Insurance Expense definition

Insurance Expense means the amount of Insurance, as defined below, actually paid or incurred by Lessor in any calendar year (or portion thereof).
Sample 1Sample 2
Insurance Expense means the excess of (x), the sum of all costs of all fire and extended casualty Insurance and all liability insurance on the Project together with the costs of other insurance protections, including but not limited to, business interruption insurance, as are from time to time paid by Landlord with respect to the Project, for each year of the Term, over (y), the Insurance Expense for the 2002 calendar year (the "Base Year Insurance Expense").
Sample 1
Insurance Expense means all insurance premiums and other charges for insurance on or in respect to the Project, including liability, property, flood, loss of rents and other coverage. Lessee: Lessor:
Sample 1

Examples of Insurance Expense in a sentence

  • The Respondent’s share of the cost of health insurance provided for the child(ren) by the Petitioning parent/caregiver is $<<NCP Share of Health Insurance Expense When CP/CTR Provides>>, which is included in the Respondent’s share of the total child support need stated in paragraph 9.

  • Monthly health insurance costs for the child(ren) are $<<Monthly Health Insurance Expense>>.

  • For this purpose, FEMA will use data for the property/casualty industry published, as of March 15 of the prior Arrangement year, in Part III of the Insurance Expense Exhibit in A.M. Best Company’s Aggregates and Averages for the following five property coverages: Fire, Allied Lines, Farmowners Multiple Peril, Homeowners Multiple Peril, and Commercial Multiple Peril (non-liability portion).

  • Insurance Expense – Insurance expenses for the property leased to the contracted provider that were properly accrued and paid by the related party.v. Other Expense – Other expenses directly related to the property leased to the contracted provider that were properly accrued and paid by the related party.

  • Upon FEMA’s request, the Company must provide FEMA with a true and correct copy of the Company’s Fire and Casualty Annual Statement, and Insurance Expense Exhibit or amendments thereof as filed with the State Insurance Authority of the Company’s domiciliary State.

  • On a yearly basis, CAR distributes an Accounting and Statistical Notice that contains specific instructions relative to the Massachusetts Automobile Insurance Expense Call.

  • Additionally, on an annual basis, each member of CAR is required to file a calendar year Massachusetts Automobile Insurance Expense Call.

  • When parent due support is providing health insuranceThe Respondent’s share of the cost of health insurance provided for the child(ren) by the Petitioning parent/caregiver is $<<NCP Share of Health Insurance Expense When CP/CTR Provides>>, which is included in the Respondent’s share of the total child support need stated in paragraph 9.

  • Insurance Expense – Insurance expenses for the property leased to the contracted provider that were properly accrued and paid by the related party.v. Other Expense – Other expenses directly related to the property leased to the contracted provider that were properly accrued and paid by the related party.E. (For related-party only) Rent/Lease – Departmental Equipment: includes the assets in b) above.

  • Debit Prepaid Insurance $18,000, credit Insurance Expense $18,000.


More Definitions of Insurance Expense

Insurance Expense means all insurance premiums, expenses and costs paid by Landlord for casualty, property, rent loss, liability and other insurance carried by Landlord on and with respect to the Real Estate during a Lease Year. “Taxes” shall mean all Federal, State and local governmental taxes, assessments and charges (including special service area, transit, or other quasi-governmental taxes or assessments) of every kind or nature, whether general, special, ordinary or extraordinary, which shall be levied against the Real Estate or which Landlord or Tenant shall become obligated to pay because of, or in connection with, the ownership, leasing, management, control or operations of the Real Estate, as now or hereafter improved, or the personal property, fixtures, machinery, equipment, systems and apparatus located therein, or used in connection therewith, including without limitation any rental, gross receipts, capital levy or similar levies, charges, assessments or taxes based in whole or part, on the value, use or rents of the Real Estate, whether levied in substitution for, in lieu of, or in addition to, general real and/or personal property taxes. There shall be included in Taxes the amount of fees, costs and expenses (including attorney fees and appraisal costs) paid by Landlord during the Lease Year in seeking or obtaining a reduction of Taxes, and any late charges or penalties arising by reason of Tenant’s failure to timely pay Taxes as provided herein. Taxes shall not include any federal, state or local income, corporate, franchise, capital stock, inheritance, gift or estate taxes of Landlord or late payment charges or other penalties (except to the extent arising by reason of Tenant’s failure to timely pay Taxes as provided herein), except that if a change occurs in the method of taxation resulting in whole or in part the substitution of any such taxes or any other assessment for any Taxes described above, then such substituted taxes or assessments shall be included in Taxes. For purposes hereof, Taxes shall mean taxes paid or payable with during a given Lease Year, rather than the year such taxes are assessed or become a lien against the Real Estate. Taxes and Insurance Expense payable during the last Lease Year of the Term shall be prorated between Landlord and Tenant.
Sample 1
Insurance Expense. Stop" shall be as defined in the Preamble.
Sample 1
Insurance Expense. All premiums paid for general and liability insurance associated with the "West" division.
Sample 1
Insurance Expense means all premiums and deductibles paid or incurred by Landlord or on Landlord's behalf in respect of insurance for the Building and the fixtures, machinery and equipment in the Building, including (i) commercial general liability insurance, (ii) boiler and machinery insurance, (iii) "all-risk" casualty insurance, (iv) insurance for protection against acts of terrorism, including bioterrorism, and (v) workers' compensation, disability and such other insurance covering all persons employed at the Building.
Sample 1
Insurance Expense means all costs or expenses incurred by Landlord for insurance premiums relating to the Complex or the Demised Premises which shall include, without limitation, the following insurance coverages: (i) "all risk" casualty and extended coverage; (ii) comprehensive general public liability insurance; (iii) rental interruption insurance; and (iv) such other insurance as may be carried from time to time by reasonable commercial landlords of comparable first-class office complexes in Fairfield County, Connecticut;
Sample 1

Related to Insurance Expense

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

  • Property Insurance is defined in Section 6.10(a).

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • 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”)

  • 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:

  • 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).

  • Approved Operating Expenses means Operating Expenses incurred by Borrower or by any Manager on Borrower’s behalf (excluding any Restricted Payments) which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Properties, (iii) are for Management Fees, or (iv) have been approved in writing by Lender as Approved Operating Expenses; provided, however, that Approved Operating Expenses shall also include, for any calendar month in which Operating Expenses exceed the Monthly Operating Expense Budgeted Amount, the amount of such excess Operating Expenses up to and not to exceed ten percent (10%) of the Monthly Operating Expense Budgeted Amount for such calendar month as to which Borrower provides to Lender a reasonably detailed explanation of the reasons for and expenditures resulting in Operating Expenses exceeding the Monthly Operating Expense Amount.

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Fund which are stock, including all Outstanding Series A Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Rent Expense means for any fiscal period, the total amount of rents and other charges payable during such period by the Credit Parties and their respective Subsidiaries under all Real Estate Leases to which they are a lessee, all as determined on a consolidated basis in accordance with GAAP.

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Building Operating Expenses means the portion of "Operating Expenses," as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Restoration Cost has the meaning set forth in Section 5.06.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Insurance carrier means every insurance carrier duly