Insurance Retention definition
Examples of Insurance Retention in a sentence
The blanket insurance programs may include deductibles or risk retention levels; however, the Retirement Community's responsibility for such deductibles or risk retention levels shall be limited to the Insurance Retention as defined in Section 9.3(c).
The Retirement Community's allocated Insurance Retention for general liability insurance and workers' compensation insurance shall not exceed One Hundred Thousand Dollars ($100,000) unless such greater amount is agreeable to both Landlord and Tenant.
With respect to this Article 9, all insurance premiums, costs and other expenses, including any Insurance Retention (as defined below), shall be treated as an Imposition payable by Tenant as Additional Charges.
The City shall be solely responsible for payment of any insurance deductible, Self Insurance Retention (SIR) or third party fees associated with claims or legal actions against the Innovation Center and/or the Whitewater University Technology Park.
If the Hotel is not a participant under Marriott's blanket insurance or self-insurance programs, "Insurance Retention" shall mean the amount of any loss or reserve allocated to the Hotel, not to exceed the insurance policy deductible.