Insurance Base definition

Insurance Base has the meaning set fourth in Item 11C of the Summary of -------------- Basic Terms.
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Insurance Base means the product obtained by multiplying the Area of the Premises by Base Year 2000 Lessor’s Insurance Premium divided by Area of the Business Park.
Sample 1
Insurance Base. Base Insurance Amount $ 2,136.00. COMMISSION PERCENTAGE: 4% SECURITY DEPOSIT: $ 7,371.29 held by Lessor ESTIMATED COMMON AREA MAINTENANCE SHARE $NA per month.
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Examples of Insurance Base in a sentence

  • This Optional Coverage can be purchased as an endorsement to a Travel Emergency Medical Insurance Base Plan.

  • Coverage for pre-existing conditions that were not stable is subject to the maximum benefit limits that are specified in the Travel Emergency Medical Insurance Base Plan but in no event shall exceed $300,000.

  • This Optional Coverage can be purchased as an endorsement to a Travel Emergency Medical Insurance, a Trip Protection Package, or a Visitors to Canada Travel Emergency Medical Insurance Base Plan.

  • This Optional Coverage can be purchased as an endorsement to a Travel Emergency Medical Insurance or a Visitors to Canada Travel Emergency Medical Insurance Base Plan.

  • Payment will be processed after BCAA Claims Assistance has completed the review of all submitted claims related to the same event.ConditionsIf you have purchased this insurance as a separate Optional Coverage, the following conditions apply:1) This Optional Coverage can be purchased as an endorsement to a Travel Emergency Medical Insurance or a Visitors to Canada Travel Emergency Medical Insurance Base Plan.

  • The Additional Rent shall equal the product of (a) Tenant’s Pro Rata Share of Operating Costs multiplied by the difference between Operating Costs minus the Operating Cost Base Amount; (b) Tenant’s Pro Rata Share of Property Taxes multiplied by the difference between Property Taxes minus the Property Tax Base Amount; and (c) Tenant’s Pro Rata Share of Insurance Costs multiplied by the difference between Insurance Costs minus the Insurance Base Amount.

  • Cancellation Condition of the Add-On Cover will be same as that mentioned in Your Car Insurance (Base Policy) to which this Add-On Cover is attached.2. Add-On Covers cannot be Cancelled on Standalone basis unless the base Car Insurance Policy is cancelled.

  • The benefit described in Section 3.01(a), consisting of both the Retiree Insurance Base Amount and the tax gross-up payment.

  • State Unemployment Insurance Base Wage File (UIBWF) data were used to track employment and earnings.

  • The Retiree Insurance Allowance shall be an amount equal to the sum of (i) one times the Participant’s Base Compensation immediately prior to the Participant’s retirement (the Retiree Insurance Base Amount), and (ii) the tax gross-up amount determined under subsection (b) below.


More Definitions of Insurance Base

Insurance Base is the insurance premium for 2011. Tenant will pay to Landlord any increase (insurance adjustment) over this Insurance Base within ten (10) days after demand in one lump sum, or, at Landlord’s option, divided by twelve (12) and collected with monthly Rent. This insurance adjustment however is capped at no more than three percent (3%) per year. The insurance adjustment will be due each anniversary after the initial adjustment and collectible as Additional Rent. Even though the terms of the Lease has terminated or expired and Tenant has vacated the Leased Premises, when a final determination is made of Tenant’s share of the taxes adjustments and insurance adjustments for the year in which this Lease terminates, Tenant shall immediately pay any increase due over the estimated Tenant’s Share of such taxes and insurance adjustments previously paid, and conversely, any overpayment made shall be immediately rebated by Landlord to Tenant.
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Related to Insurance Base

  • Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other lessee of the Building. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period. If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b).

  • Insurance Schedule means Schedule 3 attached hereto.

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

  • Insurance Amount has the meaning set forth in Section 6.11(c).

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Flood Insurance Rate Map means the most recent flood hazard map published by the Federal Emergency Management Agency under the National Flood Insurance Act of 1968 (42 U.S.C. Section 4001 et seq.).

  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Insurance Commissioner means the Insurance Commissioner

  • Insurance carrier means every insurance carrier duly

  • insurance period means a contribution period or an equivalent period;

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $4,614,259, in each case reduced by Special Hazard Losses allocated to the Certificates since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $4,614,259 as reduced by the Special Hazard Losses allocated to the Certificates since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance Policy).

  • Flood Insurance Laws means, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Flood Zone means areas having special flood hazards as described in the National Flood Insurance Act of 1968, as amended from time to time, and any successor statute.

  • Insurance Affordability Program means a program that is one of the following:

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)