Assured definition

Assured means the Energy Company and its non-consolidated subsidiaries and affiliates included for reinsurance under paragraphs 2 and 3 above, both independently and as participants in joint ventures with others.

Assured means:-

Assured means the Policyholder and any non-Consolidated or partially Consolidated Subsidiaries and Affiliates to the extent that they are covered under paragraphs 2 and 3 above, both independently and as participants in joint ventures with others.

Examples of Assured in a sentence

• Whenever requested by the Company, the Assured shall give the Company all reasonable aid in prosecuting such action or proceeding, and the Company shall reimburse the Assured for any expense so incurred.

• If the payment does not cover the loss of the Assured, the Company shall be subrogated to such rights and remedies in the proportion which said payment bears to the amount of said loss.

• Any action or actions or rights of action that the Assured may have or may bring against the Company arising out of the subject matter hereof must be based on the provisions of this Guarantee.No provision or condition of this Guarantee can be waived or changed except by a writing endorsed or attached hereto signed by the President, a Vice President, the Secretary, an Assistant Secretary or other validating officer of the Company.

• In the event after notice of claim has been given to the Company by the Assured the Company offers to purchase said indebtedness, the owner of such indebtedness shall transfer and assign said indebtedness and the mortgage securing the same to the Company upon payment of the purchase price.

• No claim for damages shall arise or be maintainable under this Guarantee (1) if the Company after having received notice of an alleged defect, lien or encumbrance not shown as an Exception or excluded herein removes such defect, lien or encumbrance within a reasonable time after receipt of such notice, or (2) for liability voluntarily assumed by the Assured in settling any claim or suit without written consent of the Company.

More Definitions of Assured

Assured means, together, Assured Guaranty Municipal Corp., formerly known as Financial Security Assurance, Inc., and Assured Guaranty Corp.

Assured means the Policyholder and any non-Consolidated or partially Consolidated Subsidiaries and Affiliates to the extent that they are covered under paragraphs 2 and 3 above, both independently and as participants in joint ventures with others.INSURING AGREEMENTS In consideration of the premium stated herein, the Underwriter does hereby agree with the Assured:

Assured means, collectively, Assured Guaranty Corp. and Assured Guaranty Municipal Corp.

Assured means the Assured named and stated in the Schedule of this Policy and any Banking Subsidiary Companies in which the Assured have a controlling interest and which are listed in the Proposal Form.

Assured means any insured party who is liable for the payment of calls, contributions, premium or other sums due under the terms of entry. “Seafarer” shall have the same meaning as in MLC 2006.

Assured means a person whose application for insurance within this Class of any interest in a Ship has been accepted by the Association and includes, for the avoidance of doubt, a Principal Assured, a Co-assured, an Other Assured and persons with Fixed Premium Entries;

Assured means the person, persons, partnership, firm, company, body corporate, trust or association stated in the Schedule including all partners, Officers, Employees, trustees or committee members of such Assured but in that capacity only.