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

  • 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.

  • In the event of such purchase by Insured, Company shall execute all documents which may be necessary or advisable to release or otherwise transfer its interest in the Policy to the Insured.

  • If, prior to a claim being made, the Insured Company has waived its rights to recovery against a person or entity in any written contract or agreement, then the Insurer will waive its rights to subrogation against such person or entity to the same extent as the Insured Company’s waiver.

  • The Insured Company and Underwriters shall use their best efforts to reach agreement on the question of whether more than a single Coverage Section applies to any Claim.

  • The bankruptcy or insolvency of the Insured Company or any Insured Subsidiary shall not relieve us of any obligations hereunder.

  • The Insurer shall pay on behalf of the Insured Company all Loss for which the Insured Company is permitted or required to indemnify an Insured Person resulting from a Claim first made against the Insured Person during the Policy Period for a Wrongful Act and reported to the Insurer.

  • Any material misrepresentation, concealment or misstatement by the Insured will render the Policy null and void with respect to any natural person Insured who knew of such material misrepresentation, concealment or misstatement and with respect to the Insured Company if an executive officer knew of such material misrepresentation, concealment or misstatement and relieve the Insurer from all obligations and liability herein with regard to said Insured parties.

  • The Insurer shall pay on behalf of the Insured Company all Shareholder Demand Investigation Costs resulting from any Shareholder Demand first made during the Policy Period and reported to the Insurer.

  • Business Interruption and Extra Expense The Insurer will pay for loss of business income and reimburse the Insured Company for extra expense during the period of restoration that the Insured Company incurs resulting from cyber security breach directly causing a total or partial interruption or deterioration in the Insured Company’s business operations.

  • Independent Contractor shall mean any natural person working for an Insured Company in the capacity of an independent contractor and pursuant to an Independent Contractor Services Agreement.


More Definitions of Insured Company

Insured Company. ’ means a thrift and loan
Sample 1
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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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: a. leases of premises; b. easement agreements, except those concerning construction or demolition operations abutting railroad property; c. obligation to insure a municipality as required by law or ordinance, except in connection with work for the municipality; d. sidetrack agreements; or e. elevator maintenance agreements.

  • 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 (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Insured Trust means a Trust which is comprised entirely of Pre-Insured Bonds and/or Bonds as to which such Trust has obtained Portfolio Insurance.

  • 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.

  • Uninsured Trust means any Trust other than an Insured Trust.

  • 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 5.00 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 net profit 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: 1. To which no bodily injury liability bond or policy applies at the time of the accident. 2. To which a bodily injury liability bond or policy applies at the time of the accident. In this case its limit for bodily injury liability must be less than the minimum limit for bodily injury liability specified by the financial responsibility law of the state in which "your covered auto" is principally garaged. 3. Which is a hit-and-run vehicle whose operator or owner cannot be identified and which hits: a. You or any "family member"; b. A vehicle which you or any "family member" are "occupying"; or c. Your covered auto". 4. To which a bodily injury liability bond or policy applies at the time of the accident but the bonding or insuring company: a. Denies coverage; or b. Is or becomes insolvent. 1. Owned by or furnished or available for the regular use of you or any "family member". 2. Owned or operated by a self-insurer under any applicable motor vehicle law, except a self-insurer which is or becomes insolvent. 3. Owned by any governmental unit or agency. 4. Operated on rails or crawler treads. 5. Designed mainly for use off public roads while not on public roads. 6. While located for use as a residence or premises.

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