon an inquiry performed by their respective employees and, in the case of Century Indemnity Company, the employees of Resolute Management, Inc.

  • Each Party represents and warrants that neither it nor any of its predecessors, successors, assigns, or affiliates has previously assigned, transferred or purported to assign or transfer to any other Person any right, Claim, Demand, claim of right, or cause of action released, waived or assigned herein; provided, however, that the Century Entities have previously disclosed that Century Indemnity Company, is successor to CCI Insurance Company, which is successor to Insurance Company of North America.

  • Century and One Beacon have answered admitting issuance of the excess policies, but contesting coverage and providing documentation proving they received notice of the claims in the 1990s.On March 31, 2017, the District Court granted motions filed by Century Indemnity and One Beacon dismissing all of NYSEG’s claims against both defendants on the grounds of late notice.

  • The obligation to pay the Settlement and Buyback Amount is several, not joint and several, to the Century Entities, and, without waiver of that understanding, Century Indemnity Company is the only entity assuming the payment obligation, which it assumes in full.

  • The Parties further agree that the Settlement and Buyback Amount is at least equal to the fair value of the Subject Policies, and that upon the First Payment Date, Century Indemnity Company shall be deemed to own the Subject Policies free and clear of all Interests of any Person.

  • Other than any pending or threatened Claims by Debtors against the Century Entities under the Subject Policies, Century Indemnity Company represents and warrants which representation and warranty is based solely upon an inquiry performed by its employees and the employees of Resolute Management, Inc.

  • No change, amendment, variation or modification of the terms of this Settlement and Buyback Agreement shall be valid unless it is made in writing and signed the Debtors, and Century Indemnity Company.

  • Even if the contingencies of the previous sentence are met, Century Indemnity Company shall nonetheless have an obligation to pay the Unpaid Amount if and in the dollar amount that the Century Entities are entitled to receive a credit or set-off pursuant to the Asbestos Fund Legislation that diminishes the Asbestos Fund Payment, which credit or set-off is permitted in recognition of the obligation of the Century Entities under this Settlement and Buyback Agreement to pay towards the Unpaid Amount.

  • Other than payment by Century Indemnity Company of the Settlement and Buyback Amount, under no circumstances will any of the Century Entities ever be obligated to make any additional payments to the Debtors, the Trust, or any other Person on account of any and all Claims of any kind in connection with the Subject Policies or for any asbestos-related Claim relating to the Congoleum Entities under the policies listed in Exhibit F.

Related to Century Indemnity

  • Primary Indemnitor means any Person (other than the Assuming Institution or any of its Affiliates) who is obligated to indemnify or insure, or otherwise make payments (including payments on account of claims made against) to or on behalf of any Person in connection with the claims covered under Article XII, including without limitation any insurer issuing any directors and officers liability policy or any Person issuing a financial institution bond or banker's blanket bond.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among ▇▇▇▇▇ ▇, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Indemnity means the payment of an amount to offset all or part of an insured loss.

  • Tax Indemnity Agreement means that certain Tax Indemnity Agreement [NW ____ _], dated as of the date hereof, between the Owner Participant and Lessee, as originally executed or as modified, amended or supplemented pursuant to the applicable provisions thereof.

  • Tax Indemnity means the deed of covenant against Taxation in the Agreed Terms to be entered into at Closing;