Unmodified Gross Assets means the gross value for the Energy Company determined pursuant to Section IV of the Rating & Premium Plan.
Unmodified Gross Assets means the gross value for the Energy Company determined pursuant to Section IV of the Rating & Premium Plan. EXHIBIT C Policy Declaration Policy No: Everen Limited Post Office Box HM 1751 Hamilton, Bermuda HMGX Policy Period: January 1, 20 (00:00:00 EST (Midnight)) to December 31, 20 (23:59:59 EST) (Eastern Standard Time) Named Insured and Address Energy Company and Address* Assured(s) Hereunder Pursuant to Split Policy, if any. Joint Policyholder pursuant to Endorsement 3 See attached for specific coverage details. * To be completed only if Named Insured is not an Energy Company. TOTAL POLICY LIMITS THROUGH DECEMBER 31, 20 . Limits Each Occurrence Deductible Elections: Flat Premium Option Retrospective Premium Election Quota Share Retention % Retrospective Percentage % Endorsements: 1 R&PP 4 OPOL 2 Coverage Options 5 Excess Insurance 3 Joint Policyholder Other
Unmodified Gross Assets means the gross value for the Energy Company determined pursuant to Section IV of the Rating & Premium Plan. INDEX TO INSURANCE POLICY Page ASSURED 53 INSURING AGREEMENTS 54 EXCLUSIONS 55 CONDITIONS 61 A. Valuation and Basis of Recovery 61 B. Permissions 63 C. Representation 63 D. Assistance and Cooperation 63 E. Notice of Loss 64 F. Underwriter's Liability 64 G. Other Insurance 66 H. Subrogation 66 I. Submission of Claim 67 J. Bankruptcy and Insolvency 68 K. Currency 68 L. Automatic Renewal, Cancellation and Non-Renewal 68 M. Limits, Sublimits and Deductibles 69 N. Premium 69 O. Territory 69 P. Amendment of Policy In Accordance With Shareholders' Agreement 69 Q. Abandonment 69 R. Arbitration 70 S. Choice of Law 71 T. Dates & Times 71 POLICY DEFINITIONS 71 APPLICABILITY OF EXCLUSIONS CHART 81 POLICY NUMBER EXHIBIT C-1 Everen Limited Insurance Policy
Examples of Unmodified Gross Assets in a sentence
The interest of the Policyholder in any Subsidiary or Affiliate that is either non- Consolidated or partially Consolidated (not otherwise insured or reinsured as an entire entity under any policies issued to any person or entity by the Underwriter) in which the interest of the Policyholder in the Unmodified Gross Assets of such Subsidiary or Affiliate is one percent (1%) or less of the Unmodified Gross Assets of the Policyholder.
Deeming Unmodified Gross Assets to one billion dollars ($1,000,000,000) is not permitted.
More Definitions of Unmodified Gross Assets
Unmodified Gross Assets means the gross value of the Assured's property, plant and equipment (without deduction for depreciation, depletion and amortization) plus all inventories, materials and supplies and also plus any inventories and/or other property deemed in the discretion of Chrysalis to be owned property under the policy, but excluding Watercraft (Vessels) other than those excepted from exclusion 1a of the policies, and furthermore excluding Construction Property, as reported in the Assured's most recent annual financial report, as adjusted so as to be consistent in all material respects (except as otherwise agreed by Chrysalis) with generally accepted accounting principles in the United States of America or International Financial Reporting Standards, broken down by each Sector insured by the Policy, and certified by the Assured's chartered accountants or certified public accountants or otherwise verified to Chrysalis's satisfaction; provided, however, that, subject to such conditions as Chrysalis may require, Chrysalis may, upon request of the Named Insured, adjust the Assured’s Unmodified Gross Assets to reflect more accurately, in the judgment of