Base Relevant Insurance Cost definition

Base Relevant Insurance Cost means, the aggregate of the Base Costs which were (at Bid Date) projected to be incurred to maintain the Relevant Insurance during the Insurance Review Period Indexed from the Bid Date up to the dates on which the Relevant Insurance was placed or renewed either immediately before or during the Insurance Review Period (as applicable in respect of the year in question) less any Base Relevant Insurance Reduction;
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Base Relevant Insurance Cost the aggregate of the Base Costs which were (at Financial Close) projected to be incurred to maintain the Relevant Insurance during the Insurance Review Period indexed by actual RPI from Financial Close up to the dates on which the Relevant Insurance was placed or renewed either immediately before or during the Insurance Review Period (as applicable in respect of the year in question) less any Base Relevant Insurance Reduction; "Base Relevant Insurance Reduction" the reduction to be made to the Base Relevant Insurance Cost in respect of a risk which has become Uninsurable or a term or condition which is no longer available and shall be an amount that is either:
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Base Relevant Insurance Cost has the meaning given in Section 7.1(b) of Schedule 24 - Insurance and Performance Security Requirements.
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Examples of Base Relevant Insurance Cost in a sentence

  • It is not meant to be used as a replacement of the guidelines in which the inspections are based upon.

  • BRIC Means the annual Base Relevant Insurance Cost as set out in the Financial Model being an amount equal to $[REDACTED] for all Contract Years other than Contract Year 1 and Contract Year 28 for which this amount shall be equal to $[REDACTED].


More Definitions of Base Relevant Insurance Cost

Base Relevant Insurance Cost means for the first Insurance Review Period and, thereafter, means the aggregate of the annual insurance premiums which were projected (as set out in the Financial Model) to be incurred by Project Co to maintain (or cause to be maintained) the Relevant Insurance during the Insurance Review Period, which amounts exclude Taxes and all broker’s fees and commissions.
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Base Relevant Insurance Cost means, the aggregate of the Base Costs which were (at Base Date) projected to be incurred to maintain the Relevant Insurance during the Insurance Review Period indexed by actual RPI from the Base Date up to the dates on which the Relevant Insurance was placed or renewed either immediately before or during the Insurance Review Period (as applicable in respect of the year in question) less any Base Relevant Insurance Reduction;
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Base Relevant Insurance Cost means, the aggregate of:
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Base Relevant Insurance Cost means MFIPPA Section 11(c)(d) at the Relevant Insurance Inception Date and, thereafter, means the aggregate of the annual insurance premiums which were projected (as set out in the Financial Model pursuant to RFP Schedule 3 – Part 2, Section2.19 – Base Relevant Insurance Cost) to be incurred by Project Co to maintain (or cause to be maintained) the Relevant Insurance during the Insurance Review Period, which amounts exclude Taxes and all broker’s fees and commissions.
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Base Relevant Insurance Cost the aggregate of the Base Cost which was (at Base Date) projected to be incurred to maintain the Relevant Insurance during the Insurance Review Period RPIx Indexed from the Base Date up to the dates on which the Relevant Insurance was placed or renewed either immediately before or during the Insurance Review Period (as applicable in respect of the Year in question) less any Base Relevant Insurance Reduction;
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Base Relevant Insurance Cost means, the aggregate of the Base Costs which were (at Financial Close) projected to be incurred to maintain the Relevant Insurance during the Insurance Review Period escalated by actual RPI from the Bid Date up to the dates on which the Relevant Insurance was placed or renewed either immediately before or during the Insurance Review Period but excluding insurance premium tax and all brokers’ fees and commissions less any Base Relevant Insurance Reduction; "Base Relevant Insurance Reduction" the reduction to be made in respect of a risk which has become Uninsurable and shall be an amount that is either:
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Related to Base Relevant Insurance Cost

  • Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other lessee of the Building. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period. If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b).

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Insurance carrier means every insurance carrier duly

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

  • Basic Comprehensive User Guide means the Ministry document titled Basic Comprehensive Certificates of Approval (Air) User Guide” dated April 2004 as amended.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • 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”)

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Borrower or any of its Restricted Subsidiaries, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of coinsurance in an amount up to $150,000,000) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth herein.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Health insurance carrier or "carrier" means any entity subject to the insurance

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Period of Coverage means the Plan Year, with the following exceptions: (a) for Employees who first become eligible to participate, it shall mean the portion of the Plan Year following the date on which participation commences, as described in Section 3.1; and (b) for Employees who terminate participation, it shall mean the portion of the Plan Year prior to the date on which participation terminates, as described in Section 3.2.

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • insurance period means a contribution period or an equivalent period;

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

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

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

  • Insurance Schedule means Schedule 3 attached hereto.

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

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

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;