Property Covered definition

Property Covered. We will cover the certificateholder’s insured property shown on the Declarations Page.
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Property Covered means the property as specified on the Schedule in respect of each Cover.
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Property Covered means
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Examples of Property Covered in a sentence

  • There shall arise any damage to the said Property Covered or to the Premises, falling to be borne by the Participant, due to any such Theft as aforesaid or any attempt thereat.

  • Property Covered: All boilers, pressure vessels, electrical switchboards, transformers, electrical motors, pumps, compressors, electrical generators and refrigeration equipment.

  • Unless otherwise indicated, a "limit" for a Supplemental Coverage provided below is separate from, and not part of, the applicable "limit" for coverage described under Property Covered.

  • Unless otherwise indicated, the coverages provided below are part of and not in addition to the applicable "limit" for coverage described under Property Covered.

  • Property Covered, Coverage C, paragraph 3 – Condominium Loss Assessments.

  • The review will also assess the appropriateness of offering coverage for all Property Covered and assess the need for additional risk management tools.

  • CP32 HIRE PURCHASE MEMORANDUM It is hereby understood and agreed that the Financial Institution named in the Schedule (hereinafter referred to as the Owners) are the owners of the Property Covered and that such property is the subject of a Hire Purchase Agreement made between the Owners of the one part and the Takaful Participant of the other part.

  • I understand that my building is being classified as an elevated building subject to the restriction and limitations of coverage and under the terms and conditions of the SFIP, found in Section III, Property Covered, A.8 and B.3 based upon these representations by me.

  • Delay or loss of market or loss of use except as provided for in Property Covered 1.

  • LRCY is responsible for the appointment of lawyers for children and youth receiving services under the Enhancement Act or the PSECA.


More Definitions of Property Covered

Property Covered. The builder's risk insurance shall provide coverage for (i) the Improvements, (ii) property of others in the care, custody or control of the Construction Agent or Construction Agent, (iii) all preliminary works and temporary works, (iv) foundations and other property below the surface of the ground, (v) electronic equipment and media.
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Property Covered. The builder's risk insurance shall provide coverage for (i) the buildings, all fixtures, materials, supplies, (ii) new underground works, sidewalks, paving, site works and excavation works and landscaping, (iii) the Improvements, (iv) property of others in the care, custody or control of the Construction Agent or of General Contractor, (v) all preliminary works and temporary works, (vi) foundations and other property below the surface of the ground, and (vii) electronic equipment and media. Also, all materials and supplies at other locations awaiting installation or in transit to the project site;
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Property Covered. The contents of the Leased Premises, and without derogating from the generality of the aforesaid, including any modifications, improvements, and additions to the Leased Premises, performed by and/ or on behalf of the lessee, as well as furnishings, equipment, and inventory of every sort. Amount of coverage: ________________ Risks covered: The standard risks covered by expanded fire insurance, and without derogating from the generality of the aforesaid, including fire, explosion, earthquake, riots, strikes and malicious damage, flooding, water damage, and burglary Special stipulation: The policy includes a clause waiving subrogation vis-a-vis the company and/ or vis-a-vis all the other lessees and/ or tenants in the building, including all those who come on behalf of those enumerated above. 2. THIRD-PARTY LIABILITY INSURANCE Insured party _________________________ (hereinafter "the lessee") Limits of liability: ____________ per incident; ____________ total Nullification of limits: fire, explosion, panic, motor vehicle lifting, loading, and unloading equipment, poisoning and foreign substances in any food or beverage, and National Insurance
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Related to Property Covered

  • Property Costs means all amounts attributable to the operation and ownership of the Assets reasonably incurred in the ordinary course of business and not in Breach of this Agreement, but excludes any Damages arising out of or resulting from an Environmental Defect identified by or on behalf of Buyer pursuant to Article 11, which Environmental Defect commenced prior to the Effective Time and for which Environmental Defect Buyer does not receive a reduction of the Purchase Price equal to the Environmental Defect Value. For purposes of allocating revenues, production, proceeds, income, accounts receivable, and products under this Section, (i) liquid hydrocarbons produced into storage facilities will be deemed to be “from or attributable to” the Xxxxx when they pass through the pipeline connecting into the storage facilities into which they are run, and (ii) gaseous hydrocarbons and liquid hydrocarbons produced into pipelines will be deemed to be “from or attributable to” the Xxxxx when they pass through the delivery point sales meters on the pipelines through which they are transported. In order to accomplish the foregoing allocation of production, the parties shall rely upon gauging, metering, and strapping procedures conducted by Seller, with prior notice to Buyer and right of Buyer to witness such procedures, on or about the Effective Time to the extent possible and, unless demonstrated to be inaccurate, shall utilize reasonable interpolating procedures to arrive at an allocation of production when exact gauging, metering, and strapping data is not available on hand as of the Effective Time. Ad valorem taxes for 2007 shall be prorated on a daily basis, with Buyer liable for the portion allocated to the period on and after the Effective Time and Seller liable for the portion allocated to the period before the Effective Time. If the amount of such taxes for part, or all, of the Assets is not available on the Closing Date, proration of taxes shall be made on the basis of taxes assessed in the previous year, with a subsequent cash adjustment of such proration to be made between Seller and Buyer when actual tax figures are available. Property Costs shall not include any amounts which constitute or relate to Retained Liabilities. The "Preliminary Amount" shall be the Purchase Price, adjusted as provided in Section 2.05(b), based upon the best information available at time of the Closing.

  • Property Insurance is defined in Section 6.10(a).

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Property line means the division line between two units of land.

  • Credit property insurance means insurance:

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • Property Income means cash rents (excluding non‑cash straight‑line rent) and other cash revenues received by the Borrower or a Material Subsidiary in the ordinary course for any Eligible Property or Property which secures Other Recourse Debt, but excluding security deposits and prepaid rent except to the extent applied in satisfaction of any Tenants’ obligations for rent.

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

  • Insured Property means the vessel, including the power units, accessories and equipment. “Parasailing” means using your vessel to tow a person in a device designed for flight. “Waterskiing” means using your vessel to tow a person on water skis or flotation devices.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Flood Hazard Property means any Real Estate Asset subject to a mortgage in favor of Collateral Agent, for the benefit of Secured Parties, and located in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Special Flood Hazard Area (SFHA means the land in the floodplain subject to a one percent (1%) or greater chance of being flooded in any given year, as determined in Article 3, Section B of this ordinance.

  • Public Improvements means only the following improvements: housing facilities; garbage disposal plants; rubbish disposal plants; incinerators; transportation systems, including plants, works, instrumentalities, and properties used or useful in connection with those systems; sewage disposal systems, including sanitary sewers, combined sanitary and storm sewers, plants, works, instrumentalities, and properties used or useful in connection with the collection, treatment, or disposal of sewage or industrial wastes; storm water systems, including storm sewers, plants, works, instrumentalities, and properties used or useful in connection with the collection, treatment, or disposal of storm water; water supply systems, including plants, works, instrumentalities, and properties used or useful in connection with obtaining a water supply, the treatment of water, or the distribution of water; utility systems for supplying light, heat, or power, including plants, works, instrumentalities, and properties used or useful in connection with those systems; approved cable television systems, approved cable communication systems, or telephone systems, including plants, works,