Insurance Indemnity definition

Insurance Indemnity means the amount of money payable by the Insurer under the Contract upon occurrence of the Insurable Event, the specific amount of which shall be calculated and paid in accordance with the procedure and time limits set by the General Insurance Terms and Conditions and Special Terms and Conditions and/or any other indemnity related to the Contract.

Insurance Indemnity means the amount payable by the Insurer as damages and as compensation for necessary legal costs.

Insurance Indemnity means financial compensation paid under the insurance contract in order to indemnify the loss caused as a consequence of an insured event and costs for legal assistance and expert assessment.

Examples of Insurance Indemnity in a sentence

• Without limiting in any manner the obligations and Liabilities of the Parties under the Tax Matters Agreement, including all withholding obligations otherwise set forth therein, SpinCo and each SpinCo Group member shall bear its responsibility for payroll tax obligations and for the proper reporting to the appropriate governmental authorities of compensation earned after the Business Transfer Time.

• Should you have a suitable insurance policy already in place, we will require details of your cover and the completion of our Insurance Indemnity Form that will be issued upon receipt of your booking.

• Such being the case, BTA shall not disburse the Insurance Indemnity and shall not pay back the paid Insurance Premium.Both the Policyholder and BTA are entitled to, upon sending prior notification thereupon, terminate the Insurance Contract after disbursement of Insurance Indemnity.

• Expenses in regard to transfer of Third Party’s claim rights shall not be considered indemnifiable losses.If third party liability of the Insured is insured by the several insurers, BTA shall disburse the Insurance Indemnity proportionally the Liability Limit defined by the Insurance Contracts per a single insured event or the Sublimit (if any).

• If malicious intent or gross negligence by the Insured was the reason not to participate in procedural investigative activities or legal proceedings, the Insured shall indemnify to BTA for loss caused due to this action or omission.BTA may reject disbursement of Insurance Indemnity and terminate the Insurance Contract unilaterally without refunding the Insurance Premium, if the Insured due to malicious intent or gross negligence failed to perform any of the above-mentioned actions.

• Sub-contractors will be bound by all the terms and conditions of this ITT and resulting Contract with the Contractor, including, but not limited to Insurance, Indemnity, Conflict of Interest and Confidentiality.

• The Insurer shall also be entitled to reduce the Insurance Indemnity or refuse to pay it in cases laid down in clause 11.13 of the General Insurance Terms and Conditions.

• Crime insurance is available for Tenants in all habitable property through the New Jersey Underwriters Association, Crime Insurance Indemnity Plan.

• Any legal person, including persons employed by the Fund, the Attorneys Insurance Indemnity Fund, the respective Law Societies, or the Law Society of South Africa, persons having a kinship with persons employed by the Fund, the respective Law Societies, or the Law Society of South Africa, including a blood relationship, may make an offer or offers in terms of this invitation to bid/tender.

• Appendix A to this subpart describes the derivation of the pricing multipliers and uniform amount and explains how they will be periodically updated.

More Definitions of Insurance Indemnity

Insurance Indemnity means the amount paid by an insurance company to a policyholder arising from an insured event.

Insurance Indemnity means the amount of money to be paid as compensation for the loss suffered as a result of an insured event.

Insurance Indemnity. Each party hereby agrees:

Insurance Indemnity means any amount of money under, arising out of, or relating to an insurance indemnity, insurance premium reimbursement, or any other pecuniary benefit from or on behalf of an insurance institution, or any right of an insurance institution to demand or arrange for any pecuniary benefit from a third party, and any right to subrogation in rights of an insurance institution, in connection with the Private Unit or the Project or any unit or part thereof, including, without limitation, under any insurance agreement, insurance policy, endorsement, or letter of insurance coverage.

Insurance Indemnity means the amount of money payable by the Insurer to the Beneficiary under the Contract upon occurrence of the Insurable Event.

Insurance Indemnity. Each party hereto waives their respective right of subrogation against the other part. Landlord shall not be liable to Tenant or any other person for any loss, injury or damage to Tenant, and employee, agent, or guest or Tenant, to the personal property of Tenant or any other person arising from any cause what so ever including, without limitation any acts of negligence, improper construction to failure to repair any building or improvements on the premises. Tenant hereby agrees to indemnify Landlord and hold it harmless from any loss, expense claims arising out of such damage or injury, nor shall Landlord be liable to Tenant for any loss or damage that may occasioned by or through the act of omission of other Tenants of the premises, or of any other person whatsoever. Xxxxxx further agrees to indemnify and hold Landlord harmless from and against any damage caused by any act or omission by Tenant, employees, agents, or guests of Tenant, or caused by the use of the premises by Xxxxxx.