Insurance Authorization Letter definition

Insurance Authorization Letter means any letter from the Borrowers directing the carriers of its insurance (other than liability insurance) to pay the proceeds of such insurance to the Administrative Agent, as first loss payee thereunder.
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Examples of Insurance Authorization Letter in a sentence

  • The effectiveness of this Amendment is conditioned upon: (a) Lender’s receipt of an Intellectual Property Security Agreement, Insurance Authorization Letter, and Corporate Resolutions and Incumbency Certificate duly executed by NetSeer; and (b) payment of an amendment fee in the amount of $5,000 plus all of Lender’s out of pocket expenses incurred in connection herewith.

  • An Insurance Authorization Letter, substantially in the form attached as Exhibit “H” to the Supplement, and a Certificate Concerning Capitalization, substantially in the form attached as Exhibit “I” to the Supplement.

Related to Insurance Authorization Letter

  • Authorization Letter means a letter agreement executed by Borrower in the form of EXHIBIT A.

  • Insurance Authority means the Insurance Authority of Hong Kong established pursuant to section 4AAA of the Insurance Ordinance.

  • UCC Filing Authorization Letter means a letter duly executed by each Loan Party authorizing the Collateral Agent to file appropriate financing statements on Form UCC-1 without the signature of such Loan Party in such office or offices as may be necessary or, in the opinion of the Collateral Agent, desirable to perfect the security interests purported to be created by each Security Agreement and each Mortgage.

  • Insurance Assignment means the valid and effective first legal assignment of the Insurances (together with the notice thereof), to be executed by the Borrower in respect of the Vessel in favour of the Trustee and the Hermes Loan Trustee, such assignment and notice to be in the form and on the terms and conditions required by the Agent, the Hermes Agent and the Hermes Loan Agent and agreed on the signing of the Original Loan Agreement and as specified in paragraph 33 of Schedule 4;

  • Service Authorization means that Open Ecosystem Partner needs to meet specific qualification requirements for the products included in a “Service” Product Family that Open Ecosystem Partner wants to promote and offer Services for as set out in detail in the Open Ecosystem Program Guide.