Contingent and Excess Liability Insurance Policy definition

Contingent and Excess Liability Insurance Policy has the meaning set forth in the Basic Servicing Agreement.

Contingent and Excess Liability Insurance Policy has the meaning set forth in the Titling Company Servicing Agreement.

Contingent and Excess Liability Insurance Policy means all contingent, excess or umbrella policies from time to time issued with the Titling Company named as an additional insured or loss payee, in each case to the extent applicable to any Lease or Leased Vehicle and, in each case, all replacement or successor policies.

Examples of Contingent and Excess Liability Insurance Policy in a sentence

• Notwithstanding the foregoing, the Servicer shall only be required to maintain the Contingent and Excess Liability Insurance Policy that is required to be maintained by the Servicer in the most recent Public ABS Transaction; provided, that if no such Contingent and Excess Liability Insurance Policy is required to be maintained in the most recent Public ABS Transaction, then no such Contingent and Excess Liability Insurance Policy shall be required hereunder.

• So long as any Securities are outstanding, the Servicer shall maintain and pay when due all premiums with respect to the Contingent and Excess Liability Insurance Policies unless the termination or other modification of any Contingent and Excess Liability Insurance Policy will not reduce the Servicer’s insurance coverage below the $5 million minimum and the Rating Agency Condition is satisfied with respect to such termination or other modification.

• The contract will invariably provide an annuity distribution option that participants may elect.

• So long as any Securities are outstanding, the Servicer shall maintain and pay when due all premiums with respect to the Contingent and Excess Liability Insurance Policies unless the termination or other modification of any Contingent and Excess Liability Insurance Policy will not reduce the Servicer’s insurance coverage below the $10 million minimum and the Rating Agency Condition is satisfied with respect to such termination or other modification.

• Notwithstanding the foregoing, the Servicer shall only be required to maintain the Contingent and Excess Liability Insurance Policy that is (NALT 2013-B SUBI Servicing Supplement) required to be maintained by the Servicer in the most recent Public ABS Transaction; provided, that if no such Contingent and Excess Liability Insurance Policy is required to be maintained in the most recent Public ABS Transaction, then no such Contingent and Excess Liability Insurance Policy shall be required hereunder.

• The operation must ensure there is always at least one person on premises with documented first aid training.

• Notwithstanding the foregoing, the Servicer shall only be required to maintain the Contingent and Excess Liability Insurance Policy that is (NALT 2018-A SUBI Servicing Supplement) required to be maintained by the Servicer in the most recent Public ABS Transaction; provided, that if no such Contingent and Excess Liability Insurance Policy is required to be maintained in the most recent Public ABS Transaction, then no such Contingent and Excess Liability Insurance Policy shall be required hereunder.

• Notwithstanding the foregoing, the Servicer shall only be required to maintain the Contingent and Excess Liability Insurance Policy that is (NALT 2014-A SUBI Servicing Supplement) required to be maintained by the Servicer in the most recent Public ABS Transaction; provided, that if no such Contingent and Excess Liability Insurance Policy is required to be maintained in the most recent Public ABS Transaction, then no such Contingent and Excess Liability Insurance Policy shall be required hereunder.

• Notwithstanding the foregoing, the Servicer shall only be required to maintain the Contingent and Excess Liability Insurance Policy that is (NALT 2017-A SUBI Servicing Supplement) required to be maintained by the Servicer in the most recent Public ABS Transaction; provided, that if no such Contingent and Excess Liability Insurance Policy is required to be maintained in the most recent Public ABS Transaction, then no such Contingent and Excess Liability Insurance Policy shall be required hereunder.

• Notwithstanding the foregoing, the Servicer shall only be required to maintain the Contingent and Excess Liability Insurance Policy that is (NALT 2015-B SUBI Servicing Supplement) required to be maintained by the Servicer in the most recent Public ABS Transaction; provided, that if no such Contingent and Excess Liability Insurance Policy is required to be maintained in the most recent Public ABS Transaction, then no such Contingent and Excess Liability Insurance Policy shall be required hereunder.

More Definitions of Contingent and Excess Liability Insurance Policy

Contingent and Excess Liability Insurance Policy has the meaning set forth in the Basic Servicing Agreement. 7 (NALT 2013-A Agreement of Definitions)

Contingent and Excess Liability Insurance Policy means that certain policy numbered 5539875 issued to the Servicer and the Trustee, on behalf of the Trust, by Lexington Insurance Company and that certain policy numbered BE 9324116 issued to the Servicer and the Trustee on behalf of the Trust by National Union Fire Insurance Company of Pittsburgh, Pennsylvania and that certain policy numbered XLUMB-00260 issued to J.M. Xxxily Enterprises, Inc. by X.L. Insurance Company, Ltd. with the Origination Trustee named as an additional insured or loss payee, plus all excess or umbrella policies from time to time issued with the Origination Trustee named as an additional insured or loss payee, in each case to the extent applicable to any 1997-A Lease or 1997-A Leased Vehicle.

Contingent and Excess Liability Insurance Policy means the policy numbered ACV70334G-0, issued to the Servicer and the Trustee, on behalf of the Origination Trust, by Yasuda Fire and Marine of America, plus all contingent, excess or umbrella policies from time to time issued with the Trustee or the Origination Trust named as an additional insured or loss payee, in each case to the extent applicable to any Lease or Leased Vehicle and, in each case, all replacement or successor policies.

Contingent and Excess Liability Insurance Policy means those certain policies numbered 5662073, 5662074 and 5662075 issued to the Servicer and the Trustee, on behalf of the Trust, by Gulf Insurance Company and that certain policy numbered BE 3102525 issued to the Servicer and the Trustee on behalf of the Trust by National Union Fire Insurance Company of Pittsburgh, Pennsylvania and that certain policy numbered XLUMB-1260 issued to J.M. Xxxily Enterprises, Inc. by X.L. Insurance Company, Ltd. with the Origination Trustee named as an additional insured or loss payee, plus all excess or umbrella policies from time to time issued with the Origination Trustee named as an additional insured or loss payee, in each case to the extent applicable to any 1996-B Lease or 1996-B Leased Vehicle.

Contingent and Excess Liability Insurance Policy means that certain policy numbered [___] issued to the Servicer and the Trustee, on behalf of the Trust, by [___] and that certain policy numbered [___] issued to the Servicer and the Trustee on behalf of the Trust by [___] and that certain policy numbered [___] issued to X.X. Family Enterprises, Inc. by [___] with the Origination Trustee named as an additional insured or loss payee, plus all excess or umbrella policies from time to time issued with the Origination Trustee named as an additional insured or loss payee, in each case to the extent applicable to any 1998-A Lease or 1998-A Leased Vehicle.