Required Political Risk Policy definition

Required Political Risk Policy means (i) each Required Tranche B Policy, Required Tranche C Policy, and Required Tranche E Policy and (ii) any Substitute Political Risk Policy; provided that each Required Political Risk Policy shall have been approved in specimen form by the Issuer and the Tranche D Lenders (such approval not to be unreasonably withheld); and provided further that in the event any Required Tranche B Policy, Required Tranche C Policy or Required Tranche E Policy is replaced in full by any Substitute Political Risk Policy, such Required Tranche B Policy, Required Tranche C Policy or Required Tranche E Policy shall no longer be considered a “Financing Document”.
Sample 1
Required Political Risk Policy means (i) each Required Tranche B Policy and (ii) any Substitute Political Risk Policy; provided that each Required Political Risk Policy shall have been approved in specimen form by the Issuer and the Tranche D Lenders (such approval not to be unreasonably withheld); and provided further that in the event any Required Tranche B Policy is replaced in full by any Substitute Political Risk Policy, such Required Tranche B Policy shall no longer be considered a "Financing Document".
Sample 1

Examples of Required Political Risk Policy in a sentence

  • Any insurance proceeds received by any Agent in respect of any such Expropriation Event under the Required Political Risk Policy will be distributed to the Purchasers entitled thereto under the Financing Documents and the Net Cash Proceeds of such Expropriation Event payable to such Purchasers shall be reduced commensurately.

  • The Issuer shall observe and comply with all the terms and provisions of each Required Political Risk Policy to be observed or performed by it.

Related to Required Political Risk Policy

  • Municipal Political Party Committee means a committee organized pursuant to N.J.S.A. 19:5-2.

  • Local political subdivision means a county, municipal corporation, township, conservancy district, soil and water conservation district, joint recreation district, park district, or other similar park authority.

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Regulated air pollutant means the following:

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • Minor political party means a political party qualified to have its name listed on the general election ballot but that does not qualify as a major political party.

  • Shared Policies means all Policies, current or past, which are owned or maintained by or on behalf of D&B or any of its Subsidiaries which relate to one or more of the D&B Business, the Cognizant Business or the ACNielsen Business.

  • CREFC® Significant Insurance Event Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Interest Significant Insurance Event Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • Nuclear Hazard means any nuclear reaction, radiation, or radioactive contamination, all whether controlled or uncontrolled or however caused, or any consequence of any of these.

  • Flood Insurance Study means the official report provided by the Federal Insurance Administration that includes flood profiles, the Flood Insurance Rate Map, the Flood Boundary and Floodway Map, and the water surface elevation of the base flood.

  • Foreign terrorist organization means an organization designated as a foreign terrorist organization by the United States secretary of state as authorized by 8 U.S.C. Section 1189.

  • Major political party means either of the two registered political parties that

  • State Political Party Committee means a committee organized pursuant to N.J.S.A. 19:5-4.

  • Regulated NSR pollutant means the following:

  • Criteria pollutant means a pollut- ant for which the Administrator has promulgated a national ambient air quality standard pursuant to 42 U.S.C. 7409 (i.e., ozone, lead, sulfur dioxide, particulate matter, carbon monoxide, nitrogen dioxide).

  • Insurance Program or “program” shall mean a program which has been designated as a major program of PRISM under which participating members are protected against designated losses, either through joint purchase of primary or excess insurance, pooling of self-insured claims or losses, purchased insurance or any other combination as determined by the Board of Directors. The Board of Directors, the Executive Committee, or a program’s governing committee may determine applicable criteria for determining eligibility in any insurance program, as well as establishing program policies and procedures.

  • Area of special flood hazard means the land in the floodplain within a community subject to a one percent or greater chance of flooding in any given year.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • Political organization means a party, committee, association, fund, or other organization (whether or not incorporated) that is required to file a statement of organization with the State Board of Elections or a county clerk under Section 9-3 of the Election Code (10 ILCS 5/9-3), but only with regard to those activities that require filing with the State Board of Elections or a county clerk.

  • Environmental Policy means to conserve energy, water, wood, paper and other resources, reduce waste and phase out the use of ozone depleting substances and minimise the release of greenhouse gases, volatile organic compounds and other substances damaging to health and the environment, including any written environmental policy of the Customer;

  • COVID-19 hazard means exposure to potentially infectious material that may contain SARS-CoV-2, the virus that causes COVID-19. Potentially infectious materials include airborne droplets, small particle aerosols, and airborne droplet nuclei, which most commonly result from a person or persons exhaling, talking or vocalizing, coughing, sneezing, or procedures performed on persons which may aerosolize saliva or respiratory tract fluids, among other things. This also includes objects or surfaces that may be contaminated with SARS-CoV-2.

  • Flood Insurance Study (FIS means an examination, evaluation, and determination of flood hazards, corresponding water surface elevations (if appropriate), flood hazard risk zones, and other flood data in a community issued by the FEMA. The Flood Insurance Study report includes Flood Insurance Rate Maps (FIRMs) and Flood Boundary and Floodway Maps (FBFMs), if published.

  • Fire hazard means any situation, process, material or condition which may cause a fire or explosion or provide a ready fuel supply to increase the spread or intensity of the fire or explosion and which poses a threat to life or property;

  • Insurance Regulator means any Person charged with the administration, oversight or enforcement of any Insurance Regulation.