Insurance Covenant definition

Insurance Covenant means all of the covenants and agreements of StadCo with respect to insurance policies and coverages to be maintained by StadCo pursuant to and in accordance with Article 13 of this Agreement.

Insurance Covenant means all of the covenants and agreements of Tenant with respect to insurance policies and coverages to be maintained by Tenant and its contractors and subcontractors (of any tier) pursuant to and in accordance with this Lease.

Insurance Covenant. With respect to any loss, liability or damage suffered after the Closing Date resulting from or arising out of the conduct of the Business on or prior to the Closing Date or for which the Asset Seller or any of its affiliates (other than BDPH) (a "Bordxx Xxxured Party") would be entitled to assert, or cause any other person to assert, a claim for recovery under any policy of Insurance underwritten by third parties not affiliated with Bordxx, xx the reasonable request of BDPH and to the extent permitted under such applicable policies of Insurance without the payment of additional premiums in connection therewith, such Bordxx Xxxured Party will assert one or more claims under the policies of Insurance covering such loss, liability or damage if BDPH is not itself entitled to assert such claim, but such Bordxx Xxxured Party is so entitled; provided, however, that all of the Bordxx Xxxured Parties' reasonable out-of-pocket costs and expenses incurred in connection with the foregoing, including without limitation any liability, obligation or expense referred to in the last sentence hereof, are, at the option and in the sole discretion of the entity incurring such costs and expenses, paid in advance of the entity incurring such costs and expenses, or promptly reimbursed by MergerCo and/or BDPH. To the extent required under the terms of the policies of Insurance to give effect to the foregoing, Bordxx xxxl be deemed, solely for the purpose of asserting claims for recovery under such Insurance to have assumed or retained liability for such loss, liability or damage but only to the extent of the policy limits of the applicable policy of Bordxx Xxxurance; provided, however, that (i) BDPH and/or Holding's

Examples of Insurance Covenant in a sentence

• Such coverage shall be for a term of five years and shall commence forthwith following the termination of the Executive's employment (the "Medical Insurance Covenant").

• The Borrower has complied with the covenant in Section 12.28(c) (Insurance Covenant) and otherwise obtained flood insurance for each portion of the Mortgaged Property located in a special flood hazard area (as defined pursuant to applicable flood insurance regulations) and such insurance is in full force and effect.

• We have placed the insurance which is the subject of this letter after consultation with the Client and based upon the Client's instructions, which may not have contemplated or reflected the Insurance Covenant.

• It therefore cannot be disputed that by mid November 2010, on the balance of probabilities, Mr Ingram then had full knowledge that he was not entitled to retain control of the Life Policy in Trust, because it is for sole benefit of the Beneficences of that Insurance Covenant in Trust.

• We have not read or reviewed the balance of the Agreements, including without limitation any provisions thereof which might relate to or influence the meaning of the language in the Insurance Covenant.

• In our view, based upon our understanding of the language of the Insurance Covenant, the Policies are consistent with the minimum requirements of the Insurance Covenant.

• In anticipation of replacing its current commercial coverage with a captive insurance company, the hospital is requesting the Authority’s approval to amend their Series 1998 Bonds Insurance Covenant.

• Beginning in 2008, the Authority approved an Insurance Covenant to be included in all new bond issues that identified certain requirements borrowers must meet prior to creating and maintaining a captiveinsurance company.

• We have not read or reviewed the balance of the Lease Agreement, the Use Agreements, the Credit Agreement or the Note Purchase Agreement, including without limitation any provision thereof which might relate to or influence the meaning of the language in the Insurance Covenant.

• Each Policy has been placed with an insurance carrier with at least the minimum credit rating required by the Insurance Covenant, except as set forth on Exhibit 3 hereto.

More Definitions of Insurance Covenant

Insurance Covenant means all of the covenants and agreements of Developer with respect to insurance policies and coverages to be maintained by Developer pursuant to and in accordance with Article 12 hereof.