Examples of Insured Portion in a sentence
Subject to the adjustments (Section 5.04) and limitations (Section 5.05), for expropriation of funds (Section 4.02.1), OPIC shall pay compensation in the amount of the U.S. dollar equivalent of the Insured Portion of the expropriated funds at the exchange rate determined by Section 3.01.2, computed as of the date the expropriation began.
In addition, in jurisdictions where a holder of an Insured Portion is prevented from proceeding directly against the applicable Debtor's insurance carrier, the applicable Debtor or Reorganized Debtor, as the case may be, will proceed against the insurance carrier.
Nothing in this section or this Plan shall constitute a waiver of any claim, debt, right, cause of action, or liability that any entity may hold with respect to the Insured Portion against any other entity, including the Debtors’ insurance carriers, subject to the Claims Purchase.
Any proceeds that are received by the Debtor or Reorganized Debtor, as the case may be, from the insurance carrier with respect to such Insured Portion will be distributed to the holder of such Insured Portion.
If the Authority elects to pay the Insured Portion of the Debt pursuant to the option described in Section 6.2D hereof, the Authority will pay to the Bank the Insured Portion of the Debt.