Market Insurance Coverage definition

Market Insurance Coverage means insurance with coverage amounts, terms, conditions and policy limits consistent with the coverage amounts, terms, conditions and policy limits provided to the directors and officers of similarly situated real estate investment trusts having comparable assets under management as the Company's then current assets under management. Market Insurance Coverage shall provide coverage, subject to the terms, conditions and exclusions in the policy, for claims made against Indemnitee by reason of Indemnitee's Corporate Status, or arising out of Indemnitee's status as such, whether or not the Company would have the power to indemnify Indemnitee against such liability. The parties acknowledge and agree that the insurance policies maintained by the Company for the benefit of its directors and officers as of the date of the execution of this Agreement constitute Market Insurance Coverage.
Sample 1

Examples of Market Insurance Coverage in a sentence

  • The Company shall continue to provide such insurance coverage to Indemnitee and such insurance policies shall have coverage amounts, terms, conditions and policy limits consistent with Market Insurance Coverage, as defined in Section 15 of this Agreement, for directors and officers of real estate investment trusts, and in all events, at least as favorable to Indemnitee as the insurance coverage provided by the Company to any other officer or director of the Company.

  • In the event of any public listing of the Company's stock, the Company shall purchase and provide Indemnitee insurance with coverage and policy terms consistent with Market Insurance Coverage for directors and officers of publically listed real estate investment trusts.

Related to Market Insurance Coverage

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Coverage means the types of persons to be eligible as the beneficiaries of the Scheme to health services provided under the Scheme, subject to the terms, conditions and limitations.

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

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

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

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • insurance period means a contribution period or an equivalent period;

  • Health care coverage means any plan providing hospital, medical or surgical care coverage for

  • Property Insurance is defined in Section 6.10(a).

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

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Insurance Commissioner means the Insurance Commissioner

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.