Additional Named Insured definition

Additional Named Insured means a trust that holds legal title to an insured auto and has been designated by you as an “additional named insured” as shown on the declarations.

Additional Named Insured shall have the meaning specified in Clause 10.1(a) of this Agreement.

Additional Named Insured means any other Person, other than Congoleum Corporation, who or that is or asserts to be a named insured, additional insured, additional named insured, or is qualified as an insured under any or all of the policies listed on Exhibit C, and/or who or that otherwise asserts or claims any right, title or interest of or through an insured, a named insured, additional insured or additional named insured under (a) any or all of the policies listed on Exhibit C, including, without limitation, the entity Congoleum-Nairn, Inc. named in policies XBC-1838 and XBC-40971, the entity Congoleum Corporation named in policies XCP3904 and XCP3956, the entity Congoleum Corporation named in policies XBC155083 (incorrectly named Congoleum Incorporated in policy XBC155083) and XCP GO 7908702, the entity Congoleum Industries, Inc. named in policies XBC-43099 and XCP3904, the entity Bath Industries, Inc. named in = policies XBC-43099, XCP3904 and XCP3956, the entities Kinder Manufacturing Company, Inc. and Lewis Carpet Mills, Inc. named in policy XBC-40971, and the entities ▇▇▇▇ Iron Wor▇▇ ▇▇rp., Kinder Manufacturing Company, Inc., Lewis Carpet Mills, Inc., Pennsylvania Crusher Corporation, Mersman B▇▇▇▇▇rs Divis▇▇▇, Webb Furniture Corporation, Coronet Manufa▇▇▇▇▇▇▇ Co., Inc., Howard P▇▇▇▇r Furniture Co., Howard Parlor Furniture Co. of Texas, In▇., ▇▇ward Frame Co., Edson, ▇▇▇▇▇▇orated, Relax-o-Lounger, Inc., Tri-Sta▇▇ ▇▇▇ors, Inc., a▇▇/▇▇ J. Isenberg & Son, Inc. named in policies XCP3904 and XCP3956 (to the ▇▇▇▇▇▇ ▇▇▇t any such person asserts such rights under the Subject Policies).

Additional Named Insured may conduct any “Permitted Sales” upon providing a “Notice of Permitted Sale” to the “Insurer” at least ten (10) days prior to the conclusion of such “Permitted Sale”. The “Additional Named Insured” shall direct the buyer in any “Permitted Sale” to pay on the closing date of such “Permitted Sale”, an amount that equals the amount necessary to cause the sum of the “Recovery Principal” and the “Recovery Premium” (or such other amount agreed to by the “Insurer” in the case of a “Permitted Sale” that does not generate sufficient proceeds to repay the sum of the “Recovery Principal” and the “Recovery Premium” in full) to be funded directly into the “Insurer’s Account” out of the sale proceeds in accordance with the “Transaction Documents”. The application of the proceeds of any “Permitted Sale” to the reduction of the “Recovery Principal” and the “Recovery Premium” shall be taken into account in each subsequent “Proof of Claim” and “Recovery Reconciliation” as applicable. For all other purposes following a “Permitted Sale”, the “Coverage Certificate” will be deemed amended to exclude the “Covered Policy” that was the subject of such “Permitted Sale”.

Additional Named Insured has made a “Permitted Sale” of a “Covered Policy”, a “Covered Entity” shall have the right, within the first thirty-six (36) months following the “Effective Date”, to request that the “Insurer” replace such “Covered Policy” with a new “Covered Policy” by filing an “Amended MPIC Application”; provided that after the replacement of any “Covered Policies”, the “Average LE” of the “Covered Portfolio” will be less than one hundred eighty (180) months. No such addition of any “Covered Policies” will extend the “Term” of this “Policy”. The “Insurer” may accept or reject such “Amended MPIC Application” in its sole discretion, and has no obligation whatsoever to extend coverage under this “Policy” to additional “Covered Policies”. If the “Insurer” accepts an “Amended MPIC Application”, an “Amended Coverage Certificate” shall be issued and upon the “Amended Coverage Certificate Effective Date” shall replace any prior “Coverage Certificate”. If the “Insurer” rejects an “Amended MPIC Application”, the submission of such “Amended MPIC Application” shall have no impact on the “Coverage Certificate” in effect at that time. The right to request substitutions of “Covered Policies” shall not exceed twenty-five percent (25%) of the “Covered Portfolio”.

Additional Named Insured means an endorsement to an insurance policy extending the coverage to the State of New Jersey against loss in accordance with the terms of the policy. Naming the State as an additional named insured permits the Department to pay the premium should the named insured fail to do so. Contract means one of the Department’s social service or training Contracts with a Provider Agency. Terms and conditions of the Contract are included in the Standard Language Document, in DCF-SAGE, appendices, attachments and Contract Modifications (including any approved assignments and subcontracts) and supporting documents. The Contract constitutes the entire binding agreement between the Department and the Provider Agency. Days means calendar days.

Additional Named Insured has the meaning set forth in the Preamble of this “Policy”. For the avoidance of doubt, actions by the “MPIC Servicer” on behalf of the “Additional Named Insured” shall constitute acts of the “Additional Named Insured” for purposes of this “Policy”.

Additional Named Insured. With copies to the lender of any “Permitted Loan” at its address as set forth in the related “Loan Documents”. With regard to any notices or other documents referenced in this “Policy” that are to be delivered to the “Insured” or the “Additional Named Insured” by any “Person” other than the “Insurer”, such notices shall be deemed to have been delivered to the “Insured” or the “Additional Named Insured” in the event that they were delivered to any named agent, servant or employee of the “Insured” or the “Additional Named Insured” or any other “Person” appointed by the “Insured” or the “Additional Named Insured” to perform any duties on behalf of the “Insured” or the “Additional Named Insured” in connection with this “Policy”.

Additional Named Insured shall follow the definition of such term as in the Reassured's Policy.