INSURANCE SETTLEMENTS definition

INSURANCE SETTLEMENTS. Any monies payable to the Broker by any insurance company related to the Brokers vehicle shall be by this Agreement directly assigned to the Company and the Broker shall be required to release any interest in such operation if required to do so by the Company. Any payments made under any insurance policy may be used by the Company in reduction of any monies owed by the Broker under this Agreement. The Company undertakes to pay to the Broker the remainder of any insurance monies received with regard to damage to the Brokers vehicle or equipment while registered in Company name forthwith.
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INSURANCE SETTLEMENTS. Funding Trust 2000 (the "2000 Trust") a one-time fee of .0033 1/3% of the principal amount of Trust Certificates of the 2000 Trust sold pursuant to the public offering of Trust Certificates for the 2000 Trust, payable in installments on a monthly basis against the amount owed, at the rate of .0033 1/3% of the Trust Certificates sold by the Trust in the previous month, on the fifth (5th) business day of each succeeding month, during the offering period of the Trust Certificates. Such fee is solely the responsibility of the Company and shall be paid solely to CCL.
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INSURANCE SETTLEMENTS means any and all judgments entered, and any and all settlement arrangements entered into from time to time by the Borrower, or any Subsidiary, with respect to certain claims and litigation to which the Borrower or any Subsidiary is a party and which are described in the Side Letter, as such judgments and settlement arrangements may be modified, amended or supplemented.
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Examples of INSURANCE SETTLEMENTS in a sentence

  • NOTE 20: Insurance Settlements In December 2008, approximately $31.7 million in Company-owned and consigned retail inventory at cost was stolen during a second robbery at the Harry Winston Paris salon.

  • Capital is entitled to the residual amount of assets, which are the funds and Insurance Policies remaining in the Insurance Settlements Account and Liquidity Account after payment of Certificate Interest and various other fees and charges.

  • Of course, the possibility exists that interest and principal payments could exceed the amount of the two above-described sources (i.e., Insurance Settlements Account and the Liquidity Account) available to protect the Certificateholders from any loss.

  • In summary, based on the factors and relevant authority discussed above, as between Capital and the Certificateholders, Capital bears the risk of loss with respect to a default in the Insurance Settlements.

  • Except for Trustee's Fees, Certificate Interest has priority to any amounts that accumulate in the Insurance Settlements Account.

  • To the extent that funds from the Insurance Settlements Account and Liquidity Account will be used to pay principal and interest, the amount of residual assets available for distribution to Capital will be reduced.

  • The Plan Proponents have sought or will seek separate approval of the proposed Asbestos Insurance Settlements of the remaining insurance companies from this Court.

  • United and Capital have been duly formed, validly existing, and in good standing under the laws of the State of Delaware, have corporate power and authority to own their property and conduct their businesses and to enter into and perform its obligations under the Insurance Settlements Purchase Agreement and the Pooling and Servicing Agreement.

  • Capital does hereby deliver herewith a computer file, hard copy or microfiche list containing a true and complete list of each Insurance Settlement as of the Closing Date, as the case may be, such Insurance Settlements being identified by account number.

  • The aggregate interest represented by the Certificates in the Insurance Settlements in the Trust shall at any time equal one hundred percent (100%).

Related to INSURANCE SETTLEMENTS

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Retail Settlement Code or “Code” means this code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and consumers and provides for tracking and facilitating consumer transfers among competitive retailers.

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Insurance transaction means any transaction involving insurance primarily for personal, family, or household needs rather than business or professional needs that entails:

  • Insurance Schedule means Schedule 3 attached hereto.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

  • 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.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled. Energy Storage Resource:

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

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

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

  • 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.

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;

  • Ontario Settlement Class means the settlement class in respect of the Ontario Action as defined in Schedule A.