KEYMAN INSURANCE definition

KEYMAN INSURANCE means the keyman life assurance policies to be maintained by the Parent in respect of the death, critical illness or disability of the persons specified in Schedule 15;
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KEYMAN INSURANCE means the life and critical illness insurance policies for the Company’s benefit on the lives of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇;
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KEYMAN INSURANCE means keyman life assurance policies (in form and content reasonably satisfactory to the Facility Agent and with such insurer as the Facility Agent may reasonably approve) maintained by the Parent Guarantor in respect of the death or disability of the following members of the Management and in not less than the following respective amounts: NAME US$ ▇▇▇ ▇▇▇▇▇▇▇▇▇ 500,000 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ 250,000 ▇▇▇▇▇ ▇▇▇▇▇▇ 250,000 ▇▇▇▇▇ ▇▇▇▇▇ 250,000 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 250,000
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Examples of KEYMAN INSURANCE in a sentence

  • KEYMAN INSURANCE It is hereby agreed that subsequent to the execution of this Agreement the parties will acquire Keyman Insurance on ▇▇▇▇▇▇ in a sum not less than $2,000,000 payable to the Corporation.

  • KEY-MAN INSURANCE As soon as reasonably possible after the Closing, the Company shall procure a key-man life insurance policy for its CEO in the amount of $*****, naming the Company as beneficiary.


More Definitions of KEYMAN INSURANCE

KEYMAN INSURANCE means a keyman life assurance policy (in form and content satisfactory to the Bank and with such insurer as the Bank has approved) maintained or to be maintained by the Borrower in respect of the death and disability of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ or his successor, in the amount of L300,000 and for a period of 4 years:
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Related to KEYMAN INSURANCE

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.