insurance obligations definition

insurance obligations. ’ means all obligations (other than the obligations of the policyholder), whether those obligations constitute an obligation to pay one or more sums of money, render services or meet any other obligations, under or arising from insurance policies, and, in respect of life insurance policies, include any guarantees and discretionary participation features;

insurance obligations. ’ means all obligations (other than the obligations of the policyholder), whether those obligations constitute an obligation to pay one or more sums of money, render services or meet any other obligations, under or 15

insurance obligations means all obligations and liabilities relating to, arising under or out of, or in connection with payment, reimbursement, indemnification, collateral and other obligations related to claims, losses, retained amounts or allocated loss adjustment expenses, including deductible and loss reimbursement obligations and premiums payable due to carrier audits, with respect to the Business under policies of insurance held by Sellers and their Affiliates covering the Business and all agreements related to such policies.

Examples of insurance obligations in a sentence

• SC39 General Insurance Obligations (1) If the Employer fails to comply with the terms of the policies of insurance effected by him pursuant to Clauses SC37(1) and SC38(3) of these Special Conditions or if the Main Contractor fails to comply with the terms of any of the insurance policies effected in connection with the Works, the party that is in default shall indemnify the other party against all loss, expense and liability arising from the failure.

• Schedule 4.13 (Insurance) sets forth a description of all insurance required to be maintained by or on behalf of the Group Companies as of the Closing Date pursuant to Section 6.4 (Insurance; Obligations and Taxes).

• The obligations contained in Clauses 11 (Prices), 13 (Warranties), 14 (After Sales Support Services), 15 (Liabilities and Indemnities), 16 (Insurance Obligations), 18 (Confidential Information), 20 (Miscellaneous) and 21 (Governing Law) shall survive the expiration or termination of this Agreement and remain in full force and effect.

• The Stockholder and/or its Affilates maintain insurance for the Company, the Holding Subsidiaries and the Partnership as listed on Schedule 4.4 (the "Insurance Obligations").

• TERMS OF THE STRUCTURAL ELEMENTS Post-Retirement Health Care and Life Insurance Obligations (OPEB) Visteon is no longer obligated to fund about $1.7 billion of an estimated $3 billion in post-retirement health care and life insurance obligations resulting in a deferred accounting benefit of $1.7 billion.

More Definitions of insurance obligations

insurance obligations means all obligations, whether those obligations constitute an obligation to pay one of more sums of money, render services or fulfill other obligations, including guaranteed and reasonably expected obligations, of an insurer under and arising from policies entered into by the insurer irrespective of the nature of the risk covered under those policies;

insurance obligations has the meaning ascribed to it in Section 4.4 hereof.

insurance obligations means (A) any and all amounts paid by the Bond Insurer under the Bond Insurance Policy and/or DSRF Policy, with interest thereon at the Late Payment Rate as provided in the Second Supplemental Indenture, (B) any and all charges, fees, costs and expenses that the Bond Insurer may reasonably pay or incur in connection with (i) the administration, enforcement, defense or preservation of any rights or security under this Guaranty, the Bonds or the Indenture, (ii) the pursuit of any remedies under this Guaranty, the Bonds, the Indenture or any other related document or otherwise afforded by law or equity, (iii) any amendment, waiver or other action with respect to, or related to, the Bonds, the Indenture, this Guaranty or any other related document whether or not executed or completed, or (iv) any litigation or other dispute in connection with the Bonds, the Indenture, this Guaranty or any other related document or the transactions contemplated thereby, other than costs resulting from the failure of the Bond Insurer to honor its obligations under the Bond Insurance Policy or the DSRF Policy, and (C) any and all other amounts due and payable to the Bond Insurer under the Indenture or the Debt Service Reserve Agreement.

insurance obligations means, at any time, the sum of the aggregate unpaid balance of, and accrued but unpaid interest on, (a) all reimbursement or repayment obligations (and all interest accrued thereon) then owing to the Insurer the Master Insurance Agreement in respect of (i) any payments made by the Insurer under any Trust Insurance Policy in accordance with the terms thereof, or (ii) any payment or advance made by the Insurer in lieu of a payment under any Trust Insurance Policy in accordance with the applicable terms of the Insurance Agreement, (b) the aggregate maximum amount then available for drawing under all outstanding Insurance Policies, (c) all premiums accrued under the Insurance Agreement and any related premium or fee letters to which the Insurer and the Issuer are parties, and (d) all other accrued fees, costs, expenses and indemnities owing by the Issuer to the Insurer pursuant to the terms of the Master Insurance Agreement and any other document, instrument or agreement relating thereto, in each case regardless of whether such obligations and liabilities are absolute or contingent, due or not due, liquidated or unliquidated and whether or not for the payment of money or the performance or nonperformance of any act.

insurance obligations means any obligations of Twin Lakes to carry, maintain, or pay for any insurance, and related obligations, under Sections 12.2(a) and 12.2(b) of the Lease, in the manner and according to the standards described in those Sections of the Lease.

insurance obligations means: (a) obligations under insurance, reinsurance or retrocession contracts or other arrangements by which a person guarantees financial or credit risks in each case entered into in the ordinary course of business and (b) obligations with respect to letters of credit or similar instruments or credit facilities for the purpose of securing or providing funds to pay insurance, reinsurance or retrocessional obligations entered into in the ordinary course of business, to the extent that such letters of credit or similar instruments or credit facilities are not drawn upon, or if and to the extent drawn upon, such drawing is reimbursed not later than the 30th Business Day following a demand for reimbursement (it being understood that such obligations shall no longer be deemed Insurance Obligations upon such 30th Business Day). (For the avoidance of doubt, a stand-by credit facility within the meaning of Commitment Termination Event (as defined in the Investment Units Subscription Agreement) that meets the requirements of clause (b) of this definition shall be included within this definition).

insurance obligations means the obligations of the Borrower --------------------- under any indemnity and reimbursement agreement with an Insurance Company entered into in the ordinary course of business.".