Excluded Insurance definition

Excluded Insurance has the meaning set forth in Section 2.05.
Sample 1Sample 2Sample 3
Excluded Insurance means the Business Interruption Insurance (as defined in the Hotel Management Agreement) for the Hotel (as defined in the Hotel Management Agreement) for so long as the Hotel Management Agreement is in effect and prohibits Borrower from granting a mortgage or security interest on the Business Interruption Insurance.
Sample 1

Examples of Excluded Insurance in a sentence

  • Prior to January 1, 2005, the LLC shall, subject to insurance market conditions and other factors beyond its control, maintain policies of insurance (other than Excluded Insurance), including for the benefit of the Corporation or any Person in the Corporation Group, that are comparable to those maintained generally by the LLC.

  • The Corporation acknowledges and agrees that, prior to the Separation Date, it shall obtain its own Excluded Insurance with respect to events occurring prior to the Separation that would not be covered by the LLC's policies (e.g. IPO-related claims).

  • All Excluded Insurance Policies issued prior to the Closing Date in the name of or to the Acquired Companies shall remain with Quiksilver or its Affiliates (other than the Acquired Companies).

  • Buyer and the Company agree after the Closing to cooperate, and to cause their respective Affiliates to cooperate with Cyprus Amax and the Continuing Affiliates in connection with the Excluded Insurance Matters (it being agreed that Cyprus Amax will be responsible for any out of pocket expenses incurred in connection therewith).

  • The Agent shall, upon receipt of such proceeds (other than Excluded Insurance Proceeds) and at Borrower's direction, either apply the same to the principal amount of the Loans outstanding at the time of such receipt and create a corresponding reserve against Revolving Credit Availability in an amount equal to such application (the "DECISION RESERVE") or hold them as cash collateral for the Obligations.

  • Seller and its Affiliates (other than the Acquired Companies) shall retain all right, title and interest in and to the Excluded Insurance Policies, including the right to any credit or return premiums due, paid or payable in connection with the termination thereof; provided, however, that to the extent any returned premiums have been paid by an Acquired Company, such returned premiums shall belong to Buyer.

  • Property Damage: damage to or destruction of the Property (excluding the Excluded Insurance Items) that makes the Property unfit for occupation and use.

  • At Closing, the Insurance policies set forth on Exhibit 4.11 (the “Excluded Insurance Policies”) will be modified to remove each Company as an additional insured party, and any refunds or proceeds resulting from the removal of any Company as an additional insured party under the Excluded Insurance Policies will be retained by Sellers.

  • The amount of the Excluded Insurance Subsidiary Liabilities shall be subject to audit and to approval by FBLI after Closing.

  • The Corporation acknowledges and agrees that, prior to the Separation Date, it shall obtain its own Excluded Insurance with respect to events occurring prior to the Separation that would not be covered by the LLC’s policies (e.g. IPO-related claims).

Related to Excluded Insurance

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • 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.

  • Required Insurance shall have the meaning provided in Section 9.03.

  • Required Insurances means collectively the Project Facility Insurances and the Contractor Insurances.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • 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.

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

  • 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.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • 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.

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

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

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

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

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

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