Principal Insured definition

Principal Insured means the individual named on the application who has purchased a Trip and who has paid the required cost for the Policy. You and Yours refer to the Principal Insured.

Principal Insured means the Insured or if the Insured is more than one person or entity, the first person or entity listed as the Insured in the Schedule.

Principal Insured means the Insured or if more than one insured, the first entity listed as the ‘Insured’ in the Schedule.

Examples of Principal Insured in a sentence

• Each party will, forthwith upon Having Knowledge, notify the other if a Principal Insured Risk becomes or is expected to become Uninsurable.

• The Province may notify the Concessionaire, and the Concessionaire shall forthwith notify the Province, if a Principal Insured Risk becomes or is expected to become Uninsurable.

• The Insurer will not be liable for Loss on account of a Claim for any fact, circumstance, situation, or event that is, or reasonably would be regarded as, the basis for a Claim which any Principal Insured had knowledge of prior to the applicable Continuity Date set forth in ITEM 6.A. of the Declarations for this Coverage Section.

• The Insurers shall also be permitted at all reasonable times to examine the Principal Insured's books and records, and the Principal Insured shall furnish promptly all information reasonably requested by Insurers, insofar as such books, records or information may concern the Operability Measure, Daily Shortfalls or any other matter relating to coverage of a claim.

• Any part of Component Cost that is due to the price or cost allocation per unit of the employment, hire or purchase exceeding the sum of Par Unit Cost and any additional amount demonstrated by the Principal Insured to arise, other than for its breach by the Insured, from enforcement, frustration or termination of a Disclosed Contract set out in Section 6 of the Project Proposal or exercise of force majeure thereunder.

More Definitions of Principal Insured

Principal Insured means a member of the board of managers, director, executive officer, natural person partner, owner of a sole proprietorship, principal, project manager, risk manager, in-house general counsel or a like position of the Named Insured.

Principal Insured means an Insured member of the board of managers, director, executive officer, natural person partner, owner of a sole proprietorship, principal, risk manager or in-house general counsel of the Named Insured.

Principal Insured means any member of the board of managers for LLC, director, executive officer, natural person partner, owner of a sole proprietorship, principal, risk manager or in-house general counsel of the Named Insured.

Principal Insured means the Person in whose name this Policy is written;

Principal Insured means the natural person in whose name the agreement is entered and whose name is reflected on the Schedule.

Principal Insured means the following person who is not eligible for coverage under a provincial or territorial government health insurance plan in Canada:

Principal Insured means You, the adult, South African citizen or permanent resident, who is over the age of 18 (eighteen) years but has not yet, and will not reach the age of 65 (sixty-five) years in the particular calendar year, who has applied for this insurance Policy and which has been accepted by the Insurer and who has an active and up-to-date RCS credit facility;