Aggregate Sum Insured definition

Aggregate Sum Insured. As defined under "Sum Insured". Artisan Entities Artisan Pictures Inc., Artisan Entertainment, Inc., Artisan Music Inc., Artisan Home Entertainment Inc. Aficionado Productions, Inc., Artisan Releasing Inc., Be Mine Productions, Inc., Beach Dance Productions, Inc., Detention Productions, Inc., Heatwave Productions, Inc., Live America Inc., Milk Mission Productions Inc., Sweet Time Productions, Inc., Vestron Inc., Wish Again Productions, Inc., Silent Development Corp., Tongue-Tied Inc., and Film Holdings Co. Ascertained Ascertained Net Loss shall mean all amounts of Insured Net Loss Expenses for Film Projects outstanding and unpaid on each Claim Determination Date after application of (i) Revenue (after first being used to pay all out-of-pocket costs incurred under "General Conditions - Due Diligence" and "Claims Procedure" which, to the extent such costs exceed $50,000 in the aggregate per Film Project, shall be subject to the approval of the Lead Insurer, such approval not to be unreasonably withheld or delayed) and (ii) Available Crossing Amounts, provided, however, that (x) the aggregate Ascertained Net Loss for all Film Projects may not exceed the Aggregate Sum Insured for all Film Projects and (y) the Ascertained Net Loss for any individual Film Project may not exceed $12,000,000 or such lesser amount as is equal to the Sum Insured for that Film Project pursuant to the relevant Declaration. Notwithstanding any provisions to the contrary in the Sponsor Agreement which appears as Exhibit I to Schedule 1 hereto, it is understood that in computing the Ascertained Net Loss for each Film Project, the amounts available under priorities eleventh and sixteenth of Section 7(a) of the Sponsor Agreement and priorities ninth and eleventh of Section 7(b) of the Sponsor Agreement will be applied as follows for purposes of computing Ascertained Net Loss rather than being applied in the manner specified in the Sponsor Agreement.
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Examples of Aggregate Sum Insured in a sentence

  • Air Flight Accident: Maximum Aggregate Sum Insured - $25,000 24-Hour Accident: Maximum Aggregate Sum Insured - $25,000 Air Flight Accident Death or dismemberment as a result of an Accident sustained during the period of coverage while entering, riding or leaving an airplane or helicopter flight lawfully operated by a licensed public air common carrier as a fare-ticket passenger .

  • Excluding the Maximum Aggregate Sum Insured, all provisions stated herein are per Insured, per Policy Period.

  • Air Flight Accident: Maximum Aggregate Sum Insured - $25,000 24-Hour Accident: Maximum Aggregate Sum Insured - $25,000 Air Flight Accident Death or dismemberment as a result of an Accident sustained during the period of coverage while entering, riding or leaving an airplane or helicopter flight lawfully operated by a licensed public air common carrier as a fare-ticket passenger.

  • INSURING CLAUSE This Master Policy is to indemnify the Lenders under the Senior Tranche under the Loan Agreement for any Ascertained Net Loss in respect of the Film Projects, up to but not exceeding the Aggregate Sum Insured for all Film Projects.