Excluded Insurance Proceeds definition

Excluded Insurance Proceeds means any proceeds of an insurance claim which the Borrower notifies the Agent are, or are to be, applied:

Excluded Insurance Proceeds means the Insurance Proceeds of any insurance claims which:

Excluded Insurance Proceeds means the proceeds of the following insurance claims: (i) in respect of business interruption claims to cover operating losses (including but not limited to loss of profits, operating expenses and other costs) of the Borrower in respect of which the relevant insurance claim was made; (ii) covering, and applied to, a third party claim; or (iii) other insurance claims as approved by the Administrative Agent in its sole discretion.

Examples of Excluded Insurance Proceeds in a sentence

• Pending the giving of any notice or expiry of any specified period (as set out in the relevant definition of Excluded Acquisition Proceeds, Excluded Disposal Proceeds or Excluded Insurance Proceeds), relevant proceeds in respect of which the Borrower has not complied with clause 8.4.1(a) shall be paid into the Holding Account.

• MOTION CARRIEDAyes X X XX X X X X X X Positions ( Tabled on 12/17/2012)Dr. Ayalon made a motion to remove the item from the table and refer it back to the Policy Committee Meeting.

• The Buyer must (or must procure that the Company) pay to the Seller an amount equivalent to the Excluded Insurance Proceeds as soon as possible after the receipt of any Excluded Insurance Proceeds by or on behalf of the Company.

• The Parent and each Borrower further irrevocably authorise the Agent to so apply amounts credited to the Holding Account whether or not the periods detailed in the definitions of Excluded Insurance Proceeds and/or Excluded Disposal Proceeds have elapsed since receipt of those proceeds if a Default has occurred and is continuing.

• 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 Revolving Credit 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.

More Definitions of Excluded Insurance Proceeds

Excluded Insurance Proceeds means any Net Proceeds of insurance claims:

Excluded Insurance Proceeds means the proceeds of the following insurance claims which the Borrower notifies the Administrative Agent are or are not to be applied: (i) in respect of business interruption claims to cover operating losses (including but not limited to loss of profits, operating expenses and other costs) of the Borrower in respect of which the relevant insurance claim was made; (ii) to meet a third party claim; or (iii) other insurance claims as approved by the Administrative Agent.

Excluded Insurance Proceeds means any proceeds of an insurance claim which relate to any insurance drawn for business interruption or third party liability or any insurance relating to player or which:

Excluded Insurance Proceeds means any proceeds of an Insurance claim which a Borrower notifies the Facility Agent will be applied for the replacement, reinstatement and/or repair of the assets or otherwise in amelioration of the loss in respect of which the relevant Insurance claim was made within 6 months after receipt, but in each case such proceeds are not more than RMB 10,000,000 and does not include any proceeds arising out of a total loss or a major damage.

Excluded Insurance Proceeds means any proceeds of an insurance claim which the Borrower notifies the Administrative Agent in writing are, or are to be, applied in the replacement, reinstatement and/or repair of the assets or otherwise in amelioration of the loss in respect of which the relevant insurance claim was made, in each case as soon as possible (but in any event within 90 days) after receipt.

Excluded Insurance Proceeds means any proceeds of an insurance claim which are, or are to be, applied:

Excluded Insurance Proceeds has the meaning given to that term in Clause 11.3 (Acquisition, Disposal, Insurance and Recovery Proceeds and Excess Cashflow).