Insurance Facility definition

Insurance Facility and "Insurance" mean, respectively, the insurance facility specified in Schedule 2 to this Agreement and the insurance provided thereunder;
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Insurance Facility means as the context indicates, an Insurance Policy required to be effected and maintained under Clause 24, or a risk required to be insured under an Insurance Policy required to be effected and maintained under Clause 24.
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Insurance Facility means the insurance and guarantee facility specified in Schedule 1 to this Agreement.
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Examples of Insurance Facility in a sentence

  • Facility Amounts shall be retained in the Security Trust Account(s) and, before the Insurance Facility First Closing Date, shall be used on a revolving basis for the purpose of providing new Insurance Contracts under the Insurance Facility.

  • To do so we will learn from and build on already existing risk insurance facilities such as the African Risk Capacity, the Caribbean Catastrophe Risk Insurance Facility and other efforts to develop insurance solutions and markets in vulnerable regions, including in small islands developing states, Africa, Asia and Pacific, Latin America and the Caribbean as set out in the annex.

  • Electronics and Telecoms Equipment▶ Orders: JPY1.5bn (-42.9% YoY)▶ Sales: JPY1.4bn (-49.5%)▶ Operating loss: JPY102mn (operating profit of JPY435 in Q3 FY03/15) Mobile telecom providers changed their construction plans for base stations and restrained investment, hurting segment earnings.

  • The objective of the Project is to help provide a better mechanism for dealing with catastrophic risks in the Southeast and Central Europe region by supporting the establishment of the Catastrophe Risk Insurance Facility, which will aim at increasing the number of individuals and small and medium enterprises insured by the private insurance market for catastrophic risks in said regions.

  • This provides a natural role for reinsurance companies, derivative markets and the emerging Global Index Insurance Facility (GIIF) in supporting local microfinance schemes aimed at integrating risk sharing and risk reduction, whether through pure market approaches orwith donor and NGO support.

  • Leaders considered the concept of a Pacific Island Climate Change Insurance Facility (PICCIF) to cover the impacts of Climate Change and noted a taskforce would be established to further elaborate it.

  • Regional approaches are often set up as regional risk pools like the African Risk Capacity (ARC), the Caribbean Catastrophe Risk Insurance Facility (CCRIF) or the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI).50%18 of CVF countries are engaged or member to a regional financial instrument (Fig.

  • Financial instruments to transfer or share climate related-risks (the African Risk Capacity and the Caribbean Catastrophe Risk Insurance Facility) can also be better designed through financial and technical collaboration between public and private sectors.

  • Fire protection systems shall generally consist of fire hydrants, standpipes or sprinkler systems which are connected to the municipal water supply by means of fire lines.

  • The scheme was validly passed pursuant to Section 899 of the Companies Act 2006, since it had been voted for by the majority of the scheme creditors representing two-thirds of the claims (Radia and Mokhtassi, 2013: 133).Three key points of the Vinashin’s scheme of arrangement should be noted.


More Definitions of Insurance Facility

Insurance Facility or “Insurance” means the Political Risk Insurance Facility, the Exporter Performance Insurance Facility, and the Credit Insurance Facility specified in Parts A, C, and D of the Project, respectively;
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Related to Insurance Facility

  • 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.

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

  • 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”)

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

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

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

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Reimbursement insurance policy means a policy of insurance

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • 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.

  • Insurance Affordability Program means a program that is one of the following:

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

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

  • Credit property insurance means insurance:

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

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

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • 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.

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

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

  • Type of insurance means coverage afforded under the particular policy that is being placed.