Underlying Excess Policies definition

Underlying Excess Policies means the policy or policies identified in Item 6(b) of the Declarations.
Sample 1Sample 2Sample 3
Underlying Excess Policies means all policies scheduled in Item 4b of the Declarations.
Sample 1

Examples of Underlying Excess Policies in a sentence

  • In the event of any claim being brought against You in respect of Your liability which is estimated by the Insurer providing the Primary Policy to exceed an amount equal to fifty percent (50%) of the combined aggregate of the Limits of Indemnity provided under the Primary Policy and any Underlying Excess Policies, You shall immediately advise Us of the particulars of such claim.

  • Coal mining is not to be defined as an eligible emissions-intensive trade-exposed activity.

  • If the Primary and Underlying Excess Policies are not so maintained in full effect at all times during the currency of this policy, coverage under this policy shall immediately cease.

  • We shall only be liable for amounts in excess of the combined aggregate of the Limits of Indemnity shown in Your Policy Schedule provided by the Primary Policy and any applicable Underlying Excess Policies.

  • The Insured shall maintain the Primary and Underlying Excess Policies in full effect during the currency of this policy except for any reduction of any aggregate limits contained therein solely by payment of claims in respect of Occurrences during the Policy Period stated in Item 2 of the Schedule.

  • Sanction limitation and exclusion clause 1.6.11This exclusion shall be paramount and shall override anything contained in this Policy, or in any Underlying Excess Policies or Primary Policy that is otherwise inconsistent.

  • Rather, the price drop would leave average Japanese resale prices in 2015206 at a level almost [[***]]207 higher than domestic like products and other countries' imports in a price-sensitive market.

  • In this section, we describe in detail all the features we extracted and used during this study’s experiments.

  • It is expressly agreed that this Policy, except as herein stated, is subject to all terms, conditions, agreements, restrictions, limitations, exclusions and endorsements of the Primary Policy together with all terms, conditions, agreements, restrictions, limitations, exclusions and endorsements of the Underlying Excess Policies in all respects as in effect on the date hereof.

  • It is a condition of this Insurance that the Primary and/or Underlying Excess Policies shall be maintained in full force and effect during the currency hereof except for any reduction of the aggregate limits (if any) contained in the said Primary and/or Underlying Excess Policies solely by payment of claims in respect of claims made during the currency hereof.

Related to Underlying Excess Policies

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • LPMI Policy A policy of primary mortgage guaranty insurance issued by a LPMI Insurer pursuant to which the related premium is to be paid from payments of interest made by the Mortgagor.

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

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

  • Underlying Company means the issuer of the relevant Security as specified above, in each case subject to adjustment in accordance with Condition 13 (Adjustments).

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Reimbursement insurance policy means a policy of insurance

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $4,614,259, in each case reduced by Special Hazard Losses allocated to the Certificates since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $4,614,259 as reduced by the Special Hazard Losses allocated to the Certificates since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance Policy).

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Policy means Related Party Transaction Policy.

  • Mortgage Policy has the meaning specified in Section 4.01(a)(iv)(B).

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • PMI Policy A policy of primary mortgage guaranty insurance issued by a Qualified Insurer, as required by this Agreement with respect to certain Mortgage Loans.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Contingent Load means Load payable by the Unit Holder at actual basis to the extent of loss incurred by fund due to disinvestments if Units are redeemed by any major Unit Holder in such period of time that the Management Company believes may adversely affect the interest of other Unit Holder(s). Any Contingent Load received will form part of the Trust Property.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

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

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

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

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.