Insurance Trust Agreement definition

Insurance Trust Agreement means the agreement dated as of the date hereof between Hospital, Agent, Project Co, Contractor and Computershare Trust Company of Canada governing the receipt and distribution of certain insurance proceeds and performance security proceeds as therein set forth.

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Insurance Trust Agreement means this insurance trust agreement.

Insurance Trust Agreement means an agreement between the Parties, the Agent and a trustee acceptable to the Parties governing the receipt and distribution of certain insurance proceeds and performance security proceeds.

Examples of Insurance Trust Agreement in a sentence

In the event of substantial damage to the Property Buyer may at Buyer’s option either permit the proceeds of insurance to be used for repair of such damage in accordance with the provisions of the Insurance Trust Agreement, or terminate this Agreement and all deposit monies paid by Buyer hereunder shall be refunded without interest or deduction.
This Insurance Trust Agreement is not intended to and does not create or establish between the Parties any relationship as partners, joint venturers, employer and employee, master and servant, or, except as provided in this Insurance Trust Agreement, of principal and agent.
The Account Trustee in doing anything or permitting anything to be done in respect of the Trust Property or the carrying out of its duties under this Insurance Trust Agreement is, and will be conclusively deemed to be, acting as trustee for the beneficiaries hereunder and not in any other capacity.
Insurance Trust Agreement has the meaning given to it in the Project Agreement.
If any such provision of this Insurance Trust Agreement is invalid, unenforceable or illegal, the Parties shall, acting in good faith, promptly negotiate new provisions to eliminate such invalidity, unenforceability or illegality and to restore this Insurance Trust Agreement as near as possible to its original intent and effect.

More Definitions of Insurance Trust Agreement

Insurance Trust Agreement means that certain agreement, if any, between the Association and the Insurance Trustee providing for the management and disbursement of insurance proceeds in accordance with Section 16.3 hereof.

Insurance Trust Agreement means this Insurance Trust Agreement;

Insurance Trust Agreement means the agreement dated as of the date hereof between Hospital, Lender, Project Co, Contractor and a trustee acceptable to the Parties and the Lender governing the receipt and distribution of insurance proceeds as therein set forth.

Insurance Trust Agreement means the insurance trust agreement to be entered into between the Authority, the Senior Lenders, Project Co and the Account Trustee in the form set out in Schedule 20 - Insurance Trust Agreement;

Insurance Trust Agreement means the agreement to be entered into between the Province, the Agent, the Insurance Trustee and Project Co in the form set out in Schedule 18 [Insurance Trust Agreement], as amended, supplemented or replaced from time to time.

Insurance Trust Agreement means the insurance trust agreement made as of [August 17], 2015 among the Authority, Project Co, the Account Trustee and the Lenders’ Agent (as defined in the Insurance Trust Agreement);

Insurance Trust Agreement has the meaning set forth in Section 5.2(b)(ii).