Insurance Receivable definition

Insurance Receivable means the $1 million insurance receivable described on the Pro Forma Balance Sheet of Parlin Cogen as of June 30, 1995.
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Insurance Receivable instruments", "inventory", "investment property", "letter-of-credit right", "proceeds", "record", "securities account", "security", "supporting obligation" and "tangible chattel paper".
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Insurance Receivable shall have the meaning given to the term "health-care-insurance receivable" in the UCC. Healthcare Laws - Medicaid Regulations, Medicare Regulations, Anti-Kickback Statutes, TRICARE (10 U.S.C. Sections 1071-1106), and all other applicable current and future laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions or binding agreements issued, promulgated or entered into by the Food and Drug Administration, CMS, HHS, the Office of Inspector General of HHS, the Drug Enforcement Administration or any other Governmental Authority, including any state or local professional licensing laws, certificate of need laws and state reimbursement laws, relating in any way to the conduct of the business of any Borrower or any of the Subsidiaries or the provision of healthcare services generally. Hedging Agreement - any interest rate protection agreement, foreign currency exchange agreement, forward contract, currency swap agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement. HHS - the Department of Health and Human Services. Hostile Acquisition - any investment in a Person, resulting in control of such Person, involving a tender offer or proxy contest that has not been recommended or approved by the board of directors or similar body of such Person that is the subject of the investment prior to the first public announcement or disclosure relating to such investment. Impermissible Qualification - any qualification or exception to the opinion or certification of any independent public accountant as to any financial statement of Borrowers which (i) is of a "going concern" or similar nature or (ii) relates to the limited scope of examination of matters relevant to such financial statements. Indemnitees - the Administrative Agent Indemnitees, the Lender Indemnitees, Issuing Bank Indemnitees, and the BofA Indemnitees. Indentures - collectively, the Senior Note Indenture and the Senior Subordinated Note Indenture. Initial Lender - BofA, in its capacity as a "Lender" under this Agreement on the Restatement Effective Date. Insolvency Proceeding - any action, case or proceeding commenced by or against a Person under any state, federal or foreign law, or any agreement of such Person for (i) the entry of an order for relief under any chapter of the Bankruptcy Code or other insolvency or debt adjustment law (whether state, federal or foreign), (ii) the appointment of a receiver (o...
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Examples of Insurance Receivable in a sentence

  • Property Insurance Receivable – This category represents the amount that we expect to receive from our insurance companies for reimbursement of costs incurred as a result of water damage at The Boxer.

  • If the freight rates do not increase as expected, operating expenditure do not decrease as expected, or if the Insurance Receivable is not received, this could lead to breach of covenants in 2014.

  • Management believes that the most significant accounting estimates and judgements relate to the assessment of the Company’s ability to continue its operations (going concern), whether the Company's vessels are impaired (impairment tests), gain from Restructuring and the Insurance Receivable.

  • Except as provided in the Insurance Receivable Agreement, Insurance Proceeds received with respect to claims, costs and expenses under the Policies shall be paid to Lakes with respect to the Non-Mississippi Group Liabilities and to Company with respect to the Mississippi Group Liabilities.

  • Transfer of benefit of Individual Insurance Contracts to Issuer Under the Master Purchase Agreement, the Seller assigns to the Issuer the Purchased Receivables and the related Ancillary Rights, which term includes any Individual Insurance Receivable.

  • Asbestos-Related Insurance Receivable Grace previously purchased insurance policies with respect to its asbestos-related lawsuits and claims.

  • The Insurance Receivable has been included in the annual report for 2013 with an amount of USD 1.7 million.

  • The budget is based on various assumptions, including the recovery by the Company of the Insurance Receivable as included in the 2013 annual report in full.

  • Correction of these estimates has been reflected in fiscal 2006 by adjusting PP&E and the Insurance Receivable by equal adjustments.

  • In exchange for OneBeacon’s payment of the OneBeacon Insurance Receivable, Quigley and Pfizer, on the one hand, and OneBeacon, on the other agreed, inter alia, to mutually release each other from (1) insurance coverage under the Products Limits of the Released Insurance Policies, as defined in the 2008 OneBeacon Agreement; and (2) insurance coverage for Asbestos-Related Bodily Injury Claims, as defined in the 1998 OneBeacon Agreement, under the Released Insurance Policies.


More Definitions of Insurance Receivable

Insurance Receivable means the amount of money that Target is entitled to receive from claims it has filed with certain Underwriters at Lloyd's of London Market Insurance Companies under policy number 823/DO 0109900 in connection with the settlement of the Class Actions.
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Related to Insurance Receivable

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Warranty Receivable means a Receivable which the Seller is required to repurchase pursuant to Section 3.02.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Bond Insurance Policy means the municipal bond new issue insurance policy issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Receivable any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account).

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

  • insurance intermediary means any natural or legal person, other than an insurance or reinsurance undertaking or their employees and other than an ancillary insurance intermediary, who, for remuneration, takes up or pursues the activity of insurance distribution;

  • Account Receivable means, with respect to any Person, any and all rights of such Person to payment for goods sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising therefrom or relating thereto.

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

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

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

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.