Insurance Year definition
Examples of Insurance Year in a sentence
Insurance Year or Insurance Period: The period equal to or less than 12 months between the date of effect and the date of expiry or termination of the Insurance.
Sellers will compute monthly premiums for the 2003 Insurance Year on the basis of such projected amount (such premiums to be charged during the calendar year commencing on January 1, 2003, through the Closing).
The Distributor shall make Excess Payments --------------- in each Fiscal Year until the sum of the Excess Payments in such Fiscal Year and all preceding Fiscal Years beginning with the Sixth Insurance Year is equal to the Supplier Deficiency in that Fiscal Year and all preceding Fiscal Years beginning with the Sixth Insurance Year.
Base Insurance" means the total of insurance paid by Landlord during calendar year 1998 for the Development (the "Base Insurance Year").
If such agreement has not been entered into prior to the commencement of a specific Insurance Year, then the amount used in the previous Insurance Year shall be the Current Insured Amount.