Satellite Insurance definition

Satellite Insurance means insurance providing coverage for a satellite in an amount which is, together with cash, Cash Equivalents and Marketable Securities segregated and reserved on the consolidated balance sheet of the Company, for the duration of the insured period or until applied in accordance with Section 4.16 of this Indenture. For purposes of this Indenture, the proceeds of any Satellite Insurance shall be deemed to include the amount of cash, Cash Equivalents and Marketable Securities segregated and reserved by the Company for purposes of the preceding sentence.
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Satellite Insurance means insurance providing coverage for a satellite in an amount which is, together with cash, Cash Equivalents and Marketable Securities segregated and reserved on the balance sheet of the Company, for the duration of the insured period or until applied in accordance with Section 4.16 of this Indenture. For purposes of this Indenture, the proceeds of any Satellite Insurance shall be deemed to include the amount of cash, Cash Equivalents and Marketable Securities segregated and reserved by the Company for purposes of the preceding sentence.
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Satellite Insurance shall have the meaning specified in Article I of the Recap Agreement.
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Examples of Satellite Insurance in a sentence

  • At all times, the Company or a Wholly Owned Restricted Subsidiary of the Company will maintain and be the named beneficiary under Satellite Insurance with respect to the lesser of (x) at least one-half or (y) three of the satellites owned or leased by the Company or its Subsidiaries (insured in an amount at least equal to the depreciated cost of such satellites)("Insured Satellites").

  • At all times, the Company, EDBS or a Wholly Owned Restricted Subsidiary of the Company will maintain and be the named beneficiary under Satellite Insurance with respect to the lesser of (x) at least one-half or (y) three of the satellites owned 59 66 or leased by the Company or its Subsidiaries (insured in an amount at least equal to the depreciated cost of such satellites)("Insured Satellites").

  • For the avoidance of doubt, examples of Other Costs include, without limitation, storage costs for Satellite in the event of a launch delay and attorney’s fees required to collect on Satellite Insurance, etc.

  • At all times, the Company or a Wholly Owned Restricted Subsidiary which is a Guarantor will maintain and be the named beneficiary under Satellite Insurance with respect to at least one-half of the satellites owned or leased by the Company or its Subsidiaries (insured in an amount at least equal to the depreciated cost of such satellites).

  • Maintenance of Satellite Insurance; Events of Loss 65 Section 4.17.

  • Subject to the proviso in Section 4.3(4), after the commencement of such period, each of TMI and AMSC shall pay that percentage of all insurance premiums owed in connection with the Satellite Insurance for the Shared Satellite which is provided pursuant to a single, joint insurance policy equal to the percentage of Satellite Insurance obtained by them, respectively, in accordance with Section 4.3(2) (a party's "Percentage Insurance Interest").

  • Maintenance of Satellite Insurance; Events of Loss 63 Section 4.17.

  • Following the Closing, the Company shall use its best efforts to obtain the Satellite Insurance in accordance with the terms and provisions of the New Senior Note Indenture.


More Definitions of Satellite Insurance

Satellite Insurance means insurance on terms and conditions substantially the same as those set forth in Exhibit 5.5 attached hereto, including, without limitation, terms naming the collateral trustee in respect of the New Senior Notes as sole loss payee thereon.
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Related to Satellite Insurance

  • Satellite Manufacturer means, with respect to any Satellite, the prime contractor and manufacturer of such Satellite.

  • Satellite means any satellite owned by, or leased to, the Borrower or any of its Restricted Subsidiaries and any satellite purchased pursuant to the terms of a Satellite Purchase Agreement, whether such satellite is in the process of manufacture, has been delivered for launch or is in orbit (whether or not in operational service).

  • 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.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Captive generating plant means a power plant set up by any person to generate electricity primarily for his own use and includes a power plant set up by any co-operative society or association of persons for generating electricity primarily for use of members of such cooperative society or association;