Project Insurance Change definition

Project Insurance Change means any net increase or net decrease in the Actual Relevant Insurance Cost relative to the Base Relevant Insurance Cost, arising from:
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Project Insurance Change any net increase in the Actual Relevant Insurance Cost relative to the Base Relevant Insurance Cost, arising from:
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Project Insurance Change has the meaning given in Section 7.1(f) of Schedule 24 - Insurance and Performance Security Requirements.
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Examples of Project Insurance Change in a sentence

  • For the purpose of determining the Insurance Cost Differential, in the event that there is a net increase, the Project Insurance Change shall have a positive value.

  • Accordingly, in the event that there are any insurance cost savings from portfolio placements, for the purpose of determining the Project Insurance Change and Insurance Cost Differential (see Schedule [A] (Insurance Premium Risk Sharing Schedule)), such savings should be considered in the same way as other factors causing a general market movement in insurance costs.

  • It is not meant to be used as a replacement of the guidelines in which the inspections are based upon.


More Definitions of Project Insurance Change

Project Insurance Change means any net increase or net decrease in the Actual Relevant Insurance Cost relative to the Base Relevant Insurance Cost, arising from: the claims history or re-rating of PPP Co. or PPP Co. Related Party; the effect of any change in deductible unless the following applies:- such change is attributable to circumstances generally prevailing in the Relevant Insurance Market; and the deductible, further to such change, is either greater than or equal to the maximum71 in Schedule 23 (Required Insurance Schedule);72 any other issue or factory other than circumstances generally prevailing in the Relevant Insurance Market, except for any Portfolio Cost Saving.73 For the purpose of determining the Insurance Cost Differential, in the event that there is a net increase, the Project Insurance Change will have a positive value. In the event that there is a net decrease the Project Insurance Change will have a negative value.
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Project Insurance Change any net increase or net decrease in the Actual Relevant Insurance Cost relative to the Base Relevant Insurance Cost, arising from:- (a) the claims history or re-rating of the Contractor or any Contractor Related Party; (b) the effect of any change in deductible unless the following applies:- (i) such change is attributable to circumstances generally prevailing in the Relevant Insurance Market; and (ii) the deductible, further to such change is either greater than or equal to the maximum in Schedule 12 (Insurance); (c) any other issue or factor other than circumstances generally prevailing in the Relevant Insurance Market, except for any Portfolio Cost Saving, for the purposes of determining the Insurance Cost Differential, in the event that there is a net increase, the Project Insurance Change shall have a positive value. In the event that there is a net decrease the Project Insurance Change shall have a negative value; “Protester Action” any picketing, demonstration, blockade, embargo or other protestor action (other than as a result of industrial action which affects only the employees of the Contractor or its Sub-Contractors) taking place at either Resource Park or directly affecting access to either Resource Park;
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Project Insurance Change means any net increase in the Relevant Insurance Cost relative to the cost of the relevant insurance at the Relevant Insurance Inception Date arising from:
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Project Insurance Change means any net increase (which shall be expressed as a positive number) or net decrease (which shall be expressed as a negative number) in the Actual Relevant Insurance Cost relative to the Base Relevant Insurance Cost, arising from: (c) the claims history or re-rating of the Contractor or any sub-contractor; (d) the effect of any change in deductible unless the following applies:
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Project Insurance Change means any net increase or net decrease in the Actual Benchmarked Insurance Cost relative to the Base Benchmarked Insurance Cost, arising from:
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Related to Project Insurance Change

  • Insurance carrier means every insurance carrier duly

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • 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 Companies means the companies with whom the Insurance Policies are held.

  • Flood Insurance Study (FIS means an examination, evaluation, and determination of flood hazards, corresponding water surface elevations (if appropriate), flood hazard risk zones, and other flood data in a community issued by the FEMA. The Flood Insurance Study report includes Flood Insurance Rate Maps (FIRMs) and Flood Boundary and Floodway Maps (FBFMs), if published.

  • Flood Insurance Study means the official report provided by the Federal Insurance Administration that includes flood profiles, the Flood Insurance Rate Map, the Flood Boundary and Floodway Map, and the water surface elevation of the base flood.

  • Net Insurance Proceeds Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.