Contingent Policy definition
Contingent Policy means (i) the insurance policy MK 51244 provided by ▇▇▇▇▇▇ Limited for the benefit of the Borrower as in effect on the Original Closing Date, in the form provided and certified as a true and correct copy by the Borrower to the Administrative Agent for review prior to the Original Closing Date, with such amendments, addendums, endorsements, extensions or replacements as may have been entered into consistent with the provisions of Section 10.34 hereof, or (ii) one or more aviation hull, liability and/or other insurance policies in replacement of the foregoing as the Administrative Agent shall have reasonably approved.
Contingent Policy shall have the meaning set forth in Preamble.
Contingent Policy means (i) the insurance policy provided for the benefit of the Borrower, among others, in the form provided and certified as a true and correct copy by the Borrower to the Administrative Agent and the Class A Lenders for review prior to the Initial Advance Date and which the Administrative Agent and each of the Class A Lenders (acting reasonably) shall have approved in writing, with such amendments, addendums, endorsements, extensions or replacements as may have been entered into consistent with the provisions of Section 10.34 hereof, but only so long as no adverse change shall occur to the financial condition or rating (as given by any recognized insurance company rating agency) of the insurer thereunder, or (ii) one or more aviation hull, liability and/or other insurance policies in replacement of the foregoing as the Administrative Agent and each of the Class A Lenders shall have approved in writing.
Examples of Contingent Policy in a sentence
Lessor shall be included as an additional insured in the public liability and property damage insurance policies, or in lieu thereof, shall be furnished an Owner's Contingent Policy or Owner's Protective Liability Policy satisfactory to the Lessor to provide adequate insurance coverage, all with the same amount of coverage and subject to the terms and conditions as stated under the specified insurance requirements of this lease.
More Definitions of Contingent Policy
Contingent Policy shall have the meaning set forth in Preamble. “Corporate Trustee” means any institutional trustee that is appointed as trustee or co-trustee of a Retail Borrower at the request of the Retail Lender. “E&O Policy” [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]. “Imperial Party” means any of the Company, any Retail Lender, the Insured and/or their respective Affiliates and its and their respective officers, directors and employees. “Imperial Prohibited Act” means any of the following: (A) [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT].