Examples of Relevant Insurance in a sentence
The Borrower fails to procure and maintain the Relevant Insurance Policies on its assets in accordance with this Agreement.
If the Government exercises such option in accordance with Clause 10.7 (Exercise of Termination Option), then in accordance with the provisions of this Clause 11 (Early Termination Purchase Price and Procedure), the Project Property should be valued at the "Project Company Default Purchase Price", which equals to: Outstanding Debt; plus Termination Costs; minus Outstanding Shareholder Commitments; minus Relevant Insurance Proceeds.
Those Costs are payable from the Relevant Insurance Policies in priority to other amounts.
The combined limit of indemnity under the Relevant Insurance Policies for securities claims brought against the Scheme Company is $40 million.
None of RBS, the Group Companies nor the person to whom such Policy has been issued has received notice in writing that any insurer under any Policy is denying liability, or defending itself under a reservation of rights clause, with respect to any Relevant Insurance Claim.