Insurance Covenant definition

Insurance Covenant means all of the covenants and agreements of StadCo with respect to insurance policies and coverages to be maintained by StadCo pursuant to and in accordance with Article 13 of this Agreement.
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Insurance Covenant means all of the covenants and agreements of Tenant with respect to insurance policies and coverages to be maintained by Tenant and its contractors and subcontractors (of any tier) pursuant to and in accordance with this Lease.
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Insurance Covenant means all of the covenants and agreements of Developer with respect to insurance policies and coverages to be maintained by Developer pursuant to and in accordance with Article 12 hereof.
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Examples of Insurance Covenant in a sentence

  • Mr. Hopkins and Ms. Tonry agreed that such a review would be prudent.Mr. Escher moved to adopt the proposed Insurance Covenant and to include it in all Authority Loan Agreements going forward.

  • The registration application with the Insurance Covenant for Swim Platform Registration and Indemnification Agreement must be signed by the property owner before any floating device will be registered or allowed on the lake at Oak Run.

  • However, the basic concepts of patents and IP protection had been emerging in various European centres since the fourteenth century (Machlup and Penrose 1950).

  • The issues I examined focus on the particulars of the Zurich Life Insurance Covenant and Capital in Trust in favour of Mrs Young and her two daughters (“Beneficiaries”) of that Insurance Trust where Mrs Young was appointed Trustee with sole power to have executed the Trust, prompting release of capital to those Beneficiaries.

  • Sampling pumps equipped with respirable dust cyclone heads or cyclone inhalable samplers as appropriate were worn by the Train Operators, Station Staff and Analysts on passenger journeys.

  • It can neither be disputed that the later motives of Mr Ingram are with intent to act against the interests of the Beneficiary of the Insurance Covenant in Trust and it cannot be disputed that those intentions in working to frustrate Mrs Young's position in obtaining the money that is rightfully hers was dishonest and constitutes the offence of fraud where those actions are clearly also against Mrs Young's interests, as majority creditor of the SY Estate.

  • Id. In this proceeding, the Rate Covenants and the Insurance Covenant are collectively referred to as the “Bond Covenants.” Additional information on the bond covenants is provided in Black & Veatch direct testimony (PWD Statement 9A at 43-46, 46-51.) C.

  • Beginning in 2008, the Authority approved an Insurance Covenant to be included in all new bond issues that identified certain requirements borrowers must meet prior to creating and maintaining a captiveinsurance company.

  • Homeowners / Renters Insurance Covenant Towers carries all casualty and liability insurance coverage common to Condominium Projects.

  • Mr Allen had a duty to maintain honest conduct and he, in his role as Trustee must also act to preserve the interests of the insolvent party.In any case, any office holder, acting reasonably, would have established that the sum was payable to the beneficiaries upon Mr Young's death and further, that Mr Ingram and Grant Thornton clearly knew of the precise terms of the Zurich Life Insurance Covenant in Trust that could only be payable to those Beneficiaries.


More Definitions of Insurance Covenant

Insurance Covenant. With respect to any loss, liability or damage suffered after the Closing Date resulting from or arising out of the conduct of the Business on or prior to the Closing Date or for which the Asset Seller or any of its affiliates (other than BDPH) (a "Bordxx Xxxured Party") would be entitled to assert, or cause any other person to assert, a claim for recovery under any policy of Insurance underwritten by third parties not affiliated with Bordxx, xx the reasonable request of BDPH and to the extent permitted under such applicable policies of Insurance without the payment of additional premiums in connection therewith, such Bordxx Xxxured Party will assert one or more claims under the policies of Insurance covering such loss, liability or damage if BDPH is not itself entitled to assert such claim, but such Bordxx Xxxured Party is so entitled; provided, however, that all of the Bordxx Xxxured Parties' reasonable out-of-pocket costs and expenses incurred in connection with the foregoing, including without limitation any liability, obligation or expense referred to in the last sentence hereof, are, at the option and in the sole discretion of the entity incurring such costs and expenses, paid in advance of the entity incurring such costs and expenses, or promptly reimbursed by MergerCo and/or BDPH. To the extent required under the terms of the policies of Insurance to give effect to the foregoing, Bordxx xxxl be deemed, solely for the purpose of asserting claims for recovery under such Insurance to have assumed or retained liability for such loss, liability or damage but only to the extent of the policy limits of the applicable policy of Bordxx Xxxurance; provided, however, that (i) BDPH and/or Holding's
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Related to Insurance Covenant

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Incurrence Covenant A covenant by any borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower, including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture.

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Financial Covenant has the meaning specified in Section 7.08.

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Financial Performance Covenant means the covenant set forth in Section 6.10.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Sections 6.10 and 6.11.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Transfer fee covenant means a declaration or covenant purporting to affect real property which requires or purports to require the payment of a transfer fee to the declarant or other person specified in the covenant or declaration, or to their successors or assigns, upon a subsequent transfer of an interest in the real property.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Financial Covenant Debt of any Person means Indebtedness of the type specified in clauses (a), (b), (d), (e), (f) and (h) of the definition of “Indebtedness,” non-contingent obligations of the type specified in clause (c) of such definition and Guaranty Obligations of any of the foregoing.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Covenant Compliance Certificate means a properly completed and executed Covenant Compliance Certificate substantially in the form of Exhibit X hereto.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Face covering means a tightly woven fabric or non-woven material with no visible holes or openings, which covers the nose and mouth.

  • Additional Covenant means any covenant in respect of the financial condition or financial position of the Company, including, but not limited to, covenants that specify or require the maintenance of certain financial ratios applicable to the Company, and the default provision related thereto (regardless of whether such provision is labeled or otherwise characterized as a covenant or a default).

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Financial Covenants means the covenants set forth in Section 6.2.

  • insurance period means a contribution period or an equivalent period;

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Insurance Consultant or "consultant" means a person who: