Application of Insurance. The Company will apply to the Insurer for a ------------------------- Policy with a face amount at least equal to the amount of insurance to which the Executive is entitled under the Plan. The Company may apply for additional insurance to insure payment to the Company of the Recoverable Amount. The Company and the Executive agree to take any action necessary to cause the Insurer to issue the Policy. The Policy shall be subject to the terms of this Agreement.
Application of Insurance. PROCEEDS The Insurances will be endorsed to provide for payment of proceeds as follows: (a)
Application of Insurance. PROCEEDS ----------------------------------------------
Application of Insurance. Proceeds If No Termination 27
Application of Insurance. All insurance or indemnity payments received as the result of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows:
Application of Insurance. Proceeds 8.5 The Lender may elect to require the Borrower to apply any proceeds of the Insurances received by it in making good the loss, repairing the damage, or satisfying the liability in respect of which the claim was made or in satisfaction of any amount secured by this mortgage and pending such election such proceeds shall be held in trust for the Lender.
Application of Insurance. PROCEEDS
Application of Insurance. Proceeds --------------------------------- As between Lessor and Lessee:
Application of Insurance. Railway’s insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer’s liability.
Application of Insurance a. This coverage applies only to a Hole-In-One made in the course of regular rounds of play in the Covered Tournament. No practice shots will be permitted.
