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;
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PEF Insurance Window has the meaning assigned thereto in the PEF Framework;
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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.

  • 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.

  • 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.

  • Allocations under the PEF Insurance Window shall be made with minimum deliberation and follow ex-ante established procedures.

  • 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.

  • 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.

  • After the Initial Period, the Covered Diseases list under the PEF Insurance Window may be revised by the Treasury Manager after consultation with the PEF Coordinator, and upon approval by the Steering Body (see Section 4.02.

  • Such Pandemic Bond/Insurance Payout Amount received by the Treasury Manager is transferred into the Trust Fund3 (i.e., “pay-ins” of Pandemic Bond/Insurance Payout Amount to the PEF) and considered for use under the PEF Insurance Window (see Section 4.05 of the PEF Framework).

  • 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.

Related to PEF Insurance Window

  • 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 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.

  • 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 (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Insurance carrier means every insurance carrier duly

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

  • 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.

  • 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.

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

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • 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, collectively, all provisions of the Insurance Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon each Loan Party which is an owner of Mortgaged Property and applicable to the Mortgaged Property or any use or condition thereof.

  • 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.