Prepaid Insurance definition

Prepaid Insurance means insurance coverage obtained by or on behalf of the Parent or a Subsidiary thereof pursuant to an arrangement whereby a lender prepays (or finances the prepayment of) the applicable insurance premium for the Parent or such Subsidiary in full and the obligation of the Parent or such Subsidiary to repay such lender is secured solely by the Parent’s or such Subsidiary’s right under the policy of insurance to recover unearned premiums upon early termination of the policy.
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Prepaid Insurance means insurance coverage obtained by or on behalf of any member of the Bank Group pursuant to an arrangement whereby a lender prepays (or finances the payment of) all or a portion of the applicable insurance premium for such member of the Bank Group and its obligations to repay such lender is secured solely by the such member of the Bank Group’s right under the policy of insurance to recover unpaid premiums upon early termination of the policy or to recover unpaid premiums from the proceeds of a claim under such insurance.
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Prepaid Insurance means insurance coverage obtained by or on behalf of the U.S. Borrower or its Subsidiaries pursuant to an arrangement whereby a lender prepays (or finances the prepayment of) the applicable insurance premium for the U.S. Borrower or such Subsidiaries in full and the obligation of the U.S. Borrower or such Subsidiaries to repay such lender is secured solely by the U.S. Borrower's or Subsidiary's right under the policy of insurance to recover unearned premiums upon early termination of the policy.
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Examples of Prepaid Insurance in a sentence

  • Valuation * NSF Clearing Valuation * Credit Bureau Clearing Valuation * Refund Clearing Valuation Employee Advances Valuation Deposits Directly Assigned Other Accounts Receivable Valuation Other Receivables Prepaid Rent Directly Assigned - Tower Leases Prepaid Insurance Valuation Prepaid Eng.

  • Buyers shall pay over to the Sellers, within ten Business Days after the Closing, the Prepaid Insurance Amount as of the Closing Date.

  • Prepaid Insurance consists of director and officer, property and life and insurance.

  • The parties expressly agree that the item "Prepaid Insurance" on Schedule 2.1(a) does not include tail coverage or additional limits for the Company, which shall be paid by the Company at its own expense.

  • This amount represents Prepaid Insurance of $103K and Sales Tax Refunds (we are expecting) of $471K.

  • Prepayment of Stock Exchange Listing Fees 9/98 to 12/98 68,333 Convertible Note issuing expenses 226,882 Rental deposits (2 months) 209,536 Prepaid Insurance 16,359 Maintenance fees 7,309 Other miscellaneous deposits 24,816 --------- 553,235 ========= The Joint and Several Special Managers have reviewed the above items and considered the Stock Exchange Listing Fees of HK$68,333 and the Convertible Note issuing expenses of HK$226,882 have no realizable value.

  • Details of financial statement components: Other current assets: 2006 2005 ------------------ --------------------- Employee advances $ - $ 18,100 Prepaid: Insurance 107,400 94,900 Interest 2,700 1,700 Rent 9,000 8,300 ------------------ --------------------- $ 119,100 $ 123,000 ================== ===================== The insurance policies are collateralized to the insurance installment contract.

  • Select additional financial information consists of the following: At June 30 2014 2013 Prepaid Expenses Prepaid Insurance $ 6,924 $ 5,486 Other 2,695 2,220 $ 9,619 $ 7,706 Other Current Assets Fuel Tax Receivable $ 1,249 $ 1,142 Accrued Revenue 3,696 698 Other 3,539 1,639 $ 8,484 $ 3,479 Student Transportation Inc.Notes to Consolidated Financial StatementsFor the years ended June 30, 2014 and 2013(000’s of U.S. Dollars, unless specified, except share and per share amounts) 19.

  • Utility Deposits Casa will pay to Kleixxxxxxxx'x (xxly deposit is $100 on W.G. Enterprises records.) Prepaid Service Contracts Prorated, with Casa to pay Kleixxxxxxxx'x xxxir portion Prepaid Expenses Prorated, with Casa to pay Kleixxxxxxxx'x xxxir portion Prepaid Insurance Prorated, in the event that Casa keep current La Senorita insurance, if Casa switches Insurance carriers, prepaid insurance balances will be due Kleixxxxxxxx'x xxxn collected.

  • CUSI Prpd Dept 810.00 Accounts Receivable - Other 1,867.80 Employee Advances 11,503.33 Inventory - Propane 102,314.93 Deposits - W/C Ins 4,981.00 Prepaid Expenses 3,501.77 Prepaid Insurance 7,892.33 Prepaid Rent 3,750.04 Prepaid Const.

Related to Prepaid Insurance

  • 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.

  • 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.

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

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

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

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

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

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

  • 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.

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

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

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • 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”)

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Excess Insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • Bail bond insurance means a guarantee that a person will attend court when

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • 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.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Reimbursement insurance policy means a policy of insurance

  • Malpractice includes giving or receiving any financial or other advantage of any kind that may be construed as a bribe for the purpose of any Anti-Bribery Laws;

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10