Insured Party definition
Examples of Insured Party in a sentence
The Company shall make all premium payments required to maintain such policy in full force and effect; provided, however, each Additional Insured Party, if any, shall pay to the Company, in advance of the due date of such premium, its allocated share of the premium.
Irrespective of whether the Adviser and any Sub-Adviser is a named Additional Insured Party on such policy, the Company shall provide the Adviser and any Sub-Adviser with written notice upon receipt of any notice of: (a) any default under such policy; (b) any pending or threatened termination, cancellation or non-renewal of such policy or (c) any coverage limitation or reduction with respect to such policy.
Irrespective of whether the Advisor is a named Additional Insured Party on such policy, the Company shall provide the Advisor with written notice upon receipt of any notice of: (a) any default under such policy; (b) any pending or threatened termination, cancellation or non-renewal of such policy or (c) any coverage limitation or reduction with respect to such policy.
Portion of the claim left as the responsibility of the Insured Party provided for in the contract in the event of compensation following a claim.
The Company shall acquire and maintain a trustees and officers liability insurance policy or similar insurance policy, which may name the Advisor as an additional insured party (each an "Additional Insured Party" and collectively the "Additional Insured Parties").