Insured Company definition

Insured Company means the Named Insured Company and any Subsidiary, including in the event of a bankruptcy, the Named Insured Company and any Subsidiary as a debtor in possession as such term is used in Chapter 11 of the United States Bankruptcy Code or equivalent foreign law or rule.
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Insured Company means the organization(s) listed in Item 1 of the Declarations, whether as a corporation, partnership, joint venture, association, or otherwise, and any Insured Subsidiary.
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Insured Company means the organization(s) listed in Item 1 of the Declarations, whether as a corporation, partnership, joint venture, association, or otherwise, and any Insured Subsidiary. A debtor in possession, or the foreign equivalent thereof, of any Insured Company will also be considered an Insured Company.
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Examples of Insured Company in a sentence

  • Company's Computer System means a computer system (including, but not limited, to hardware, software and/or computer programs) leased, owned or operated by or which is made available or accessible to the Insured Company or its outsource service provider(s) for the purpose of storing and processing the Insured Company's electronic data or software.

  • Insured Company means the Policyholder or any Subsidiary of the Policyholder declared to the Insurer prior to commencement of the Period of Insurance.

  • The Insurer will pay on behalf of an Insured Person any Loss resulting from a Claim first made against that Insured Person in the Period of Insurance and for which that Insured Person has not been indemnified by an Insured Company.2. The Insurer will pay to an Insured Company any Loss resulting from a Claim first made against an Insured Person in the Period of Insurance where that Insured Company has indemnified that Insured Person for that Loss that exceeds the Excess.

  • Pension Scheme Sponsor means an Insured Company and its Employees, only when acting on the authority of an Insured Trustee, in the performance of duties or exercise of powers under a pension scheme, plan or arrangement.

  • Derivative Claims Under this Section the definition of Loss is extended to include claimant’s costs resulting from a Claim, against anInsured Person, that is a derivative action brought by a shareholder in the name of the Insured Company.

  • If we decide not to renew this Policy, we will mail or deliver to the Insured Company written notice of non-renewal not less than sixty (60) days before the expiration date.

  • The salary or wage of an Insured Person, or the overheads of an Insured Company, are not covered by this extension.

  • This extension does not apply to any periodic regulatory supervision, inquiries or compliance audits or internal investigations or audits or any other general investigation into the sector, trade or industry in which the Insured Company conducts business.

  • Acquisitions Under this Section the definition of Subsidiary is extended to include any entity that is created or acquired by anInsured Company during the Period of Insurance provided that the Insured Company: 1.

  • Civil Fines and Penalties Under this Section the definition of Loss is extended to include civil fines and penalties imposed on an Insured Person by any duly empowered governmental or statutory authority, regulatory body or similar agency in the United Kingdom, to the extent permissible by law and provided that the Insured Person is not otherwise indemnifiable by an Insured Company.


More Definitions of Insured Company

Insured Company means the organization(s) listed in Item 1. of the Declarations, whether as a corporation, partnership, joint venture, association, or otherwise, and any Insured Subsidiary, including any such organization(s) as a debtor in possession within the meaning of the United States Bankruptcy Code or similar legal status under foreign law.
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Insured Company. ’ means a thrift and loan
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Related to Insured Company

  • Insured means the Executive.

  • Self-insured employer means an employer or group of employers certified under ORS

  • Insured Contract means any written:

  • Controlled Company means a company having not more than fifty members and controlled, in the manner described by section 139, by not more than five persons;

  • Material Insurance Subsidiary means a Material Subsidiary that is also an Insurance Subsidiary.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Controlled Entities means those entities (including special purpose entities) over which another party has the power to govern, directly or indirectly, decision making in relation to financial and operating policies, so as to require that entity to conform with such controlling party’s objectives;

  • Insurance group means the persons that comprise an insurance holding company system.

  • Child welfare agency means a child-placing agency, child-caring institution or independent foster

  • Captive Insurance Subsidiary means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).

  • Insured Person s year” means a year from the date of commencement of the insured person’s policy, or from the anniversary date of the commencement of the insured person.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Insurance Subsidiaries means, collectively, MGMM Insurance Company, a Nevada corporation and any Subsidiaries formed for the purpose of facilitating and providing insurance coverage and claims services for the Company and its Subsidiaries.

  • Commonly Controlled Entity an entity, whether or not incorporated, that is under common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414 of the Code.

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

  • Approved company means a company approved by the Minister under clause 17A(1)”;

  • Material Group Company means the Issuer or a Subsidiary representing more than 10.00 per cent. of either (i) the total assets of the Group on a consolidated basis (for the avoidance of doubt, excluding any intra-group transactions) or (ii) the EBITDA of the Group on a consolidated basis according to the latest Financial Report.

  • Related Companies means the companies within the meaning of Article L. 225-197-2 of the French Commercial Code or any provision substituted for same.

  • Insured Persons means the person/s named in the Schedule to the Policy, who is/are Indian Resident /s and for whom the insurance is also proposed and appropriate premium paid.

  • Sponsored captive insurance company means a captive insurance company:

  • Combined Company means Holdco and its consolidated subsidiaries after giving effect to the Business Combination.

  • Uninsured motor vehicle" means a land motor vehicle or trailer of any type:

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.