Policy Obligations definition

Policy Obligations means benefits under and by virtue of the terms of the Policies that arise and become payable on account of a death or other event covered by the terms of the Policies occurring on or after the Effective Date, and as further defined in Section 2.2.
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Policy Obligations has the meaning specified in the Intercreditor Agreement.
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Policy Obligations means the policy obligations of any Group Insurance Entity. means claims of policyholders in a winding-up of a Group Insurance Entity to the extent that those claims relate to any amounts to which the Group Insurance Entity is, or may become, liable to a Policy Holder pursuant to a contract of insurance, including all amounts to which Policy Holders are entitled under applicable legislation or rules relating to the winding-up or administration of insurance companies to reflect any right to receive, or expectation of receiving, benefits which such Policy Holders may have.
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Examples of Policy Obligations in a sentence

  • In reference to Section V of the Contract and language surrounding Federal Grand Funding and the District’s Board Policy Obligations, it is understood that the services provided in Appendix A are not funded by Federal Grants.

  • The Reinsurer's liability in respect to the Policy Obligations will terminate simultaneously with the Company's liability, except as otherwise provided herein.

  • Policy Obligations: Consultant’s indemnity and other obligations shall not be limited by the foregoing insurance requirements.

  • Reinsurer shall be liable for any and all claims and other Policy benefits falling within the scope of the Policy Obligations that become due and payable on and following the Effective Date, and for any and all claims based on Reinsurer's role as administrator pursuant to the Administrative Service Agreement.

  • Subject to the terms and conditions of this Agreement, the Company hereby cedes to Reinsurer and Reinsurer hereby reinsures Ninety Three and Sixty Hundredths percent (93.60%) (the "Reinsurer's Portion") of the Policy Obligations.

  • Any costs and/or expenses incurred by the Company and/or its insured(s) in investigating or defending any claim or suit seeking damages for, or determining Policy Obligations relating to, such loss, damage, cost, claim or expense.

  • By this Agreement the type of reinsurance in place means that the Policies remain in the name of the Company and the Policy Obligations are transferred to the Reinsurer (typically referred to as "coinsurance").

  • Beginning on the Effective Date, Reinsurer shall be liable for the payment of the Reinsured Policy Obligations.

  • The Reinsurer's liability in respect to the Policy Obligations will begin simultaneously with the Company's liability, but not prior to the day after the Effective Date of this Agreement.

  • Client's responsibility shall be: Client, pursuant to the Coinsurance Agreement, has not retained any of the Policy Obligations as set forth in the Coinsurance Agreement.


More Definitions of Policy Obligations

Policy Obligations. Consultant’s indemnity and other obligations shall not be limited by the foregoing insurance and license requirements.
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Policy Obligations means the obligations of the Licensed Supplier:
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Related to Policy Obligations

  • Safety Obligations means all applicable obligations concerning health and safety (including any duty of care arising at common law, and any obligation arising under statute, statutory instrument or mandatory code of practice) in Great Britain;

  • Privacy Obligations means all Privacy Laws, contractual obligations relating to the privacy, security, and/or Processing of Personal Data, and privacy and data security policies, procedures, notices, and rules applicable to or binding on Company or Buyer, as applicable.

  • Liquidity Obligations means all principal, interest, fees and other amounts owing to the Liquidity Providers under the Liquidity Facilities, Section 8.1 of the Participation Agreements or the Fee Letters.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Guaranty Obligations means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (i) to purchase any such Indebtedness or any Property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.