PEF Insurance Window definition

PEF Insurance Window means a component of the PEF, which is established for the purpose of providing PEF funding, funded by and up to the Pandemic Bond/Insurance Payout Amount received in the Trust Fund;
Sample 1Sample 2Sample 3
PEF Insurance Window has the meaning assigned thereto in the PEF Framework;
Sample 1Sample 2

Examples of PEF Insurance Window in a sentence

  • Notwithstanding Section 3.02 of this PEF Framework, any Pandemic Bond/Insurance Payout Amount received in the Trust Fund may be used only for the purpose of making PEF Insurance Window Allocations in accordance with this PEF Framework and the Trust Fund Standard Provisions, unless any such amount or portion thereof has been determined to be available for funding for any other purposes than funding under the PEF Insurance Window pursuant to Section 6.10 of this PEF Framework.

  • In the case of any PEF Insurance Window Allocation, any transfer of Trust Fund funds shall be made only after the corresponding Pandemic Bond/Insurance Payout Amount has been received in the Trust Fund.

  • Funds may be drawn upon the occurrence of a disease outbreak in the country as reported by the Ministry of Health, from (a) the PEF Insurance Window; and/or (b) the PEF Cash Window2.

  • In the event of an infectious disease outbreak, subject to other provisions of this PEF Framework, the PEF may provide funding to support response efforts in any PEF Eligible Country through: (a) the PEF Insurance Window; and/or (b) the PEF Cash Window.

  • Possible Drawdown Trigger (PEF): Funds may be drawn upon the occurrence of a disease outbreak in the country as reported by the Ministry of Health, from (a) the PEF Insurance Window; and/or (b) the PEF Cash Window2.

  • The PEF Insurance Window provides a targeted initial coverage of up to US$500 million2 through a phased program of bond and swap issuances, over the Initial Period of a minimum of three years to cover infrequent, severe events eligible for PEF funding.

  • In response to the declaration of pandemic and the growing COVID-19 burden, the PEF Steering Body approved the allocation of the PEF Insurance Window payout to 64 PEF-eligible countries for COVID- 19 response on April 27, 2020, including a US$0.94 million allocation to Djibouti.

  • The PEF was established with two windows: the PEF Insurance Window, financed by payouts from pandemic insurance and pandemic bonds; and the PEF Cash Window, a more traditional trust fund financed by donor grants.The PEF Cash Window was triggered for the first time during the 9th Ebola outbreak in DRC in 2018.

  • The PEF Cash Window is used to provide a greater flexibility in providing PEF funding to allow for a response to a high-severity infectious disease outbreak in accordance with the PEF objectives, when such funding is not eligible to be provided under the PEF Insurance Window or the PEF Insurance Window funding is not sufficient for an effective response.

  • In the case of any PEF Insurance Window Allocation, promptly following the determination of PEF Insurance Window Allocation in accordance with paragraphs 64-71 above, the PEF Coordinator shall notify the Applicant, the relevant designated Responding Agency and the Steering Body, of the amount PEF Insurance Window Allocation under the Applicant’s Request for Funds.

Related to PEF Insurance Window

  • Type of insurance means coverage afforded under the particular policy that is being placed.

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

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

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Insurance carrier means every insurance carrier duly

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • 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:

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

  • Required Insurances means collectively the Project Facility Insurances and the Contractor Insurances.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • 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.

  • Required Insurance shall have the meaning provided in Section 9.03.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • 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.

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

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Coverage means the types of persons to be eligible as the beneficiaries of the Scheme to health services provided under the Scheme, subject to the terms, conditions and limitations.

  • Certificate of Insurance means a document showing that an insurance policy has been written and includes a statement of the coverage of the policy.

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

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

  • Insurance Requirements means all terms of any insurance policy required by this Agreement and all requirements of the issuer of any such policy and all orders, rules and regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon Landlord, Tenant or the Leased Property.

  • 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.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.