Insurance Trustee definition

Insurance Trustee means an entity authorized to carry on the business of a trust company under the laws of Alberta selected from time to time on resolution of the Board, whose duties include the receiving, holding and disbursing of proceeds of policies of insurance pursuant to these Bylaws and the Act. If no Insurance Trustee is appointed, then the Insurance Trustee shall be the Board;
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Insurance Trustee means The Bank of New York, New York, New York, or any successor thereto, as the Insurance Trustee under the Policy.
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Insurance Trustee means that certain entity responsible for the management and disbursement of insurance proceeds pursuant to the Insurance Trust Agreement, if any.
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Examples of Insurance Trustee in a sentence

  • The Policy is on file and available for inspection at the principal office of the Insurance Trustee and a copy thereof may be secured from Ambac Assurance or the Insurance Trustee.

  • The reasonable expenses and charges of the architect or engineer retained by the Insurance Trustee shall be paid by the Insurance Trustee out of the trust fund.

  • The Insurance Trustee shall deposit the insurance proceeds in an interest bearing account and any after tax interest earned thereon shall be added to the insurance proceeds.

  • Lessor shall promptly endorse any checks payable to the order of Lessor in connection with such insurance proceeds and shall deliver the same to Lessee or to the Insurance Trustee, as the case may be.

  • Notwithstanding anything to the contrary set forth in this subsection, the Insurance Trustee shall make no further payment of insurance proceeds to Lessee following receipt of a notice from Lessor that an Event of Default exists under this Agreement until and unless instructed by Lessor that such Event of Default has been cured.


More Definitions of Insurance Trustee

Insurance Trustee has the meaning given to it in Section 12.9;
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Insurance Trustee means a person, firm or corporation selected from time to time on resolution of the Board, whose duties include the receiving, holding and disbursing of proceeds of policies of insurance pursuant to these Bylaws and the Act. If no Insurance Trustee is appointed, then the Insurance Trustee is the Board;
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Insurance Trustee has the meaning set forth in the preamble to this Agreement.
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Insurance Trustee means the Trustee or, if the Trustee so elects, any bank, trust company or insurance company with a net worth in excess of $100,000,000, designated by the Trustee.
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Insurance Trustee has the meaning specified in the Insurance Policy. The Insurance Policy specifies that the United States Trust Company of New York is initially the Insurance Trustee.
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Insurance Trustee means the trustee to be appointed under the Insurance Trust Agreement.
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Insurance Trustee means any Company Mortgagee designated to serve as Insurance Trustee under the Lease by notice from Tenant to Landlord or, if no Company Mortgagee then exists or if the Company Mortgagee so designated does not satisfy the following requirements for being an Insurance Trustee, then an Institutional Lender having offices in the State of Texas, designated by Tenant and Approved by Landlord, but only if, and for so long as, any such Company Mortgagee or Institutional Lender satisfies all of the following requirements:
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