Insurance Claim. “Insurance Claim” has the meaning set forth in Section 1.4(a) of this Agreement.
Insurance Claim. A claim or claims that would normally be covered by insurance according to industry practices is made against GIC for the payment of more than One Million Dollars ($1,000,000) individually or in the aggregate and is not 57 covered by reinsurance; or all or a material part of GIC's reinsurance policies shall be terminated for any reason.
Insurance Claim any insurance claims made by the Borrower or a Construction Contractor in respect of the Project in excess of $10,000,000 either individually or in the aggregate;
Insurance Claim. Each of the Vendors declares that after thorough internal investigation, there is no known fact, situation or circumstance involving the Company or one of the Subsidiaries or their directors or officers, which would reasonably be expected to result in any future claim being made against the Company or any Subsidiaries.
Insurance Claim. Once Lessee obtains the real property insurance pursuant to the requirements set forth in subparagraph 37.A.10)(b), if the Premises are totally or partially destroyed by fire or other casualty, subject to the terms of this Lease, Lessee shall continue to pay Rent and shall timely take all actions necessary to secure its rights to make an insurance claim with its insurance carrier. As soon as reasonably possible after the casualty event, Lessee shall meet with the City and the Lender to prepare to submit a claim for the insurance proceeds for all insurable losses. Lessee shall then timely submit a claim for the insurance proceeds. Insurance proceeds shall be utilized to restore the Premises destroyed by a casualty event for the benefit of the City, Lessee and the Lender. All insurance proceeds received for the insurable losses resulting from the casualty event shall be deposited into the Insurance Deposit Account. Lessee shall obtain prior written approval from the Lender and the City, which approvals will not be unreasonably delayed or withheld, before making any disbursements from the Insurance Deposit Account. For purposes of this Lease, Insurance Deposit Account shall mean an interest-bearing account established by Lessee for the deposit of insurance proceeds received for the insurable loss resulting from the casualty event which account shall be utilized by Lessee for the sole purpose of restoring the Premises pursuant to a Restoration Plan (as defined herein). Lessee shall prepare, keep, and maintain books, records and documents related to the Insurance Deposit Account, including all expenditures associated with a Restoration Plan. The City and the Lender shall have the right to examine and audit such books, records and documents related to the Insurance Deposit Account.
Insurance Claim. If the reason for cancellation is covered by your insurance policy and you have taken the cover, the cancellation charge (less the excess) is refunded by the insurance company in accordance with the details on the policy.
Insurance Claim. In the event that any Target shall have suffered any loss or damage due to or arising out of fire or other casualty, which is covered by insurance, and, notwithstanding such loss or damage, Parent and Subsidiary consummate the transaction contemplated by this Agreement, then at the closing, Targets shall:
Insurance Claim. Intelligroup shall wherever possible make an insurance claim in relation to the Damages, provided however that any increase in premiums or excess arising from such claim shall in itself be Damages.
Insurance Claim. For the period of 90 days following the Closing Date, --------------- Seller shall use commercially reasonable efforts to submit and prosecute claims under Seller's property damage (and NOT liability) insurance policies or insurance contracts for any property damage or loss to any Purchased Assets, on the condition that: (a) Buyer shall provide to Seller evidence reasonably acceptable to Seller that the property which suffered such damage or loss is a Purchased Asset and that such damage or loss occurred between April 7, 2000 and the Closing Date and has not previously been reimbursed; (b) the assignment and sale of insurance claims or coverage provided for under Section 1.2(a)(xiv) are ------------------- not effective to permit Buyer to submit and prosecute such claims on its own; and (c) Buyer shall provide all staffing and resources (including any reasonable out-of-pocket costs (such as reasonable attorneys' fees) of Seller) necessary for the submission or prosecution of such claims. Any insurance proceeds received by Seller in respect of such claims shall be turned over to Buyer (it being understood that any deductible required under the insurance policy or insurance contract shall be absorbed by Buyer). Further, Buyer acknowledges and agrees that Seller shall not have any obligation to turn over any insurance proceeds, or submit any claims, that are not related to property damage coverage.
Insurance Claim. Nothing in this Agreement is to be taken to prejudice any rights of the Purchaser in relation to an existing business interruption insurance claim which the Purchaser is making against its insurers.
