Excluded Insurance Proceeds definition

Excluded Insurance Proceeds means any proceeds of an insurance claim:

Excluded Insurance Proceeds means any proceeds of an insurance claim which the Borrower notifies the Agent are, or are to be, applied:

Excluded Insurance Proceeds means the proceeds of the following insurance claims: (i) in respect of business interruption claims to cover operating losses (including but not limited to loss of profits, operating expenses and other costs) of the Borrower in respect of which the relevant insurance claim was made; (ii) covering, and applied to, a third party claim; or (iii) other insurance claims as approved by the Administrative Agent in its sole discretion.

Examples of Excluded Insurance Proceeds in a sentence

• The Buyer must (or must procure that the Company) pay to the Seller an amount equivalent to the Excluded Insurance Proceeds as soon as possible after the receipt of any Excluded Insurance Proceeds by or on behalf of the Company.

• The Agent shall, upon receipt of such proceeds (other than Excluded Insurance Proceeds) and at Borrower's direction, either apply the same to the principal amount of the Loans outstanding at the time of such receipt and create a corresponding reserve against Revolving Credit Availability in an amount equal to such application (the "DECISION RESERVE") or hold them as cash collateral for the Obligations.

• Several primary layer systems can be seen in this profile: (a) Yellow dots, or “picks”, define the bottom of a thin asphalt (b) green and blue boundaries contain multiple granular layer sequences which might correspond to base and subbaselayers or even different lifts in the same material (c) considering their depth, brown “picks” are possible the layering in the subgrade material of the surveyed site.

• Any reference in the Finance Documents to any amount, including, without limitation, Excluded Disposal Proceeds, Excluded Insurance Proceeds, Excess Listing Proceeds, Retained Excess Cashflow and Waived Amounts, being available to be used for a particular purpose, shall be construed to include the aggregate of all such amounts generated since the Signing Date to the extent not already used for another purpose.

• The Parent and each Borrower further irrevocably authorise the Agent to so apply amounts credited to the Holding Account whether or not the periods detailed in the definitions of Excluded Insurance Proceeds and/or Excluded Disposal Proceeds have elapsed since receipt of those proceeds if a Default has occurred and is continuing.

More Definitions of Excluded Insurance Proceeds

Excluded Insurance Proceeds means any Net Proceeds of insurance claims:

Excluded Insurance Proceeds means any proceeds of an insurance claim which the Company notifies the Agent are, or are to be, applied:

Excluded Insurance Proceeds means the proceeds of the following insurance claims which the Borrower notifies the Administrative Agent are or are not to be applied: (i) in respect of business interruption claims to cover operating losses (including but not limited to loss of profits, operating expenses and other costs) of the Borrower in respect of which the relevant insurance claim was made; (ii) to meet a third party claim; or (iii) other insurance claims as approved by the Administrative Agent.

Excluded Insurance Proceeds means any proceeds of an insurance claim or series of related claims (not relating to third party liability, business interruption, loss of earnings or similar claims) received or recovered by any Relevant Obligor, any Holdco Group Member or any Group Member which are applied:

Excluded Insurance Proceeds means any proceeds of an Insurance claim which a Borrower notifies the Facility Agent will be applied for the replacement, reinstatement and/or repair of the assets or otherwise in amelioration of the loss in respect of which the relevant Insurance claim was made within 6 months after receipt, but in each case such proceeds are not more than RMB 10,000,000 and does not include any proceeds arising out of a total loss or a major damage.

Excluded Insurance Proceeds means any proceeds of an insurance claim which the Borrower notifies the Administrative Agent in writing are, or are to be, applied in the replacement, reinstatement and/or repair of the assets or otherwise in amelioration of the loss in respect of which the relevant insurance claim was made, in each case as soon as possible (but in any event within 90 days) after receipt.

Excluded Insurance Proceeds has the meaning given to that term in Clause 11.3 (Acquisition, Disposal, Insurance and Recovery Proceeds and Excess Cashflow).