Property Covered definition
Examples of Property Covered in a sentence
Neither the execution and delivery of this Agreement by the Company nor consummation by the Company of the Transactions will result in any limitation on the Company’s and/or a Company Subsidiary’s right, title or interest (to the extent applicable) in any Company Owned Intellectual Property, Covered Product IP or Company License Agreements.
The term Property Covered by Environmental Services” or “PCES” means “personal property” listed in Table E-6 to the TSRS (excluding four large presses listed under the ACES definition).
Subject to coverage being provided for the applicable described class of personal property under Property Covered, "we" only cover personal property of "your" guest or "domestic employee" after a loss and at "your" request.
The property to be the subject of the Environmental Services is identified herein as the Property Covered by Environmental Services (PCES) and Areas Covered by Environmental Services (ACES) (as defined in Section C.3.1).
Provisions That Apply To Additional Property Covered -- The following Additional Property Covered indicates an applicable "limit".
At or prior to the time of the initial Borrowing by the Borrower, it will provide to the Collateral Agent (x) certificates or endorsements naming the Collateral Agent as an additional insured or loss payee with respect to the casualty and liability insurance maintained as required hereby with respect to the Property Covered by this Instrument, and (y) if requested to do so, copies of all insurance policies maintained by it as required hereby.
The Borrower agrees that the Collateral Agent shall thereupon have a claim against the Borrower for all sums paid by the Collateral Agent for such defaults so cured, together with a lien upon the Property Covered by this Instrument for the sum so paid plus interest at the Default Rate.
Unless otherwise indicated the coverages provided below are part of and not in addition to the applicable "limit" for coverage described under Property Covered.
In addition, the Collateral Agent is authorized and empowered at its option, but without legal obligation to do so, to enter, or have its agents enter, the Property Covered by this Instrument whenever necessary for the purpose of inspecting the Property Covered by this Instrument and curing any default hereunder.
Upon any release of all or any part of the Property Covered by this Instrument pursuant to paragraph (a) or (b), none of the Collateral Agent or any of the Lenders shall have any continuing right or interest in the same, or the proceeds thereof.