Insurance Facility definition

Insurance Facility and "Insurance" mean, respectively, the insurance facility specified in Schedule 2 to this Agreement and the insurance provided thereunder;
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Insurance Facility or “Insurance” means the Political Risk Insurance Facility, the Exporter Performance Insurance Facility, and the Credit Insurance Facility specified in Parts A, C, and D of the Project, respectively;
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Insurance Facility means the insurance and guarantee facility specified in Schedule 1 to this Agreement.
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Examples of Insurance Facility in a sentence

  • Facility Amounts shall be retained in the Security Trust Account(s) and, before the Insurance Facility First Closing Date, shall be used on a revolving basis for the purpose of providing new Insurance Contracts under the Insurance Facility.

  • After the Insurance Facility First Closing Date, the Income Amounts or remaining balance thereof shall be released to the Borrower at the request of the Borrower.

  • An increasing number of States participate in the Insurance Facility over the life of the Project.

  • During any remedial period SafeTravelPass shall be entitled to postpone its obligations under this Agreement (including the offer of the Service, System and the SafeTravelPass Material) or immediately terminate this Agreement.

  • First, disaster risk pooling will be promoted by seeking to establish the Southeast Asia Disaster Risk Insurance Facility (SEADRIF) which would be the first regional catastrophe risk pool in SEA, to provide participating countries with immediate liquidity for rapid disaster response.

  • Where we believe it suits your risks and needs, we may only recommend an Insurance Facility (rather than alternative insurance products).

  • In 2007, the Caribbean Catastrophe Risk Insurance Facility was formed as the first multi-country risk pool in the world, and was the first insurance instrument to successfully develop parametric policies backed by both traditional and capital markets.

  • In 2007, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) was formed as the first multi-country risk pool in the world, and was the first insurance instrument to successfully develop parametric policies backed by both traditional and capital markets.

  • Several initiatives can be considered as belonging to this type of tools: the Global Index Insurance Facility for the creation of an index insurance system for ACP countries, supported by the EU; the Caribbean Catastrophe risk Insur- ance Facility, to reduce hurricane risks and earthquake in the Caribbean islands.

  • Important precedents have been implemented over the last few years as private- public partnerships with donors and governments providing technical assistance, subsidizing or paying premiums, such as the Caribbean Catastrophe Risk Insurance Facility (CCRIF).This paper focuses on countries’ ability to absorb risks within its own limits, or vice versa the need for transferring risks more globally by implementing novel risk sharing mechanisms.


More Definitions of Insurance Facility

Insurance Facility means as the context indicates, an Insurance Policy required to be effected and maintained under Clause 24, or a risk required to be insured under an Insurance Policy required to be effected and maintained under Clause 24.
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Related to Insurance Facility

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Blanket insurance policy means a group policy covering a defined class of

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Reimbursement insurance policy means a policy of insurance

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

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

  • 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.

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

  • Credit property insurance means insurance:

  • First party insurance means an insurance policy or contract in which the insurer

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a resident licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -