Insurance Award definition

Insurance Award means the net cash proceeds of any payment made by any casualty insurer or self-insurance program of the Borrower or any Subsidiary for any casualty or other loss with respect to the whole or any part of the property of the Borrower or any Subsidiary after deduction for taxes, fees and reasonable expenses incurred in the realization thereof.
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Insurance Award has the meaning set forth in Section 5(b)(iii) hereof. "Interest Swap and Hedging Obligation" shall have the meaning ascribed to such term in the Series A Junior Subordinated Debentures.
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Insurance Award has the meaning set forth in Section 4.1(a)(iii) hereof.
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Examples of Insurance Award in a sentence

  • Establishment of Insurance and Condemnation Fund; Application of Net Proceeds of Insurance Award.

  • Upon exhaustion of sick leave, said employee shall be entitled to leave without pay (except for any Industrial Insurance Award) for the balance of the school year and then shall be entitled upon verification of a physician of the employee's physical ability to perform to return to service by the immediate beginning of the following school year.

  • The terms of the Banking, Finance and Insurance Award 2010 shall be incorporated into and considered terms of this Agreement, provided that where there is any inconsistency between this Agreement and the above award, this Agreement shall apply to the extent of that inconsistency.

  • Eligible Expenses (One year lag Current ODA fee guide for general practitioners; other expenses to reasonable and customary charge; benefit year – January 1 – December 31) Proration of premiums Amend 34.01(c) as follows: 34.01(c) For the purpose of Article 34 only, ‘hours worked’ shall include time off while in receipt of a Workplace Safety and Insurance Award in accordance with Article 25 or Vacation in accordance with Article 11, but shall exclude overtime.

  • Establishment of Insurance and Condemnation Fund; Application of Net Proceeds of Insurance Award 21 Section 6.02.

  • Trainees will not be paid less than they would be eligible to be paid in terms of Schedule E of the Banking, Finance and Insurance Award 2010.

  • Establishment of Insurance and Condemnation Fund; Application of Net Proceeds of Insurance Award 15 Section 6.02.

  • Provided that employees will not be paid less than 1 cent above their minimum rate of pay for their corresponding classification in the Banking, Finance and Insurance Award, 2020 (as amended).

  • On all matters not covered by this Agreement or the National Employment Standards (NES), the appropriate conditions contained in the Banking, Finance and Insurance Award 2020 (BFIA), as amended, shall apply.

Related to Insurance Award

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Erroneously Awarded Compensation means, with respect to each Executive Officer in connection with an Accounting Restatement, the amount of Clawback Eligible Incentive Compensation that exceeds the amount of Incentive-based Compensation that otherwise would have been Received had it been determined based on the restated amounts, computed without regard to any taxes paid.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Insurance carrier means every insurance carrier duly

  • Service Award means any Court ordered payment to Plaintiff for serving as Class Representative, which is in addition to any payment due to Plaintiff as a Settlement Class Member.