Minimum Insurance Amount definition

Minimum Insurance Amount has the meaning specified in Section 7.06(a) of the Indenture.
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Minimum Insurance Amount shall have the meaning specified therefor on Exhibit B hereto.
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Minimum Insurance Amount shall initially mean $2,500,000. Commencing effective as of December 31, 2001, and as of each succeeding fifth anniversary of said date thereafter during the initial term of this Lease and any extensions thereof (each, an "Adjustment Date"), the Minimum Insurance Amount for the five (5) year period prior to the next-succeeding Adjustment Date (each, an "Adjustment Period") shall be adjusted, based upon any increases or decreases in the Consumer Price Index for All Urban Consumers (CPI-U), North Central/B, All-Items, 1982-84 = 100, as published by the Bureau of Labor Statistics, United States Department of Labor (the "Index"), in the following manner:
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Examples of Minimum Insurance Amount in a sentence

  • During all times Lessee has employees, Employers’ Liability Insurance in the Minimum Insurance Amount set forth on the Terms and Definitions.

  • In the event Lessee is or becomes an entity, Commercial Umbrella Insurance in the Minimum Insurance Amount set forth on the Terms and Definitions.

  • Such policy shall also include Premises Medical Expense coverage, Personal and Advertising Injury coverage, and Fire Damage (Damage to Rented Premises) in the Minimum Insurance Amount set forth for each on the Terms and Definitions.

  • Subject to Section 2.05(e) below, as between the Owner and the Mortgagee, all insurance proceeds up to the Minimum Insurance Amount paid under policies required to be maintained by the Owner pursuant to this Agreement as a result of the occurrence of an Event of Loss with respect to any Pledged Spare Parts involving proceeds in excess of the Threshold Amount will be paid to the Mortgagee.

  • Throughout the term of this Lease, Tenant shall maintain commercial general liability insurance covering claims for personal injuries, death and property damage occurring in or about the Leased Premises with a combined single limit of at least the Minimum Insurance Amount.

  • In the event Lessee is or becomes an entity, insurance covering all vehicles licensed for highway use (owned, hired, leased or borrowed) used by any Lessee Party against any claims of liability of every kind and nature, for bodily injury to, or death of, any person and for damage to the property of any person or legal entity in the Minimum Insurance Amount set forth on the Terms and Definitions.

  • The minimum amount of increase in the Target Stated Amount is the Minimum Insurance Amount as shown on the Policy Summary.

  • In the event Lessee is or becomes an individual or individuals, insurance covering all vehicles licensed for highway use used by any Lessee Party against any claims of liability of every kind and nature, for bodily injury to, or death of, any person and for damage to the property of any person or legal entity in the Minimum Insurance Amount set forth on the Terms and Definitions.

  • For the purposes of this Lease, the term "Minimum Insurance Amount" shall initially mean $2,500,000.

  • In the event Lessee is or becomes an individual or individuals, Personal Umbrella Insurance in the Minimum Insurance Amount set forth on the Terms and Definitions.


More Definitions of Minimum Insurance Amount

Minimum Insurance Amount means, as of any date of determination, with respect to any Aircraft, Spare Engine or Pledged Spare Part, an amount equal to 110% of the Allocable Amount of such Aircraft, Spare Engine or Pledged Spare Part.
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Related to Minimum Insurance Amount

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • insurance period means a contribution period or an equivalent period;

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Excess Insurance shall not apply to any insurance coverage currently held by The Government of Bermuda, or to our Self-Insured Retentions of whatever nature.

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Insured Amount As defined in the Policy.

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Cumulative Insurance Payments As defined in the Series Supplement.

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).