Terrorism Insurance definition

Terrorism Insurance shall have the meaning set forth in Section 6.1(b) hereof.
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Terrorism Insurance has the meaning assigned to such term in Section 3.1(2).
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Terrorism Insurance has the meaning specified in Section 9.01(a)(x).
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Examples of Terrorism Insurance in a sentence

  • Lender will only require such Terrorism Insurance that is (y) normal and customary for similar properties, and (z) available at commercially reasonable rates (as defined in the following sentence).

  • ARPC is a statutory corporation established under the Terrorism Insurance Act 2003 to offer reinsurance for terrorism risk in Australia.

  • Within thirty (30) days after request by Lender, Borrower shall obtain such increases in the amounts of coverage required hereunder as may be reasonably requested in writing by Lender or as may be requested in writing by the Rating Agencies, (except with respect to the Terrorism Insurance), taking into consideration changes in liability laws, changes in prudent customs and practices, and the like.

  • Terrorism Insurance (Y/N) Insurance Summary Yes or No, as stated on the Insurance Certificates.

  • Terrorism Insurance (Y/N) Insurance Summary “Yes” or “No”, as applicable, as stated on the Insurance Summary.

  • The coverage does not apply to non-TRIA (Terrorism Insurance Act of 2002) events (which are terrorism events that are not committed by a foreigner or a foreign country).

  • Lender agrees that Terrorism Insurance coverage may be provided under a blanket policy that is acceptable to Lender.

  • Notwithstanding the foregoing, Borrower shall at all times maintain Terrorism Insurance in an amount not less than that which can be purchased for a sum equal to $500,000, provided that Borrower shall not be obligated to purchase more than the Required Terrorism Amount.

  • Terrorism Insurance (Y/N) Insurance Summary "Yes" or "No", as applicable, as stated on the Insurance Summary.

  • Administrative Agent agrees that Terrorism Insurance coverage may be provided under a blanket policy that is acceptable to Administrative Agent and that such coverage may cover foreign acts of terrorism and domestic acts of terrorism for the Required Terrorism Amount.


