Cover Note definition

Cover Note means a certificate issued by an insurer and or by an insurer via a broker confirming that a policy of insurance is operative and which general use is as a temporary measure between the commencement of cover and the issue of the policy of insurance
Cover Note. A document issued by an agent or a broker which tells the insured that the agent or broker has effected the insurance described therein. Since there are often delays in issuing, a cover note gives the insured a description of what insurance the agent or broker has put in effect. A cover note is similar to a binder although a binder has greater validity, being a document issued by a company or its agent instead of one given by the broker to his customer. Excess of Loss Reinsurance: A form of reinsurance which indemnifies the ceding company for that portion of the loss (arising out of a loss occurrence) which is in excess of a stipulated sum or primary retention of the ceding company. Excess of Loss is the normal form of reinsurance of liability risks, but it also has special applications in all branches. It should never be confused with Surplus, which in reinsurance always refers to a pro rata distribution of the original coverage when it exceeds specified amounts. Ex Gratia Payment: A payment made for which the company is not liable under the terms of its policy. Usually made in lieu of incurring greater legal expenses in defending a claim. Rarely encountered in reinsurance as the reinsurer by custom and for practical reasons follows the fortunes of the ceding company.
Cover Note means the portion of the Agreement termed as “Agreement Cover Note” which sets out some of the key terms of the Agreement.

Examples of Cover Note in a sentence

  • The bidder shall provide Performa Invoice of principal on CPT/CFR basis as per supply order along with Insurance / Cover Note and CDR within fortnight in favor of Director (DPIC) as security equal to 100% amount of the goods to initiate the LC at sight.

  • The bidder shall provide Performa Invoice of principal on CPT/CFR basis as per supply order along with Insurance / Cover Note and CDR within fortnight in favor of Director (DPIC) as security equal to 100% amount of the goods to be imported to proceed for advance payment to the exporter.

  • In case the bidder, is unable to provide CDR in favor of Director (DPIC) as security equal to 100% amount of the goods to be imported, may chose this option and shall provide Performa Invoice of principal on CPT/CFR basis as per supply order along with Insurance / Cover Note within fortnight to initiate the LC on usance basis (minimum usance period 60 days from the date of Airway Bill OR 90 days from the date of Bill of Lading).

  • The bidder shall provide Performa Invoice of principal on CPT/CFR basis as per supply order and CDR as security equal to 100% amount of the goods to be imported and shall provide Performa Invoice of principal on CPT/CFR basis as per supply order along with Insurance / Cover Note within fortnight to initiate the LC on usance basis (minimum usance period 60 days from the date of Airway Bill OR 90 days from the date of Bill of Lading).

  • The bidder shall provide Performa Invoice of principal on CPT/CFR basis as per supply order along with Insurance / Cover Note and CDR as security equal to 100% amount of the goods within fortnight in favor of Director (DPIC) to be imported to proceed for advance payment to the exporter.

  • The bidder shall provide Performa Invoice of principal on CPT/CFR basis as per supply order along with Insurance / Cover Note and CDR as security equal to 100% amount of the goods within fortnight in favor of Director (DPIC) to initiate the LC at sight.

  • The interview recordings were downloaded on to my personal computer and the files named using a participant number and a corresponding pseudonym.

  • The bidder shall provide Performa Invoice of principal on CPT/CFR basis as per supply order along with Insurance / Cover Note and CDR within fortnight in favor of Director (DPIC) as security equal to 100% amount of the goods to be imported to proceed for advance payment tothe exporter.

  • The bidder shall provide Performa Invoice of principal on CPT/CFR basis as per supply order along with Insurance / Cover Note and CDR or Pay Order/Demand Draft within fortnight in favor of Director (DPIC) as security equal to 100% amount of the goods to initiate the LC at sight.

  • In case the bidder, is unable to provide CDR in favor of Director (DPIC) as security equal to 100% amount of the goods to be imported, may chose this option and shall provide Performa Invoice of principal on CPT/CFR basis as per supply order along with Insurance/ Cover Note within fortnight to initiate the LC on usance basis (minimum usance period 60 days from the date of Airway Bill OR 90 days from the date of Bill of Lading).


More Definitions of Cover Note

Cover Note means a confirmation given by a reinsurance company or a broker to a cedant that coverage has been effected. A cover note is provided pending the issuance of a formal and comprehensive reinsurance contract;
Cover Note means a document summarizing the terms and conditions of an or several insurance policy or policies brokered by Orbis on behalf of the Client.
Cover Note means an interim contract of insurance issued by Our office.
Cover Note or “slip” means a reinsurer’s or broker’s confirmation to a cedant that coverage has been effected. It is usually a one or two-page summary of the coverage, and is provided pending issuance of a formal reinsurance contract;

Related to Cover Note

  • Bridge Note means any promissory note issued by Borrower pursuant to the terms of the Bridge Note Agreement.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Master Note means a Master Promissory Note in the form mandated by Section 432(m)(1)(D) of the Higher Education Act, as added by Pub. L. 105-244, ss. 427,112 Stat. 1702 (1998) as amended by Public Law No: 106-554 (enacted December 21, 2000) and as codified at 20 U.S.C. ss. 1082(m)(1).

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Revolver Note means any one of such Revolver Notes.

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • RMB Note means a Note denominated in Renminbi.

  • Existing Note means a Note (as defined in the Existing Credit Agreement) that is issued and outstanding immediately prior to the effectiveness of this Agreement.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Original Note shall have the meaning assigned to such term in the recitals.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.

  • B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.

  • Legended Note means Registered Notes in definitive form that are issued to Institutional Accredited Investors and Registered Notes (whether in definitive form or represented by a Registered Global Note) sold in private transactions to QIBs in accordance with the requirements of Rule 144A;

  • Contract Note means a promissory note of the Borrower payable to the order of a Lender, in substantially the form of Exhibit 1.01A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Contract Advances made by such Lender to the Borrower.

  • Demand Note means the note issued by the rating authority, in relation to the premises for the purpose of levying non-domestic rates prescribed by Scottish Ministers for the financial year, in respect of which a claim is made under this Determination;

  • Advance Purchase Agreements means (a) an advance or deferred purchase agreement if the agreement is in respect of the supply of assets or services and payment in the normal course of business with credit periods which are normal for the relevant type of project contracts, or (b) any other trade credit incurred in the ordinary course of business.

  • Note Purchase Agreement means the Note Purchase Agreement, dated as of the Issuance Date, among the Company, the Subordination Agent, the Escrow Agent, the Paying Agent, and the Pass Through Trustee under each Pass Through Trust Agreement providing for, among other things, the issuance and sale of certain equipment notes, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Note Purchase Agreements means (i) that certain Note Purchase Agreement, dated as of April 16, 2014 among the Parent, the Borrower, and the purchasers party thereto, (ii) that certain Note Purchase Agreement, dated as of December 18, 2014 among the Parent, the Borrower, and the purchasers party thereto, and (iii) that certain Note Purchase Agreement, dated as of June 13, 2018, among the Parent, the Borrower, and the purchasers party thereto, in each case as amended from time to time.

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.