Basis Insurance Policy definition

Basis Insurance Policy means a policy that provides the Insured protection in the event that the Fed Cattle Basis Settlement Index is less than the Fed Cattle Insured Basis Index during the week(s) of the Claim Date(s).
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Basis Insurance Policy means a Policy that provides the Producer protection in the event that the appropriate basis Settlement Index is less than an Insured Basis Index during the appropriate Claim period as described in an Insuring Agreement.
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Examples of Basis Insurance Policy in a sentence

  • The Insured will be entitled to an Indemnity under a Basis Insurance Policy if the Fed Cattle Basis Settlement Index for the week of the Claim Date is less than the Fed Cattle Insured Basis Index applicable for that Policy.

  • Basis Insurance Policy: The maximum dollar coverage provided under a Basis Insurance Policy is an amount equal to the product of the Insured Weight and ($100/Unit plus the Insured Basis Index).

  • In consideration of the payment of the Premium and of the statements made in the Application, the Insurer will indemnify the Insured in respect of Claims made under a Price Insurance Policy or a Basis Insurance Policy.

  • The Producer is entitled to an Indemnity under a Basis Insurance Policy if the Fed Cattle Basis Settlement Index for the week of the Claim Date is less than the Fed Cattle Insured Basis Index applicable for that Policy.

  • In order to support use cases beyond simple P2P payments, we model a system of o↵-chain applications as a directed acyclic graph (DAG) of conditionally dependent states, where the edges represent the dependencies among them.

  • It is hoped that consensus will be reached as to the beginning of the ISBD revision process in 2016.

  • Pursuant to such authority, AFSC will insure eligible persons under a Price Insurance Policy or a Basis Insurance Policy covering Eligible Livestock, subject to the terms and conditions of this Contract.

  • Basis Insurance Policy means a policy that provides the Producer protection in the event that the Fed Cattle Basis Settlement Index is less than the Fed Cattle Insured Basis Index during the week(s) of the Claim Date(s).2.

  • This research project was supported by grant number G.0A85.15N.change, as well as the processes contributing (or not) to that (sought after) change.

  • The maximum dollar coverage provided under a Basis Insurance Policy is an amount equal to the product of the Insured Weight and ($100/Unit plus the Insured Basis Index).

Related to Basis Insurance Policy

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

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

  • 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.

  • 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.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • 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.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

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

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Life Insurance Policy has the meaning given in Section 6.10.

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

  • Reimbursement insurance policy means a policy of insurance

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • 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 Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

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