More Definitions of Terrorism Insurance

Terrorism Insurance with coverage amounts of not less than an amount equal to the full replacement cost of the improvements and the personal property (the “Terrorism Insurance Required Amount”). Notwithstanding the foregoing sentence, Borrower shall not be obligated to expend in any fiscal year on Insurance Premiums for Terrorism Insurance more than two (2.0) times the then-current annual premium paid by Borrower for the comprehensive all-risk insurance required under subsection 3.1(1)(a) hereof (the “Terrorism Insurance Cap”) and if the cost of the Terrorism Insurance Required Amount exceeds the Terrorism Insurance Cap, Borrower shall purchase the maximum amount of Terrorism Insurance available with funds equal to the Terrorism Insurance Cap; provided, however, the Terrorism Insurance Cap shall not apply or restrict the amount of terrorism coverage required to be obtained and maintained by this subsection (x) with respect to the Project if (a) owners and/or operators of mixed-use retail/office buildings in the same class as the Project in Bronx, New York are generally obtaining terrorism insurance, (b) lenders financing such mixed-use retail/office properties in the same class as the Project in Bronx, New York are generally requiring terrorism insurance as a condition of financing, or (c) Borrower or Sponsor or any Affiliate of Borrower or Sponsor, is obtaining terrorism insurance on any other properties in Bronx, New York of which any of the foregoing Persons own or operate. Not less than fifteen (15) days prior to the expiration dates of the Policies theretofore furnished to Lender pursuant to Section 3.1(1) hereof, Lead Borrower shall deliver to Administrative Agent insurance certificates showing payment of all premiums (the “Insurance Premiums”) for such Policies, which certificates shall be in form and substance reasonably satisfactory to Administrative Agent. Within sixty (60) days following the expiration dates of the Policies, Lead Borrower shall deliver to Administrative Agent certified copies of such Policies marked “premium paid” or accompanied by evidence satisfactory to Administrative Agent of payment of the Insurance Premiums.
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Terrorism Insurance shall have the meaning set forth in Section 5.1.1(a)(xi). “The Flood Insurance Acts” shall have the meaning set forth in Section 5.1.1(i). “Termination Space” shall have the meaning set forth in Section 6.4.1. “Title Company” shall mean National Land Tenure and Title Associates, each as agent for Xxxxxxx Title Insurance Company and First American Title Insurance Company. “Title Insurance Policy” shall mean an ALTA mortgagee title insurance policy in the form reasonably acceptable to Administrative Agent issued with respect to the Property and insuring the lien of the Mortgage. “Transfer” shall have the meaning set forth in Section 4.2.1(a). “TRIPRA” shall have the meaning set forth in Section 5.1.1(a)(xi). “UCC” or “Uniform Commercial Code” shall mean the Uniform Commercial Code as in effect in the State. “U.S. Government Securities Business Days” shall mean any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities. “U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code. “U.S. Tax Compliance Certificate” shall have the meaning set forth in Section 2.5.6(b)(ii)(C). “Unadjusted Benchmark Replacement” means the Alternate Index Rate excluding the applicable Alternate Rate Spread Adjustment. “Updated Information” shall have the meaning set forth in Section 9.1.2(a). “VCOC” shall have the meaning set forth in Section 11.28. “Work Charge” shall have the meaning set forth in Section 4.2.2. “Working Capital Account” shall have the meaning set forth in Section 2.6.1. “Working Capital Account Agreement” shall mean that certain Control Account Agreement dated as of the Original Closing Date by and among Xxxxxxxx, Administrative Agent, for the benefit of Lenders and Working Capital Bank.
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Terrorism Insurance shall have the meaning set forth in Section 6.1.8. THRESHOLD AMOUNT shall mean an amount equal to $12,000,000. TITLE COMPANY shall mean Lawyer's Title Insurance Corporation, National Land Tenure Company LLC, TitleServ, Commonwealth Land Title Insurance Company, Fidelity National Title Insurance Company and Chicago Title Insurance Company. TITLE POLICY shall mean an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if the Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued by the Title Company with respect to the Property and insuring the lien of the Security Instrument.
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Terrorism Insurance shall have the meaning set forth in Section 1.03A(1).
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Terrorism Insurance with coverage amounts of not less than an amount equal to the full replacement cost of the Improvements and the Personal Property plus business income/loss of Rents as required in Section 3.1(1)(c) on each Individual Property (the “Terrorism Insurance Required Amount”). Notwithstanding the foregoing, in the event that Borrowers are required to obtain separate Terrorism Insurance as set forth herein in the event that TRIPRA or any successor legislation is no longer in place, Borrowers shall only be required to obtain Terrorism Insurance to the extent that such coverage is obtainable for annual premiums not in excess of an amount equal to two (2) times the then‑annual casualty premium required under Section 3.1(1)(a) (without giving effect to the cost of earthquake insurance or Terrorism Insurance components of such policies) (the “Terrorism Cap”) and shall obtain Terrorism Coverage to such extent.
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Terrorism Insurance. AMOUNT shall have the meaning set forth in Section 6.1.8.
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Related to Terrorism Insurance

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Terrorism means an ideologically motivated unlawful act or acts, including but not limited to the use of violence or force or threat of violence or force, committed by or on behalf of any group(s), organization(s) or government(s) for the purpose of influencing any government and/or instilling fear in the public or a section of the public.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Proceeds of Crime Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), as amended from time to time, and including all regulations thereunder.

  • Anti-Money Laundering and Anti-Terrorism Laws shall have the meaning assigned thereto in Section 3.1(f)(i).

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Act of Terrorism means:an act, including but not limited to the use of force or violence and/or the threat of any person or group of persons, whether acting alone or on behalf of or in connection with any organisation or government which from its nature or context is done for, or in connection with political, religious, ideological, ethnic or similar purposes including the intention to influence any government and/or to put the public, or any section of the public in fear.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Proceeds of crime means any property derived from or obtained, directly or indirectly, through the commission of an offence;

  • Accident and health insurance means contracts that incorporate morbidity risk and provide protection against economic loss resulting from accident, sickness, or medical conditions and as may be specified in the valuation manual.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Anti-Terrorism Law means the USA Patriot Act or any other law pertaining to the prevention of future acts of terrorism, in each case as such law may be amended from time to time.

  • terrorist means any natural person who:

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • Anti-Terrorism Laws are any laws relating to terrorism or money laundering, including Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC.

  • Terrorist Act means any actual or threatened use of force or violence directed at or causing damage, injury, harm or disruption, or commission of an act dangerous to human life or property, against any individual, property or government, with the stated or unstated objective of pursuing economic, ethnic, nationalistic, political, racial or religious interests, whether such interests are declared or not. Criminal acts, primarily committed for personal gain and acts arising primarily from prior personal relationships between perpetrator(s) and victim(s) shall not be considered terrorist acts. Terrorist act also includes any act, which is verified or recognised by the (relevant) Government as an act of terrorism.

  • Health insurance means protection which provides payment of benefits for covered sickness or injury.