Insurance Trust Agreement definition

Insurance Trust Agreement means this insurance trust agreement.

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.

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

• 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.

• Each Party acknowledges having requested and being satisfied that this Insurance Trust Agreement and related documents be drawn in English.

• This Insurance Trust Agreement may not be varied, amended or supplemented except by an agreement in writing signed by duly authorized representatives of the Parties and stating on its face that it is intended to be an amendment, restatement or other modification, as the case may be, to this Insurance Trust Agreement.

• 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.

• If any provision of this Insurance Trust Agreement is declared invalid, unenforceable or illegal by the courts of a competent jurisdiction, such provision may be severed and such invalidity, unenforceability or illegality shall not prejudice or affect the validity, enforceability and legality of the remaining provisions of this Insurance Trust Agreement.

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 15.3 hereof.

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).

Insurance Trust Agreement means the agreement governing, among other things, the retention and duties of the Insurance Trustee, which shall be in form and substance materially consistent with the Plan and otherwise reasonably acceptable to the Debtors and the Backstoppers and included as an exhibit to the Plan Supplement, and which shall be entered into on or before the Effective Date, as determined by the Backstoppers, the Longview Credit Agreement Collateral Agent, and the Debtors.