Examples of Physical Damage Policies in a sentence
All insurance proceeds received under any policy referred to in paragraph 1 of Part 1 and paragraph 1 of Part 2 of Schedule 14 (Insurances) (the Physical Damage Policies) shall be applied to repair, reinstate or replace each part or parts of the Assets in respect of which such proceeds were received.
All insurance proceeds received under any policy referred to in paragraph 1 of Part 1 and paragraph 1 of Part 2 of Schedule 14 (Required Insurances) (the Physical Damage Policies) shall be applied to repair, reinstate or replace each part or parts of the Assets in respect of which such proceeds were received.
Notwithstanding the terms of the Senior Financing Agreements, where required by Clause 56.2 (Joint Insurance Account) of the Contract the Parties agree and shall direct that all insurance proceeds paid under the Physical Damage Policies shall be paid into the Joint Insurance Account except as otherwise agreed by the Facility Agent and the Authority and shall be applied in accordance with the Contract.
All insurance proceeds received under any policy referred to in paragraph 1 Part 1 and paragraphs 1 and 2 of Part 2 of Schedule 12 (Insurance) (the "Physical Damage Policies") shall be applied to repair, reinstate, replace each part or parts of the Assets in respect of which such proceeds were received.
This Agreement applies to Private Passenger Automobile Physical Damage Policies written or renewed by the Company during the Term of this Agreement.