Insurance Event definition

Insurance Event means any casualty or other insured damage to all or any part of any assets of the Borrower or any Restricted Subsidiary.

Insurance Event means any damage or destruction of the Building by any of the Insured Risks which at the date of such damage or destruction is covered by any policy of insurance maintained by the Landlord under this Lease.

Insurance Event means any event that results in the Borrower or its Subsidiaries receiving Net Cash Proceeds of the type described in clause (b) of the definition of Net Cash Proceeds.

Examples of Insurance Event in a sentence

• When an Insurance Event occurs or when there is an immediate threat of the occurrence of an Insurance Event, the Insured shall to the best of his ability have the property damage or loss prevented or restricted.

• Any compensation due to the Insured may be reduced or refused, if use of alcohol or narcotics by the Insured has affected the occurrence of an Insurance Event.

• Any consideration on whether compensation is to be reduced or refused shall also pay attention to what is the significance of the insured’s act to cause the Insurance Event.

• Permanent medical disability Permanent medical disability in this insurance means that a medical condition or accident has brought about a permanent impairment of the physical ability of the Insured as a result of the Insurance Event.

• You must ensure that your insurance provider agrees that any reparative or replacement services in respect of the Equipment, which we in our reasonable determination deem necessary as a result of an Insurance Event, shall be conducted by and reimbursed to us.

More Definitions of Insurance Event

Insurance Event means as event upon the happening of which the liability under an insurance contract arises;

Insurance Event means an occurrence that arises during the term of the insurance and which is covered by the insurance. You should contact Bliwa’s Healthcare Centre if you need advice and/or care as a consequence of an

Insurance Event. , means the future event that evolves independently of the will of the Insured. Such event is the sudden death of the Insured within the insurance period or the survival of the later until the eventual temination of the insurance duration.

Insurance Event means an event the occurrence of which the Contractor has insured against in accordance with Clause 6;

Insurance Event any damage or destruction of the Premises, or any accessway or access ways (or any part of them) to them or any essential services to them by any of the Insured Risks which at the date of such damage or destruction is covered by any policy of insurance maintained by the Tenant under this Lease or would be so covered but for any breach by the Tenant of the obligations under clause 5.1.

Insurance Event shall have the meaning specified in Section 2.02(d).

Insurance Event shall have the meaning specified in Section 2.03.