Existing Coverage definition

Existing Coverage has the meaning set forth in Section 9.6(b).
View Source
Existing Coverage as defined in Section 4.9.
View Source
Existing Coverage shall have the meaning given to such term in Section 8.3(c).
View Source

Examples of Existing Coverage in a sentence

  • The Debtor presently maintains or is a named insured under the insurance coverages (individually an "Existing Coverage," and collectively, the "Existing Coverages") described on the attached Exhibit D-1 attached hereto, in the coverage amounts and with the insured risks, excluded risks, deductible amounts, and for the term specified therein.

  • The Buyer further agrees and acknowledges that, from and after the Closing, it shall be the sole obligation of the Buyer and the Company to procure and maintain insurance for the properties, operations, business and assets of the Company to replace the Existing Coverage previously provided by Seller and/or Affiliates.

  • Any refund or return of any premium payable in connection with or as a result of the termination of the Existing Coverage shall inure to the sole benefit of Seller and/or its Affiliates.

  • The Borrower shall maintain, and shall cause each Subsidiary to maintain the Existing Coverage, or replacement coverage with financially sound and reputable insurance companies and such insurance as is required by law and such other insurance in such amounts and against such hazards as may be reasonably required by the Lenders.

  • Renewal of Existing Coverage: Claim Administrator’s Claims: Claims incurred on or after the original Effective Date of Agreement and paid during the Policy Period.

  • Tenant will not hold Landlord liable for amounts exceeding insurance coverage maintained by Landlord under this Lease ("Existing Coverage") respecting any injury or damage, proximate or remote, occurring through or caused by any repairs or alterations to the Property, unless such injury or damage arises from Landlord's negligence, willful misconduct, or breach of this Lease ("Landlord's Acts").

  • Landlord shall not be liable in excess of Existing Coverage for any injury or damage occasioned by defective electric wiring, or the breaking, bursting, stoppage or leaking of any part of the plumbing, air-conditioning, heating, fire control sprinkler systems or gas, sewer or steam pipes, unless such loss arises from Landlord's Acts.

  • Landlord shall not be liable in excess of Existing Coverage for any injury or damage occasioned by defective electric wiring, or the breaking, bursting, stoppage or leaking of any part of the plumbing, airconditioning, heating, fire control sprinkler systems or gas, sewer or steam pipes, unless such loss arises from Landlord's Acts.

  • No later than ten (10) days after the Effective Date, the USF&G Parties shall pay $40 million, on account of fees and costs of the Debtors incurred in connection with the Existing Coverage Litigation and negotiations and related work leading to this Agreement, into an escrow (the "Expense and Fee Escrow").

  • The Borrower shall maintain, and shall cause each Subsidiary to maintain the Existing Coverage, or replacement coverage with financially sound and reputable insurance companies and such insurance as is required by law and such other insurance in such amounts and against such hazards as may be reasonably required by the Lender.


More Definitions of Existing Coverage

Existing Coverage means benefits or coverage provided under:
View Source

Related to Existing Coverage

  • Lot coverage means the percentage of lot area covered by all buildings on the lot;

  • Continuation Coverage means the temporary continuation of PEBB benefits available to enrollees under the Consolidated Omnibus Budget Reconciliation Act (COBRA), 42 U.S.C. Secs. 300bb-1 through 300bb-8, the Uniformed Services Employment and Reemployment Rights Act (USERRA), 38 U.S.C. Secs. 4301 through 4335, or the public employees benefits board's policies.

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • 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.

  • Fraud Coverage During the period prior to the first anniversary of the Cut-Off Date, 2.00% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date (the "Initial Fraud Coverage"), reduced by Fraud Losses allocated to the Certificates since the Cut-Off Date; during the period from the first anniversary of the Cut-Off Date to (but not including) the fifth anniversary of the Cut-Off Date, the amount of the Fraud Coverage on the most recent previous anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) reduced by Fraud Losses allocated to the Certificates since such anniversary; and during the period on and after the fifth anniversary of the Cut-Off Date, zero. On each anniversary of the Cut-Off Date, the Fraud Coverage shall be reduced to the lesser of (i) on the first, second, third and fourth anniversaries of the Cut-Off Date, 1.00% of the aggregate principal balance of the Mortgage Loans as of the Due Date in the preceding month and (ii) the excess of the Initial Fraud Coverage over cumulative Fraud Losses allocated to the Certificates since the Cut-Off Date. The Fraud Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies.