Insurable Loss definition

Insurable Loss means any of
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Insurable Loss means acres of Flower Bulbs that are damaged by an insurable peril (as described in paragraph 2.1), that are approved for destruction by us, and that you destroy;
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Insurable Loss means loss of, theft of or damage to Products, whether or not occurring on or off the Property and whether the Products are in the possession of the Payor or its Affiliates or otherwise.
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Examples of Insurable Loss in a sentence

  • In the event the Company experiences an Uninsurable Loss, or the Company has agreed to provide contractual indemnity coverage in a Transaction Agreement and payment of an indemnity claim by the Company is proper thereunder and the Insurance Program is insufficient to cover such losses, the Members shall indemnify (in accordance with their Percentage Interest) the Company for such Insurable Loss or indemnity claim.

  • If any such Insurable Loss is covered by property insurance policies, all right and claim of Seller Parent or its Affiliates, to the extent made prior to the Closing and included in the calculation of current assets in Working Capital, to any proceeds of property insurance for such Insurable Loss shall be assigned and (if previously received by Seller Parent or its Affiliates and not used prior to the Closing Date to repair any damage or destruction) paid to Purchaser at the Closing.

  • Retailer shall pay to Vendor the previously agreed-upon wholesale price for such Products, less any applicable credits or allowances in effect at the time of the Insurable Loss, within 30 days after the occurrence of the Insurable Loss, whether or not such loss is actually covered by insurance.

  • If an Insurable Loss occurs during Stage 4, the maximum Stage Adjustment Factor is 100%.

  • If a Crop of process Brussels sprouts suffers an Insurable Loss during Stage 2, the maximum Stage Adjustment Factor is 75%.

  • If a Crop of process broccoli, early cabbage, late cabbage, or process cauliflower suffers an Insurable Loss during Stage 2, the maximum Stage Adjustment Factor is 70%.

  • If an Insurable Loss occurs during Stage 2, the maximum Stage Adjustment Factor is 70%.

  • Except for the obligations imposed upon Landlord in Paragraph 15 hereof, and except for damage resulting from an Insurable Loss, during the Term and at Tenant's sole cost and expense.

  • Drift and other Contamination—Not an Insurable Loss Contamination by application or drift of prohibited substances onto land on which commodities are grown using organic practices is considered to be an uninsured cause of loss on certified organic acreage.

  • For purposes of this subsection (a), a withdrawal will be on account of “hardship” if it is necessary to satisfy an immediate and heavy financial need of the Participant.


More Definitions of Insurable Loss

Insurable Loss has the meaning set forth in Section 6.22.
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Insurable Loss means any whole or partial loss of or damage to the building or the Premises or the personal property of either party or of third parties which would be covered by an All-Risk Policy, or an equivalent tenant's policy, regardless of (i) the amount of coverage carried, (ii) whether such insurance is actually maintained and (iii) whether the cost of repairing or replacing the loss or damage falls within an applicable deductible, and any loss which is covered by any insurance policy of Landlord or of Tenant in force at the time of such loss. All insurance required to be maintained by a party to this Lease (in this section or the next) shall be issued by companies reasonably acceptable to Landlord and Tenant that are authorized to do business in the State in which the Premises are located and that have a rating by A.M. Best of at least B++. Each party to this Lease shall deliver to the other party current certificates of all such insurance on a form known as ACORX 00, which certificates shall provide that the insurer shall give the other party at least thirty (30) days notice prior to any lapse, cancellation or material change in coverage and, if requested by the other, copies of the actual policies, and, promptly following request, shall deliver to the other party complete copies of the policies. INDEMNITY AND LIABILITY INSURANCE
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Insurable Loss means any loss which is covered by any insurance policy of Landlord or of Tenant in force at the time of such loss or would be covered under any insurance policy required by either party under this Lease. However, the releases contained in this subsection shall not apply to any loss or damage occasioned by intentional acts of Landlord or Tenant.
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Insurable Loss means: (A) any whole or partial loss of or damage to the Building, other aspects of the Premises or the personal property of either party or of third parties which would be covered by an All-Risk Policy, or an equivalent tenant's policy, regardless of (i) the amount of coverage carried, (ii) whether such insurance is actually maintained and (iii) whether the cost of repairing or replacing the loss or damage falls within an applicable deductible,; and (B) any loss which is covered by any insurance policy of Landlord or of Tenant in force at the time of such loss.
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Insurable Loss shall have the meaning given such term in Section 5.3.
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Related to Insurable Loss

  • Insurable Crop means Barley, Camelina, Canary Seed, Canola, Flax, Hemp Grain, Mixed Grain, Brown Mustard, Oriental Mustard, Yellow Mustard, Oats, Fall Rye, Spring Rye, Spring Triticale, Winter Triticale, Canada Prairie Spring Wheat, Canada Northern Hard Red Wheat, Canada Western Special Purpose Wheat, Durum Wheat, Extra Strong Red Spring Wheat, Hard Red Spring Wheat, Hard Red Winter Wheat, or Soft White Spring Wheat (for milling or for ethanol).

  • Insurable interest as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.

  • Material Loss means an uninsured:

  • full insurable value means one hundred percent (100%) of the actual replacement cost of the Property (excluding foundation and excavation costs and costs of underground flues, pipes, drains and other uninsurable items).

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of twenty nine million dollars ($ 29,000,000.00).

  • Indemnifiable Loss means, with respect to any Person, any action, claim, cost, damage, deficiency, diminution in value, disbursement, expense, liability, loss, obligation, penalty, settlement, suit, or tax of any kind or nature, together with all interest, penalties, legal, accounting and other professional fees and expenses reasonably incurred in the investigation, collection, prosecution and defense of claims and amounts paid in settlement, that may be imposed on or otherwise incurred or suffered by such Person, whether directly or indirectly.

  • Casualty Loss means, with respect to all or any portion of the Assets, any destruction by fire, storm or other casualty, or any condemnation or taking or threatened condemnation or taking, of all or any portion of the Assets.

  • Damage means actual and/or physical damage to tangible property;

  • Environmental Loss means any loss, cost, damage, liability, deficiency, fine, penalty or expense (including, without limitation, reasonable attorneys' fees, engineering and other professional or expert fees), investigation, removal, cleanup and remedial costs (voluntarily or involuntarily incurred) and damages to, loss of the use of or decrease in value of the Equipment arising out of or related to any Adverse Environmental Condition.

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • Insured means the Executive.

  • Cram Down Loss means, with respect to any Receivable (other than a Defaulted Receivable) as to which any court in any bankruptcy, insolvency or other similar Proceeding issues an order reducing the principal amount to be paid on such Receivable or otherwise modifies any payment terms with respect thereto, an amount equal to the amount of the principal reduction ordered by such court. A “Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order.

  • Residual Loss means any item of gain or loss, as the case may be, of the Partnership recognized for federal income tax purposes resulting from a sale, exchange or other disposition of a Contributed Property or Adjusted Property, to the extent such item of gain or loss is not allocated pursuant to Section 6.2(b)(i)(A) or 6.2(b)(ii)(A), respectively, to eliminate Book-Tax Disparities.

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • Covered Environmental Losses means all environmental losses, damages, liabilities, claims, demands, causes of action, judgments, settlements, fines, penalties, costs and expenses (including, without limitation, costs and expenses of any Environmental Activity, court costs and reasonable attorney’s and experts’ fees) of any and every kind or character, by reason of or arising out of:

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Foreclosure Loss means the loss realized when the Assuming Institution has completed the foreclosure on a Single Family Shared-Loss Loan and realized final recovery on the collateral through liquidation and recovery of all insurance proceeds. Each Foreclosure Loss shall be calculated in accordance with the form and methodology specified in Exhibits 2c(1)-(3).

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income, reduced by any income from substitute work the injured victim was capable of performing but unreasonably failed to undertake.

  • Deductible has the meaning set forth in Section 11.1(e).

  • Insured Casualty has the meaning set forth in Section 5.1(x)(iv)(B).

  • 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.

  • Insurers means the underwriters or insurance companies with whom any Insurance is effected and the manager of any protection and indemnity or war risks association in which the Vessel may at any time be entered;