Assignment of Insurance Proceeds definition

Assignment of Insurance Proceeds means the document in the form of Schedule 8 (Form of Assignment of Insurance Proceeds).
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Assignment of Insurance Proceeds shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.
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Assignment of Insurance Proceeds means the document in the form of Schedule 3 (Form of Assignment of Insurance Proceeds).
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Examples of Assignment of Insurance Proceeds in a sentence

  • At any time prior to (i) the date of successful completion of the In-Orbit Acceptance Review for the first Satellite or, if that does not occur, then (ii) the date when the Borrower executes the Assignment of Insurance Proceeds, the Contract is terminated or suspended or the Borrower or the Supplier repudiates the Contract, or the Borrower or Supplier defaults in the observance or performance of any of the material covenants or agreements contained in the Contract.

  • The Plaintiffs did not receive any of the Insurance Proceeds from either the Defendant or Waterland, despite provisions in the various loan documents assigning any insurance proceeds to the Plaintiffs and despite the priority scheme applicable to any insurance proceeds set forth in the Consolidated Intercreditor Agreement, the Assignment of Insurance Proceeds, and the Anderson Subordination Agreement.

  • The Borrower fails to enter into the Assignment of Insurance Proceeds and (if applicable) within 60 days of the Satellite suffering a Total Loss or Constructive Total Loss except in circumstances where the Contract is cancelled, repudiated or terminated prior to the expiry of those 60 days.

  • The execution of the Assignment of Insurance Proceeds by Waterland in favor of Commerce was required as part of the Commerce Loan because it was a high-risk transaction and the “insurance proceeds was a key factor in providing some form of return on this investment, and collateral for the loan.” See Tr. March 28, 2017, pp.

  • The Borrower fails to enter into the Assignment of Insurance Proceeds (if applicable) within 60 days of the Satellite suffering a Total Loss or Constructive Total Loss except in circumstances where the Contract is cancelled, repudiated or terminated prior to the expiry of those 60 days.

  • The Maryland Plaintiffs would not have entered into the Consolidated Intercreditor Agreement absent the pledge of the Insurance Proceeds, and Commerce would not have extended the Commerce Loan absent the Assignment of Insurance Proceeds between Waterland and Commerce and the Anderson Subordination Agreement between Commerce and Joann Anderson.

  • Both Sable Cove and Edge complained to defendant about this wrongful failure to pay.On February 7, 2014, Sable Cove and Edge entered into a Post-Loss Assignment of Insurance Proceeds wherein Sable Cove assigned to Edge its unpaid, post-loss policy benefits of $153,417.02 for the subject overhead and profit for the workthat has already been completed.

  • However, intradermally administered influenza vaccination(s) and enhanced immunogenicity are subject to the maximum benefit the Plan allows for intramuscular injectable influenza vaccine without thimerasol per Covered Person per Calendar Year.

  • Prior to submitting the Assignment of Insurance Proceeds form, the funeral home will want to verify that the policy is in place and confirm who are the beneficiaries under the policy.

  • Terms defined in the Assignment of Insurance Proceeds shall have, when used in this consent to assignment, the same meaning herein as therein unless the context otherwise requires.


More Definitions of Assignment of Insurance Proceeds

Assignment of Insurance Proceeds means any assignment by way of security in favour of the Noteholders of receivables arising from the Insurance Policies, which may be entered into as an alternative to the Endorsement of Insurance Policies.
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Assignment of Insurance Proceeds the agreement entitled Assignment Agreement of even date herewith, among the Co-Borrowers and IFC, whereby each of the Co-Borrowers assigns to IFC all of its right, title and interest in and to all insurance proceeds under insurance policies insuring the IFC Security;
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Assignment of Insurance Proceeds means the Assignment of Insurances made by the Companies in favor of the Lender respecting their interest in the Vessel, in the form of Exhibit O.
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Related to Assignment of Insurance Proceeds

  • Assignment of Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.

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

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Collateral Assignment Agreement has the meaning set forth in Section 9.05.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

  • Net Insurance Proceeds Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

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

  • Collateral Assignments means, collectively, the Assignment of the Development Agreement, and the Assignment of Management Agreement, the Assignment of the Right to Receive Tax Credits, Capital Contributions and Partnership Interests, each in form and substance satisfactory to the Significant Bondholder and the Financial Monitor and as each may be amended or supplemented from time to time with the prior written consent of the Significant Bondholder.

  • Insurance Assignment means the valid and effective first legal assignment of the Insurances (together with the notice thereof), to be executed by the Borrower in respect of the Vessel in favour of the Trustee and the Commercial Loan Trustee, such assignment and notice to be in the form and on the terms and conditions required by the Agent, the Hermes Agent and the Commercial Loan Agent and agreed on the signing of the Original Loan Agreement and as specified in paragraph 47 of Schedule 4;

  • Insurance and Condemnation Proceeds shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Certificate of Insurance means a document showing that an insurance policy has been written and includes a statement of the coverage of the policy.

  • 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.

  • Bond Insurance Policy means the municipal bond new issue insurance policy issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds.

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • Assignment of Earnings shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.

  • 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.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • contract of insurance means an agreement between the Secretary of Education and either the Trustee or the Seller providing for the insurance by the Secretary of Education of the principal of and accrued interest on a FFELP Loan to the maximum extent permitted under the Higher Education Act.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Casualty insurance means liability insurance.

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

  • 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.

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Assignment of Proprietary Lease With respect to a Cooperative Loan, the assignment of the related Cooperative Lease from the Mortgagor to the originator of the Cooperative Loan.

  • Assignment of Contracts shall have the meaning provided in Section 5.07.