Calculation of Claim Amount. Losses shall aggregate towards the Deductible in chronological order according to Date of Loss. Any Loss which is less than the Non-Qualifying Loss Amount is excluded from the Policy and shall not be taken into account in applying the Deductible. The Insurer will pay the Insured Percentage of the Loss, up to the Credit Limit applicable for the Buyer on the date of Shipment, in respect of Losses in excess of the Deductible, subject to the Policy Limit of Liability and any applicable Country Limit of Liability, whichever is the lesser. Where a Buyer is part of a Group, the Insurer’s liability for any Loss shall be limited to the Insured Percentage of the Credit Limit approved individually for each entity, up to but not exceeding the approved aggregated credit exposure limit for the Group. Where the Contract Currency is other than Policy Currency, the rate of exchange shall be the rate as offered by the Insurer's London clearing bank on the Due Date, except in the case of Transfer Loss, where the rate of exchange shall be the rate as offered by the Insurer's London clearing bank on the date of expiry of the Waiting Period. Each payment made by the Insurer in respect of a Loss hereunder shall reduce the Policy Limit of Liability and all other applicable limits by the amount of each payment.
Calculation of Claim Amount. The Insurer will pay the Insured Percentage of the Loss, subject to the Policy Limit of Liability. Each payment made by the Insurer in respect of a Loss hereunder shall reduce the Policy Limit of Liability by the amount of each payment.
Calculation of Claim Amount. Subject to Sections 7.5 and 5.3, the Claim Amount will be an amount equal to: the sum of:
Calculation of Claim Amount. The Claim Amount shall be calculated pursuant to this section.
Calculation of Claim Amount. (a) For purposes of this Section 8, damages, losses and expenses suffered by AAC and ASTeX shall mean only the portion thereof that exceeds the policy limits of any applicable insurance. Notwithstanding the foregoing, AAC or ASTeX shall be entitled to file a claim for indemnification hereunder and a Claim under the Escrow Agreement regardless of whether such claim is covered by insurance. For purposes of this Section 8, should CPI or ILCT be required to pay any consideration to AAC or ASTeX under this Section 8 (whether in cash, by return of ASTeX Shares, or other consideration acceptable to ASTeX or AAC), CPI or ILCT shall pay to AAC the full amount due hereunder.
Calculation of Claim Amount. In calculating the amount of a Claim:
Calculation of Claim Amount. Subject to Section 7.5, the Claim Amount will be an amount equal to the sum of:
Calculation of Claim Amount. Subject to Sections 7.5 and 5.3, and the requirement for a Primary First Layer Policy, if any, the Claim Amount will be an amount equal to the sum of:
Calculation of Claim Amount. Subject to the requirement for a Primary Policy, if any, and to the Aggregate Loss Limit then applicable, the Claim Amount will be an amount equal to the sum of:
