Insured Contracts Sample Clauses
The "Insured Contracts" clause defines which types of agreements or contracts are covered under an insurance policy, particularly in relation to liability assumed by the insured. Typically, this clause outlines specific contract types—such as leases, easements, or certain service agreements—where the insurer will provide coverage for liabilities the insured assumes within those contracts. For example, if a business signs a lease that requires it to indemnify the property owner, the insurer may cover that obligation if it falls within the definition of an insured contract. The core function of this clause is to clarify the scope of coverage for contractual liabilities, ensuring both the insurer and insured understand which assumed obligations are protected under the policy.
Insured Contracts. The Servicer shall transfer to the new servicer (i) the Servicer's records relating to the Contracts in such electronic form as the new servicer may reasonably request and (ii) any Contract Files in the Servicer's possession.
Insured Contracts. Coverage shall apply to but not be limited to liability assumed by Contractor under the Construction Documents (including the tort liability of another assumed in a business contract).
Insured Contracts. Coverage shall apply to but not be limited to liability assumed by Tenant under the Lease (including the tort liability of another assumed in a business contract). 3. Additional Insureds. ISO form CG 20 11 01 96, or equivalent form, Additional Insured Endorsement including Landlord Insured Parties as additional insureds.
Insured Contracts. If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Issuer or the Holders of a majority in Outstanding Amount of the Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee. If the Trustee fails to comply with Section 6.11, any Noteholder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. Any resignation or removal of the Trustee and appointment of a successor Trustee pursuant to any of the provisions of this Section shall not become effective until acceptance of appointment by the successor Trustee pursuant to this Section and payment of all fees and expenses owed to the outgoing Trustee. Notwithstanding the replacement of the Trustee pursuant to this Section, the retiring Trustee shall be entitled to payment or reimbursement of such amounts as such Person is entitled pursuant to Section 6.07.