Property Insurance and Award Fund definition

Property Insurance and Award Fund means the fund by that name created pursuant to Section 406 hereof.
Property Insurance and Award Fund means the fund by that name created pursuant to Section 406hereof.

Examples of Property Insurance and Award Fund in a sentence

  • If the Mortgagor should within a reasonable period of time fail to restore the Collateral or the Mortgaged Property or elect to prepay the Loan as hereinabove provided, any net proceeds remaining in the Property Insurance and Award Fund shall be retained in the Fund for the purposes set forth herein, provided that the Mortgagee may also use such net proceeds to make any advances authorized to be made under Section 5.04 of the Financing Agreement.

  • In the event the condemnation award or insurance claim exceeds $750,000, the Net Proceeds thereof shall be payable directly to the Trustee for deposit in the Property Insurance and Award Fund.

Related to Property Insurance and Award Fund

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

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • 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.

  • First party insurance means an insurance policy or contract in which the insurer

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • Casualty insurance means liability insurance.

  • Credit property insurance means insurance:

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Insurance Consultant or "consultant" means a person who:

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • general insurance business means any class of insurance business other than long-term insurance business;

  • 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:

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Personal lines insurance means property and casualty insurance coverage sold for primarily noncommercial purposes to:

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

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Insurance carrier means every insurance carrier duly

  • Health insurance carrier or "carrier" means any entity subject to the insurance

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