Insurance Event definition

Insurance Event means any casualty or other insured damage to all or any part of any assets of the Borrower or any Restricted Subsidiary.

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Insurance Event means an occurrence that arises during the term of the insurance and which is covered by the insurance. You should contact Bliwa’s Healthcare Centre if you need advice and/or care as a consequence of an

Insurance Event means any event that results in the Borrower or its Subsidiaries receiving Net Cash Proceeds of the type described in clause (b) of the definition of Net Cash Proceeds.

Examples of Insurance Event in a sentence

To RSD's knowledge since inception there has not been any damage, destruction or loss, which could have been deemed as an "Insurance Event".
To NHT's knowledge since NHT's inception there has not been any damage, destruction or loss, which could have been deemed as an "Insurance Event".
On the date of receipt by the Borrower or any Restricted Subsidiary, or by the Collateral Agent as loss payee, of any Net Proceeds in respect of any Insurance Event, the Borrower shall prepay the Term Borrowings in an aggregate amount equal to 100% of such Net Proceeds.
In the event of an Adverse Insurance Event, the Company may, at its sole discretion, create a trust for the benefit of the Indemnified Party and from time to time fund such trust in such amounts and with such security as the Company’s Board of Directors may, at its sole discretion, determine to satisfy Losses reasonably anticipated or proposed to be incurred or paid from time to time until the expiration of all applicable limitation periods in connection with any Claims.
When an Insurance Event occurs or when there is an immediate threat of the occurrence of an Insurance Event, the Insured shall to the best of his ability have the property damage or loss prevented or restricted.

More Definitions of Insurance Event

Insurance Event shall have the meaning specified in Section 2.03.

Insurance Event means as event upon the happening of which the liability under an insurance contract arises;

Insurance Event means any damage or destruction of the Building by any of the Insured Risks which at the date of such damage or destruction is covered by any policy of insurance maintained by the Landlord under this Lease.

Insurance Event means any loss or damage to the assets of the Borrower that gives rise to a claim and payment to the Borrower under any insurance policy maintained by the Borrower (excluding any claim under a business interruption insurance policy).

Insurance Event means any casualty or other insured damage to all or any part of any assets of the Borrower or any Restricted

Insurance Event means an event the occurrence of which the Contractor has insured against in accordance with Clause 6;