Joint Loss definition

Joint Loss or "Joint Losses" means (individually and collectively, as appropriate) any Guaranty Losses that are not a BR Party Caused Guaranty Loss or a TriBridge Party Caused Guaranty Loss. TriBridge shall be responsible for 7.5% of any Joint Loss, and the Bluerock Guarantor shall be responsible for 92.5% of any Joint Loss.
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Joint Loss means any diminution in value, injury, damage, loss or similar insurable event that is (i) both a CBS Loss and a New Viacom Loss and (ii) not exclusively a CBS Loss or a New Viacom Loss.
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Joint Loss means that there is damage to property that is Covered Property under both the commercial property policy and this policy and both the commercial property insurer(s) and we admit to some liability for payment under the respective policies.
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Examples of Joint Loss in a sentence

  • Health and safety concerns shall be referred to the Joint Loss Management Committee to be addressed and shall not be subject to the grievance procedure.

  • If the Building and Boiler and Machinery/Equipment Breakdown coverages are provided by separate policies, a Joint Loss Agreement Endorsement should be obtained on each policy.

  • Verification that GE has been included as a Joint Loss payee under the policy must be provided upon request by Company.

  • If such coverage is provided pursuant to a separate Boiler and Machinery policy or endorsement, Tenant will obtain a Joint Loss Agreement.

  • In compliance with RSA 281‐A: 64, the Town has established a Joint Loss Management Committee (JLMC) which is comprised of equal members representing management and labor.

  • Coverage shall include Joint Loss Payable Endorsement ISO form CR 20 15 or equivalent; and Provide Required Notice of Cancellation to Another Entity Endorsement ISO form CR 20 17.

  • If the insurance carrier for the Boiler & Machinery coverage is different from that of the Property Coverage, a Joint Loss Agreement endorsement must be reflected on the evidences of insurance for both Property coverage and Boiler & Machinery coverage.

  • If a separate policy of insurance is maintained for the boiler and pressure vessels, the policies will include a Joint Loss Agreement between insurers.

  • The assessment shall be completed by the New Hampshire Hospital Safety Officer in conjunction with the Joint Loss Management Committee.

  • UNION representatives to the EMPLOYER'S Joint Loss Management Committee shall be selected by the UNION.