Insurance Covenants definition

Insurance Covenants has the meaning ascribed thereto in the Employment Agreements.
Sample 1Sample 2
Insurance Covenants means the covenants of Borrower under Section 6.02.
Sample 1

Examples of Insurance Covenants in a sentence

  • With the exclusion of all Enabling Work which is performed pursuant to the Enabling Work Agreement, StadCo shall not do or permit others to do any Project Improvements Work unless and until (i) StadCo shall have first procured and paid for applicable permits, licenses, and approvals then required under Applicable Law to commence the specific work being performed and (ii) StadCo has complied with the Insurance Covenants.

  • Group life provides access to cover, ease of cover and efficient delivery of benefits as a proportion of premium when compared with other models of distribution.Industry Super Funds provide improved value for money cover by not paying commissions and charging only the cost to provide the benefit to members.Section 52(7) of the SIS Act sets out a range of Insurance Covenants that must be observed by Registrable Superannuation Entities.

  • The Borrower undertakes to the Lender at all times to comply and to procure compliance with the insurance covenants set out in schedule 6 (Insurance Covenants).

  • IFC shall notify the Borrowers of any proposed modification under 5.05 (m) to the requirements of this Section 5.05 (Insurance Covenants) which IFC, may reasonably consider appropriate in the circumstances and, after consultation and taking full account of the Borrowers' opinions, such modification shall take effect on and from the date it is notified in writing to the Borrowers as an amendment to this Section 5.05 (Insurance Covenants) and shall bind the Borrowers accordingly.

  • Changes in non-cash operating working capital during the years ended September 30, 2019 and September 30, 2018 were comprised of the following:September 30, September 30, During the years ended September 30, 2019 and September 30, 2018 there were no amounts paid on account of interest or income taxes.

  • That is because I unabashedly believe that the good news of Jesus Christ is the most important doctrine of them all.

  • Landlord’s Insurance Covenants................................................................................

  • IFC shall notify the Borrower of any proposed modification under 5.05 (m) to the requirements of this Section 5.05 (Insurance Covenants) which IFC, may reasonably consider appropriate in the circumstances and, after consultation and taking full account of the Borrower's opinions, such modification shall take effect on and from the date it is notified in writing to the Borrower as an amendment to this Section 5.05 (Insurance Covenants) and shall bind the Borrower accordingly.

  • In anticipation of replacing their current commercial coverage with a captive insurance company, CentraState is requesting the Authority’s approval to amend both of their Series 1998 Bonds, 2006A Bonds and 2010 Capital Asset Program Loan Insurance Covenants.

  • Therefore, Staff requested that Members approve CentraState’s Resolution and Amendment to amend their existing Insurance Covenants so that they reflect the Authority’s current insurance requirements.Mr. Conroy asked if there had been a review to assure that there would be no adverse impact on all of the original parties.

Related to Insurance Covenants

  • 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:

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

  • Incurrence Covenant means 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) only upon the occurrence of certain actions of the borrower, including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture.

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

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • 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.

  • Financial Covenant means the covenant set forth in Section 7.09.

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

  • Negative Covenants means any negative or similar restrictive covenant (including, without limitation, under Article 7) made by the Borrowers in this Agreement or in any other Loan Document.

  • Affirmative Covenants The following affirmative covenants, among others, if any, to be negotiated in the Senior Facilities Documentation, will apply (to be applicable to the Borrower and its restricted subsidiaries), subject to customary (consistent with the Documentation Precedent) and other baskets, exceptions and qualifications to be agreed upon: maintenance of corporate existence and rights; performance and payment of obligations; delivery of annual and quarterly consolidated financial statements (accompanied by customary management discussion and analysis and (annually) by an audit opinion from nationally recognized auditors that is not subject to any qualification as to scope of such audit or going concern) (other than solely with respect to, or resulting solely from an upcoming maturity date under any series of indebtedness occurring within one year from the time such opinion is delivered) (with extended time periods to be agreed for delivery of the first annual and certain quarterly financial statements to be delivered after the Closing Date) and an annual budget (it being understood that the public REIT reporting that includes the Borrower shall satisfy the Borrower’s reporting obligations so long as it includes a consolidating income statement and balance sheet for the Borrower); delivery of notices of default and material adverse litigation, ERISA events and material adverse change; maintenance of properties in good working order; maintenance of books and records; maintenance of customary insurance; commercially reasonable efforts to maintain ratings (but not a specific rating); compliance with laws; inspection of books and properties; environmental; additional guarantors and additional collateral (subject to limitations set forth under the captions “Guarantees” and “Security”); further assurances in respect of collateral matters; use of proceeds; and payment of taxes.

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

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

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

  • 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.

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

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

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

  • Insurance Requirements means, collectively, all provisions of the Insurance Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon each Loan Party which is an owner of Mortgaged Property and applicable to the Mortgaged Property or any use or condition thereof.

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

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

  • Environmental covenant means a servitude arising under an environmental response project that imposes activity and use limitations.

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