Hull Insurance definition

Hull Insurance. With respect to any Aircraft, hull insurance and political risk insurance, if necessary, shall be maintained in an amount equal to the greatest of:
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Hull Insurance. With respect to any Engine, hull insurance shall be maintained by the Lessee and, to the extent such hull insurance is not maintained by Lessee, the Issuer shall maintain contingent hull insurance coverage, in each case, in an amount at least equal to Adjusted Appraised Value for such Engine; provided, however, that in the event that an agreement with respect to hull insurance cannot be reached with any particular Lessee pursuant to which such Lessee will pay the premiums to procure such insurance in amounts consistent with the foregoing, hull insurance shall be procured by the Servicer on behalf of the Issuer in an amount equal to the amount set forth above, at the expense of the Issuer. Parts, if any, shall be insured on the basis of their replacement cost under similar circumstances.
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Hull Insurance shall have the meaning assigned thereto in Section 6.4(a)(1) of this Agreement.
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Examples of Hull Insurance in a sentence

  • The Risk Manager will coordinate with the Attorney General’s Office prior to filing a claim for losses with the insurance company.Aircraft Liability and Hull Insurance - Provides liability coverage on owned and non- owned aircraft, and physical damage coverage on fixed wing aircraft on scheduled craft, subject to various deductibles.6. Watercraft - Liability protection for all State-owned watercraft is provided through the Attorney General’s Office, as part of the self-funded tort claims liability program.

  • Hull Insurance on the basis of Institute Time Clause (Hulls) including 4/4 Running Down Clause or equivalent conditions, covering the vessel subject to a sum insured of not less than the full market value of the vessel.

  • The entrepreneur is required to take out adequate insurance for the vessel being built and for the materials intended for new constructions or renovations, pieces of equipment and other accessories in order to cover the time the vessel is at the boatyard, as well as during the inspection and trial run up until delivery, the insurance being in the name of the entrepreneur, and against all risks that a Dutch Bourse Hull Insurance policy for construction work, or an equivalent policy, covers.

  • In case the Company shall be liable to pay a total loss (as per Article 3 of General Clauses of Hull Insurance), such loss shall be payable to each Assured for their respective portion of insured interest in the vessel.Article 2.

  • The CARRIER shall provide to the CONTRACTOR evidence of Protection and Indemnity and Hull Insurance coverage with the running down clause covering all watercraft and/or vessels using the Terminals.

  • The Contractor must provide a waiver of subrogation under any Hull Insurance Coverage the Contractor maintains for hull damage in favour of the Government of the Northwest Territories with respect to services provided under any resultant contract.

  • Hull Insurance policy shall include the NCPOR as co-assured and shall contain a waiver of subrogation for the benefit of the NCPOR, if applicable.

  • Hulls of ship and boats can be insured under Marine Hull Insurance.

  • In case the Company shall be liable to pay a total loss (as per Article 3 of General Clauses of Hull Insurance), such loss shall be payable to the payee specified in the schedule of this policy.Article 2.

  • Hull Insurance, including owned and non-owned aircraft, at agreed values.


More Definitions of Hull Insurance

Hull Insurance shall have the meaning set forth in Section 6.4(a)(i).
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Hull Insurance. With respect to any Aircraft, hull insurance shall be maintained by the Lessee and MSAF in an amount equal to the greatest of (a) the Note Target Price for such Aircraft (as such Note Target Price is defined in any Indenture, as the same shall be amended in writing from time to time by MSAF), (b) the appraised value for such Aircraft, (c) the Agreed Value of such Aircraft (as such Agreed Value is defined in the applicable Lease), and (d) such greater amounts as may be directed in writing by MSAF from time to time; provided, however, that in the event that an agreement with respect to hull insurance cannot be reached with any particular Lessee pursuant to which such Lessee will pay the premiums to procure such insurance in amounts consistent with the foregoing, hull insurance shall be maintained in an amount equal to the greater of clauses (a) and (d) above. Spare engines and parts, if any, shall be insured on the basis of their "replacement costs".
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Related to Hull Insurance

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

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

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Industrial insured means an insured:

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

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • 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”)

  • 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.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud.

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

  • Loss Payee Has the meaning specified in Section 13.02(b)(i) of the Lease.

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

  • 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.

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Dental Insurance The District shall contribute $175.00 annually toward the cost of dental insurance whether for single or family coverage for full status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction. This coverage shall continue for the duration of this contract.

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

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

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Property Insurance is defined in Section 6.10(a).

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

  • R&W Insurer means AIG Specialty Insurance Company.

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

  • 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.