Local Council Insurance Policies definition

Local Council Insurance Policies means any and all known and unknown contracts, binders, certificates or insurance policies currently or previously in effect at any time on or before the Petition Date naming the Local Councils, or any of them, or any predecessor, subsidiary, or past or present Affiliate of any Local Council, as an insured (whether as the primary or an additional insured), or otherwise alleged to afford any Local Council insurance coverage, upon which any claim could have been, has been or may be made with respect to any Abuse Claim, including the policies identified on Schedule 3 to the Chapter 11 Plan. Notwithstanding the foregoing, Local Council Insurance Policies shall not include: (a) any policy providing reinsurance to any Settling Insurance Company; (b) any Non-Abuse Insurance Policy; (c) any BSA Insurance Policy; or (d) any Postpetition Insurance Policy.
Sample 1Sample 2Sample 3
Local Council Insurance Policies means any and all known and unknown contracts, binders, certificates or insurance policies currently or previously in effect at any time on or before the EffectivePetition Date naming the Local Councils, or any of them, or any predecessor, subsidiary, or past or present Affiliate of any Local
Sample 1
Local Council Insurance Policies means any and all known and unknown contracts, binders, certificates or insurance policies currently or previously in effect at any time on or before the
Sample 1

Examples of Local Council Insurance Policies in a sentence

  • Accordingly, as property of the Estate, such BSA Insurance Policies and Local Council Insurance Policies may be sold to the Settling Insurance Companies free and clear of all interests of any Entity in such policies under section 363 of the Bankruptcy Code.

  • Here, bycontrast, Chartered Organizations are conceded to be co-insureds under the BSA Insurance Policies and the Local Council Insurance Policies and accordingly have concrete, independent rights to coverage that are not “derivative” of their relationship with the BSA or the Local Councils.

  • BSA and Hartford each represents and warrants that it has conducted a reasonable, good faith search of its records and that it has located no evidence of any BSA Insurance Policies issued by Hartford other than the policies identified on Exhibit A or any Local Council Insurance Policies issued by Hartford other than the policies identified on Exhibit B, and that it is not aware of any such policy, secondary evidence of any such policy, or any reason to believe such policy exists.

  • Under the Plan, the Local Council Insurance Policies issued by the Settling Insurance Companies are being assigned, with the consent of the Local Councils and the Settling Insurance Companies, to the Debtors.

  • Such Local Council Insurance Policies are therefore property of the Estate under section 541(a)(7) of the Bankruptcy Code, as are the BSA Insurance Policies issued by the Settling Insurance Companies, which are property of the Estate under section 541(a)(1) of the Bankruptcy Code.

Related to Local Council Insurance Policies

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Blanket travel insurance means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Blanket insurance policy means a group policy covering a defined class of

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Reimbursement insurance policy means a policy of insurance

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Health insurance issuer means an insurance company, or insurance organization (including a health

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • R&W Insurer means AIG Specialty Insurance Company.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Industrial insured means an insured:

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).