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.
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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.
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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.
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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 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 connection with this letter, we have read Article 16 and Schedule 3 of the Aircraft Lease Agreement between the Client and you dated ____________ ("Agreement"), dealing with insurance requirements, a copy of which is attached (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.

  • 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.

  • 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.

  • 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.


More Definitions of Insurance Covenant

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 "Bord▇▇ ▇▇▇ured 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 Bord▇▇, ▇▇ 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 Bord▇▇ ▇▇▇ured 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 Bord▇▇ ▇▇▇ured Party is so entitled; provided, however, that all of the Bord▇▇ ▇▇▇ured 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, Bord▇▇ ▇▇▇l 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 Bord▇▇ ▇▇▇urance; provided, however, that (i) BDPH and/or Holding's
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Related to Insurance Covenant

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Incurrence Covenant A covenant by any borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower, including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture.

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.