Single Policy Sample Clauses

The Single Policy clause establishes that all coverage provided to the insured is governed by a single, unified insurance policy, rather than multiple separate policies. In practice, this means that all terms, conditions, and limits are consolidated into one document, simplifying administration and reducing the risk of conflicting provisions. This clause ensures clarity and consistency in coverage, making it easier for both the insurer and the insured to understand their rights and obligations under the agreement.
Single Policy. Eight per cent (8%) of the premium rate of whichever health insurance plan is selected by the employee.
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Single Policy. Notwithstanding anything to the contrary contained in this Article 7, any insurance coverage required to be provided by Landlord under this Article 7 may be provided by Tenant on behalf of Landlord under a single policy, and any insurance required to be provided by Tenant under this Article 7 may be provided by Landlord on behalf of Tenant under a single policy, provided that (i) any such coverage shall otherwise comply with the foregoing provisions of this Article 7, including with respect to the naming of loss payees, named insureds and additional insureds, (ii) in the result of an insured claim, any such coverage shall result in the same allocation of proceeds as would have been made had the policies been maintained separately, and (iii) notwithstanding the fact that one party may maintain insurance coverage for the benefit of the other party, the cost of insurance under this Article 7 shall be allocated such that each party shall pay for its respective share of such insurance.
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Single Policy. Effective July 1, 2016, the School District shall contribute five hundred forty and 00/100 dollars ($540.00) per month premium of the current Comprehensive Major Medical (CMM) Plan (or its equivalent) for single coverage for all teachers who qualify for and are enrolled in the School District group health and hospitalization plan. The School District shall contribute a pro-rata amount for part-time teachers. For any teacher who participates in the single coverage of the Comprehensive Major Medical (CMM) Plan (or its equivalent) the School District will contribute one hundred twelve and 00/100 dollars ($112.00) per month and a pro-rata portion of that amount for part-time teachers to a Section 105/HRA Plan. The School District contribution toward the single Double Gold Plan (or its equivalent) will be five hundred sixty-two and 00/100 dollars ($562.00) per month and a pro-rata portion of that amount for part-time teachers.
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Single Policy. This Policy is a single contract of insurance and if more than one Insured is covered this Policy shall nevertheless be, and remain, a single contract of insurance for the benefit of all Insureds as joint Insureds and, accordingly, without limitation: (i) the Policyholder shall act for itself and for all Insureds for all purposes under this Policy, including but not limited to the giving and receiving of notice, the giving of notice of Loss, the payment of premiums that may become due and the receipt and acceptance of any endorsements issued to form a part of this Policy; (ii) payment of any Loss under this Policy to the Policyholder shall fully release the Insurer with respect to such Loss; (iii) if there is more than one Insured under this Policy and any such entity other than the Policyholder ceases for any reason to be covered by this Policy, then the remaining Insureds shall continue to be Insureds for all purposes under this Policy; (iv) knowledge possessed or Discovery made by any director, partner, officer, trustee, departmental director, senior manager or equivalent thereof of any Insured shall for all purposes constitute knowledge possessed or Discovery made by every Insured; (v) the Insurer’s liability for Loss sustained by any or all of the Insureds shall not exceed the amount for which the Insurer would be liable had all such Loss been sustained by any one of the Insureds; (vi) in calculating Loss covered by this Policy, where another Insured receives a benefit corresponding or relating to such Loss, that benefit will be set off against the value of such Loss.
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Related to Single Policy

  • R&W Insurance Policy (a) Except as set forth in Section 9.09 with respect to Fraud and except with respect to the Surviving Representations and the Certain Matters, notwithstanding anything to the contrary contained in this Agreement, (a) the R&W Insurance Policy shall be the sole and exclusive remedy of the Purchaser Indemnified Parties for any and all Losses that are sustained or incurred by any of the Purchaser Indemnified Parties by reason of, resulting from or arising out of any breach of or inaccuracy in any of the Company’s or any Seller’s representations or warranties contained in this Agreement or in any certificate or other instrument delivered pursuant to this Agreement (other than the Surviving Representations) and (b) the Company and the Sellers shall not have any other direct or indirect liability (derivative or otherwise) to any Purchaser Indemnified Party with respect to any breach of such representations and warranties of the Company or the Sellers. (b) Section 9.04(a) shall apply regardless of whether: (i) Purchaser continues to maintain the R&W Insurance Policy following the Closing; (ii) the R&W Insurance Policy is revoked, cancelled or modified in any manner after issuance; (iii) any claim made by Purchaser under such R&W Insurance Policy is denied by the issuer thereof or (iv) Purchaser fails or refuses to make a claim, or fails to comply with the required claims procedures, under such R&W Insurance Policy. Without limiting the generality of the foregoing, any rights of any issuer of the R&W Insurance Policy, including any rights of subrogation, shall not affect, expand or increase any liability or obligation of the Company or the Sellers to Purchaser Indemnified Parties or any other parties in connection with the transactions contemplated by this Agreement. (c) With respect to any Losses for which a Purchaser Indemnified Party is entitled to indemnification under Section 9.02(i) and Section 9.02(ii), Purchaser shall use its commercially reasonable efforts to submit a claim to recover such Losses from the R&W Insurance Policy before seeking recovery for such Losses from the Sellers (subject to applicable limitations set forth in this ARTICLE IX).

  • Insurance Policy The Employer agrees to remit to the Union an amount to be applied toward the payment of a premium by the Union for an insurance policy which provides a defense attorney to represent all members of the bargaining unit when they are charged with a criminal act that results from events occurring while the bargaining unit member was acting in an official capacity. The maximum amount payable during the term of the Agreement shall be seven dollars ($7.00) per member per month.

  • Title Insurance Policy In all cases, the Seller undertakes to remove any encumbrance that will materially interfere with the procurement of a title insurance policy or financing necessary for the purchase of the Property, whether the same is included in the above enumeration or not. Further, the Seller undertakes to, in good faith, cooperate with and assist the Buyer fully in obtaining a title insurance policy. The Seller shall be obligated to take all legal and reasonably necessary action in order to procure such title insurance policy but shall not incur any additional liability in relation thereto. If the title to the Property is not in a condition that is compliant with the above, if the Seller fails or refuses to comply with the Seller’s obligations under this section, or if the Parties are unable to obtain a title insurance policy, the Buyer may, in the Buyer’s sole discretion, accept the title as it is and proceed with the purchase under this Agreement, or terminate this Agreement and recover the ▇▇▇▇▇▇▇ Money, costs incurred in relation to this Agreement and

  • Single Coverage The School District will pay up to $28.00 per month for individual coverage for each full-time teacher who qualifies for and enrolls in the School District's group dental insurance plan.

  • Single Premium Credit Life Insurance None of the proceeds of the Mortgage Loan were used to finance single-premium credit life insurance policies.