Environmental Insurance Policies definition

Environmental Insurance Policies means those insurance policies described in Schedule 5.13 providing coverage for claims and losses arising from or related to transport, storage, dispensing, release, remediation and assessment with respect to Petroleum Products or Hazardous Substances, or both.
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Environmental Insurance Policies means the environmental insurance policies listed on the attached Schedule 7.2(a).
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Environmental Insurance Policies shall have the meaning set forth in Section 5.19(c).
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Examples of Environmental Insurance Policies in a sentence

  • Buyer has obtained four (4) Environmental Insurance Policies (each, an “EIP”), which include three (3) EIPs that provide coverage for the Retail Sites to be sold by Buyer in connection with the Divestiture Actions after the Closing and one (1) EIP that provides coverage for the remainder of the Retail Sites to be acquired by Buyer at Closing.

  • The Company shall keep the Sellers informed regarding any significant communications with the Insurers, and shall promptly deliver to Sellers copies of any written communications delivered to or received from the Insurers in connection with claims made under the Environmental Insurance Policies.

  • The Master Servicer shall abide by the terms and conditions precedent to payment of claims under the Environmental Insurance Policies with respect to the Environmentally Insured Mortgage Loans and take all such action as may be required to comply with the terms and provisions of such policies in order to maintain such policies in full force and effect and to make claims thereunder.

  • Annex C (to Schedule I) Mortgage Loans Covered By Secured Creditor Environmental Insurance Policies (Representations 12 and 49) None.

  • Indemnification provisions provide prospective buyers, lenders, insurers, and developers with a means of assigning responsibility among themselves for cleanup costs, and encourage negotiations among private parties without government involvement.$ Environmental Insurance Policies - The insurance industry offers products intended to allocate and minimize liability exposures among parties involved in brownfields redevelopment.

  • Buyer and Seller shall each pay fifty percent (50%) of the cost of obtaining such policies; provided, however, that Seller’s share of the cost of obtaining the Environmental Insurance Policies and the Product Liability Policy shall not exceed, in aggregate, $450,000.

  • For the avoidance of doubt, on the Effective Date, the applicable Debtors shall assume (a) all agreements constituting or relating to (x) Asbestos Insurance Policies,(y) Environmental Insurance Policies and (z) the Surety Bond Program.

  • Seller and Buyer shall each be responsible for 50% of the cost of obtaining the Product Liability Policy; provided, however, that Seller’s share of the cost of obtaining the Product Liability Policy and the Environmental Insurance Policies shall not exceed, in aggregate, $450,000.

  • The Company currently has in effect policies of fire, --------- liability, worker's compensation and other insurance which provide coverage as summarized on Schedule 5.13, and Environmental Insurance Policies (collectively, the "Insurance Policies").

  • This responsibility may be satisfied in part by paying the applicable deductible or co-pay to qualify for "first dollar" coverage through the Environmental Insurance Policies or the Trust Fund.


More Definitions of Environmental Insurance Policies

Environmental Insurance Policies means (i) the environmental insurance policies listed on the attached Schedule 7.2(a) and (ii) Zurich Steadfast Insurance Co. Environmental Response, Compensation & Liability Insurance Policy No. PLC3677154-00.”
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Environmental Insurance Policies mean the policies, in form reasonably acceptable to the Sellers and the Buyer, underwritten by Ace American Insurance Company and issued by Illinois Union Insurance Company, with one policy insuring Buyer and a second policy insuring the Company against Environmental Losses and liability under Environmental Laws, including the matters that are subject to the Sellers’ representations and warranties in Section 4.21 (Environmental Matters) with a linking of separate policy aggregate limits of $5,000,000 for a term of five (5) years.
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Environmental Insurance Policies means pollution legal liability insurance policies substantially in the form attached hereto as Exhibit J.
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Related to Environmental Insurance Policies

  • 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.

  • 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.

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

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

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

  • 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.

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

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • 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.

  • Dental Insurance The District shall contribute $175.00 annually toward the cost of dental insurance whether for single or family coverage for full status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction. This coverage shall continue for the duration of this contract.

  • 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.

  • 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.

  • 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.

  • contract of insurance means an agreement between the Secretary of Education and either the Trustee or the Seller providing for the insurance by the Secretary of Education of the principal of and accrued interest on a FFELP Loan to the maximum extent permitted under the Higher Education Act.

  • 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.

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about 11 June 2010 and addressed to, and capable of being relied upon by, the Finance Parties.

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

  • Certificate Insurance Policy The Financial Guaranty Insurance Policy No. CA01172A, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Class AF-3 Certificateholders.

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

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

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

  • Claims Made Policies has the meaning set forth in Section 5.01(b).

  • Environmental Reports means each and every “Phase I Environmental Site Assessment” (and, if applicable, “Phase II Environment Site Assessment”) as referred to in the ASTM Standards on Environmental Site Assessments for Commercial Real Estate, E 1527-2000 and an asbestos survey, with respect to each Mortgaged Property, prepared by one or more Environmental Auditors and delivered to Lender and any amendments or supplements thereto delivered to Lender.

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Environmental Safeguards means the principles and requirements set forth in Chapter V, Appendix 1, and Appendix 4 (as applicable) of the SPS;