Insurance Payment definition

Insurance Payment. Any payment made by the Certificate Insurer under the Policy with respect to the Class A Certificates.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Insurance Payment means any payment by an insurance company or other surety on account of property damage or casualty loss to any property of the MLP, the Borrower or any of its Subsidiaries.

Insurance Payment has the meaning given to it in Section 10.3(b).

Examples of Insurance Payment in a sentence

• In determining Net Cash Flow of each Restaurant there shall be deducted the Supervision Fee and the Accounting Fee as provided in Section 4.7, the Advertising Payment and the Insurance Payment as provided in Section 4.8, and the OSRS Charges as provided in Section 4.2.

• The Advertising Payment and the Insurance Payment shall be due and payable monthly by the eighth (8th) business day of each month based on the gross sales of the previous month.

• The amount to be paid by a Restaurant as its Insurance Payment shall be established by the General Partner and shall be equal to a specified percentage of each Restaurant’s gross sales; and shall be reviewed on an annual basis by the General Partner and may be increased or decreased from time to time in accordance with the General Partner’s costs for providing such insurance generally.

• Funds held in the Certificate Insurance Payment Account shall not be invested.

• Any funds remaining in the Certificate Insurance Payment Account on the first Business Day following a Distribution Date shall be returned to the Certificate Insurer pursuant to the written instructions of the Certificate Insurer by the end of such Business Day.

More Definitions of Insurance Payment

Insurance Payment shall have the meaning set forth in Section 11.2(d).

Insurance Payment. Any payment made by the Insurer with respect to any Insured Certificates under the Policy.

Insurance Payment means a payment received from an insurance company by a Holder of an Allowed Claim in respect of such Claim, under a contract of or other right to insurance under which the Holder may assert any rights as an insured party, additional named insured party, loss payee, or otherwise.

Insurance Payment means any payment by an insurance company or other surety on account of property damage or casualty loss to any property of the Borrower or any of its Subsidiaries.

Insurance Payment means any payment made by the Department of HHS pursuant to the HEAL Insurance Contract in respect of a Financed HEAL Loan.

Insurance Payment. Any payment made by the Certificate Insurer with respect to any Insured Certificates under the Policy.

Insurance Payment means the cash payment to be made by the ChemicaInvest Parties on (or as of) the Effective Date pursuant to Section 7.5(a) of the ELT Property Transfer Agreement, in connection with obtaining certain insurance policies.