Insurable Membership definition

Insurable Membership means the period starting from the Entry Date and ending with Exit Date.
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Examples of Insurable Membership in a sentence

  • If the Scheme Member dies during Insurable Membership, subject to Policy being in force and all due Premiums, Taxes and any Other Levies (if any) having been paid and subject to any restrictions or qualifications referred to in these Clauses, the amount specified in the Schedule/ the Certificate of Insurance (COI) as the Sum Assured for such Scheme Member shall become due to the Nominee of the Scheme Member.

  • If the Scheme Member dies during Insurable Membership, subject to Policy being in force and all due Premiums, Service Tax and any Other Levies (if any) having been paid and subject to any restrictions or qualifications referred to in these Clauses, the amount specified in the Schedule/ the Certificate of Insurance (COI) as the Sum Assured for such Scheme Member shall become due to the Nominee of the Scheme Member.

  • Key reasons for this ranking are that the Project has already achieved almost all of its targets timely and in due budget with the participation of multiple stakeholders while using a flexible approach to implementation.

  • In case of death of the Scheme Member during Insurable Membership, subject to Policy being in force and all due Premiums, and applicable taxes having been duly paid, the Sum Assured specified in the Certificate of Insurance issued to the Scheme Member shall become payable to the Nominee of the Scheme Member.

  • In case of death of the Scheme Member during Insurable Membership, subject to Policy being in force and all due Premiums and applicable taxes having been duly paid, the Sum Assured specified in the Certificate of Insurance issued to the Scheme Member shall become payable to the Nominee of the Scheme Member.

  • Subject to the payment of Premium, Service Tax and any Other Levies to the Insurer and subject to any restrictions or qualifications referred to in these Clauses, if a Scheme Member dies or is diagnosed with a Terminal Illness (as defined in Clause 1) during Insurable Membership the amount specified in the Schedule as the Sum Assured for such Scheme Member shall become due to the Nominee of the Scheme Member.

  • In the event of the death of the Scheme Member during the Insurable Membership, the benefits then in force under the Insurance on his life will be paid to the Nominee appointed by the Scheme Member.

  • If the death (other than due to accident) of the new Scheme Member occurs in the first 45 days from the date of enrollment (“Entry Date”) into the Scheme under this Policy during the Insurable Membership.

  • Subject to the Policy being in force and the exclusions mentioned below; upon the death of the Member during the Insurable Membership Period, the Sum Assured (as mentioned in the Schedule under this Policy) shall become due and payable to the Nominee of the Member.

Related to Insurable Membership

  • 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.

  • Insurable Crop means Grain Corn.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Commercial real estate means real estate or an interest in real estate that is not any of the following:

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Qualified buildings means construction of new structures,

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Material Real Property means any real property owned by any Loan Party with a fair market value in excess of $5,000,000.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Real Property means any estates or interests in real property now owned or hereafter acquired by any Grantor and the improvements thereto.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village center, or neighborhood development area, which, upon completion of the project supported by the tax credit, will be an income-producing building not used solely as a single-family residence. Churches and other buildings owned by religious organization may be qualified buildings, but in no event shall tax credits be used for religious worship.

  • Very high radiation area means an area, accessible to individuals, in which radiation levels from radiation sources external to the body could result in an individual receiving an absorbed dose in excess of 5 Gy (500 rad) in one hour at one meter from a source of radiation or one meter from any surface that the radiation penetrates.

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Comparable Company means global company and deemed by the Calculation Agent to have characteristics comparable to the Companies initially comprising the Reference Portfolio.

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • Elevated Building means a non-basement building which has its lowest elevated floor raised above ground level by foundation walls, shear walls, posts, piers, pilings, or columns.

  • Franchise insurance means an individual insurance policy provided through a

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).

  • Qualified Ground Lease means each of the ground leases or ground subleases set forth on Schedule 1.01(d) hereto and for a Future Property means any ground lease (a) which is a direct ground lease or ground sublease granted by the fee owner of real property or a master ground lessee from such fee owner, (b) which may be transferred and/or assigned without the consent of the lessor (or as to which the lease expressly provides that (i) such lease may be transferred and/or assigned with the consent of the lessor and (ii) such consent shall not be unreasonably withheld or delayed) or subject to certain reasonable pre‑defined requirements, (c) which has a remaining term (including any renewal terms exercisable at the sole option of the lessee) of at least twenty (20) years, (d) under which no material default has occurred and is continuing, (e) with respect to which a Lien may be granted without the consent of the lessor (but subject to customary requirements regarding the nature of the holder of such Lien and prior notice to the lessor), (f) which contains customary and reasonable lender protection provisions, including, without limitation, provisions to the effect that (i) the lessor shall notify any holder of a Lien in such lease of the occurrence of any default by the lessee under such lease and shall afford such holder the option to cure such default, and (ii) in the event that such lease is terminated, such holder shall have the option to enter into a new lease having terms substantially identical to those contained in the terminated lease and (g) which otherwise contains no non-customary terms that are material and adverse to the lessee.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.