Hull Insurance definition

Hull Insurance. With respect to any Aircraft, hull insurance and political risk insurance, if necessary, shall be maintained in an amount equal to the greatest of:
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Hull Insurance. With respect to any Engine, hull insurance shall be maintained by the Lessee and, to the extent such hull insurance is not maintained by Lessee, WEST shall maintain contingent hull insurance coverage, in each case, in an amount at least equal to Adjusted Borrowing Value for such Engine; provided, however, that in the event that an agreement with respect to hull insurance cannot be reached with any particular Lessee pursuant to which such Lessee will pay the premiums to procure such insurance in amounts consistent with the foregoing, hull insurance shall be procured by the Servicer on behalf of WEST in an amount equal to the amount set forth above, at the expense of WEST. Parts, if any, shall be insured on the basis of their replacement cost under similar circumstances.
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Hull Insurance shall have the meaning assigned thereto in Section 6.4(a)(1) of this Agreement.
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Examples of Hull Insurance in a sentence

  • The boat Owner(s) agrees to keep Hull Insurance on the Owner(s) boat in full force and effect during the period of winter storage at the Owner(s) own expense and to furnish the Insurer with a copy of this agreement.

  • The Lessee of the seasonal slip/mooring is required to obtain and show evidence to the City of Burlington in the form of a Certificate of Insurance or a copy of the insurance policy certifying the following insurance coverage is in force: Hull Insurance Coverage: Coverage for physical damage to the hull of the vessel owned by the Lessee.

  • Lessee will procure and pay the premium for a policy of Aviation Hull Insurance during the lease period covering ground, taxi and flight risks for the current agreed insurable value of the aircraft for the mutual benefit of Lessor and Lessee.

  • The different types of marine insurance can be elaborated as follows: Hull Insurance: Hull insurance mainly caters to the torso and hull of the vessel along with all the articles and pieces of furniture on the ship.

  • All Risk Hull Insurance on the Aircraft for upcoming full insurable replacement value thereof.

  • During the 10 day automatic coverage period, all limits will remain as per the existing Declarations Page with the exception of the Hull section, wherein we will provide coverage up to an amount equal to the existing limit for Hull Insurance in addition to the current limit.

  • Aero View agrees to maintain, until return of the Aircraft to the City, insurance coverage naming the City as an additional insured, under Aero View’s Aircraft Liability and Hull Insurance, such insurance to include public liability, crew liability and property damage liability.

  • If the Subcontractor purchases Hull Insurance, such Hull Insurance shall be endorsed to provide a waiver of subrogation in favor of Contractor.

  • The Lessee of the seasonal slip/mooring is required to obtain and show evidence to the City of Plattsburgh in the form of a Certificate of Insurance or a copy of the insurance policy certifying the following insurance coverage is in force: Hull Insurance Coverage: Coverage for physical damage to the hull of the vessel owned by the Lessee.


More Definitions of Hull Insurance

Hull Insurance shall have the meaning set forth in Section 6.4(a)(i).
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Hull Insurance. With respect to any Engine, hull insurance shall be maintained by the Lessee and, to the extent such hull insurance is not maintained by Lessee, the Issuer shall maintain contingent hull insurance coverage, in each case, in an amount at least equal to Adjusted Appraised Value for such Engine; provided, however, that in the event that an agreement with respect to hull insurance cannot be reached with any particular Lessee pursuant to which such Lessee will pay the premiums to procure such insurance in amounts consistent with the foregoing, hull insurance shall be procured by the Servicer on behalf of the Issuer in an amount equal to the amount set forth above, at the expense of the Issuer. Parts, if any, shall be insured on the basis of their replacement cost under similar circumstances.
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Hull Insurance. With respect to any Aircraft, hull insurance shall be maintained by the Lessee and MSAF in an amount equal to the greatest of (a) the Note Target Price for such Aircraft (as such Note Target Price is defined in any Indenture, as the same shall be amended in writing from time to time by MSAF), (b) the appraised value for such Aircraft, (c) the Agreed Value of such Aircraft (as such Agreed Value is defined in the applicable Lease), and (d) such greater amounts as may be directed in writing by MSAF from time to time; provided, however, that in the event that an agreement with respect to hull insurance cannot be reached with any particular Lessee pursuant to which such Lessee will pay the premiums to procure such insurance in amounts consistent with the foregoing, hull insurance shall be maintained in an amount equal to the greater of clauses (a) and (d) above. Spare engines and parts, if any, shall be insured on the basis of their "replacement costs".
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Related to Hull Insurance

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Industrial insured means an insured:

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

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • 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.

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

  • Loss Payee Has the meaning specified in Section 13.02(b)(i) of the Lease.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Dental Insurance The District shall contribute $360.00 annually toward the cost of dental insurance whether for single or family coverage for full-status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Blanket insurance policy means a group policy covering a defined class of

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

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

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

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

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

  • R&W Insurer means AIG Specialty Insurance Company.

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

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.