Equivalent Insurance definition

Equivalent Insurance has the meaning set out in Section 6.6;
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Equivalent Insurance has the meaning ascribed thereto in Section 3.2(a);
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Equivalent Insurance means an insurance policy that is substantially equivalent in terms of amount, scope, exclusions, deductibles and limitations to the Target’s current directors’ and officers’ liability insurance policy;
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Examples of Equivalent Insurance in a sentence

  • Equivalent Insurance Coverage - When an equivalent insurance coverage is submitted to satisfy the minimum insurance requirements, the Contractor's insurance representative must submit written verification of the equivalency for the required minimum insurance coverage.

  • EU: Method of Calculation in the Member States of the Financial Guarantee and Equivalent Insurance pursuant to Art.6 of Regulation (EC) No 1013/2006 on shipments of waste (2016) A compilation of methods used in EU Member States was published in 2016.

  • The Variable Fee Component of the Operations Fee is determined by calculating the sum of the product of the daily census for each type of Resident in the Veterans Home for the preceding month (i.e., either (i) Medicare Part A, or Equivalent Insurance, or (ii) all other Residents of the Veterans Home) and the applicable variable fee rate (as shown on SCHEDULE 8.02) that is effective for the relevant period.


More Definitions of Equivalent Insurance

Equivalent Insurance has the meaning ascribed thereto in Section 8.2.
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Equivalent Insurance means an equivalent insurance policy to Storm's current directors' and officers' insurance policy, on a "trailing" or "run off" basis, subject in either case to terms and conditions no less advantageous to the directors and officers of Company than those contained in the directors' and officers' policy in effect as of the date of the Arrangement Agreement;
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Equivalent Insurance an insurance policy that is substantially equivalent in terms of amount, scope, exclusions, deductibles and limitations to the Corporation's current directors' and officers' liability insurance policy;
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Equivalent Insurance means an insurance plan that provides substantially the same benefits for skilled nursing facility care, ancillary services, and therapy services as Medicare Part A or Medicare Part B, as applicable, but does not include the enhanced per diem for SCD residents.
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Equivalent Insurance has the meaning ascribed thereto in Section 5.8;
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Related to Equivalent Insurance

  • Equivalent Load means the sum of a Market Participant’s net system requirements to serve its customer load in the PJM Region, if any, plus its net bilateral transactions.

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.

  • Credit unemployment insurance means insurance:

  • Aluminum equivalent means the thickness of type 1100 aluminum alloy affording the same attenuation, under specified conditions, as the material in question.

  • 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.

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

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

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

  • Standby Letter of Credit Fee shall have the meaning assigned to such term in Section 3.5(b)(i).

  • 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.

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • 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”)

  • Reimbursement insurance policy means a policy of insurance

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

  • A.M. Best A.M. Best Company, Inc. or its successors in interest. If neither A.M. Best nor any successor remains in existence, “A.M. Best” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer and specific ratings of A.M. Best herein referenced shall be deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Industrial insured captive insurance company means a company that insures risks of the industrial insureds that comprise the industrial insured group and their affiliated companies.

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • Equivalent Services shall have the meaning set out in Clause 6.3;

  • Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the applicable L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Alternate Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternate Currency as determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternate Currency with Dollars.

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • Insurance Fee Rate With respect to each Mortgage Loan insured by an Insurance Policy paid for by the lender, the per annum rate specified in the Mortgage Loan Schedule.

  • 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.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.