Complete Discharge Sample Clauses

Complete Discharge. Any payment to the policyholder, insured person or his/ her nominees or his/ her legal representative or assignee or to the Hospital, as the case may be, for any benefit under the policy shall be a valid discharge towards payment of claim by the Company to the extent of that amount for the particular claim.
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Complete Discharge. We will not be bound to take notice or be affected by any Notice of any trust, charge, lien, assignment or other dealing with or relating to this Policy. The payment made by Us to You/Insured Person or to Your Nominee/Legal Representative or to the Hospital, as the case may be, of any Medical Expenses or compensation or benefit under the Policy shall in all cases be complete, valid and construe as an effectual discharge in favour of Us.
Complete Discharge. We will not be bound to take notice or be affected by any notice of any trust, charge, lien, assignment (unless assigned by the policyholder) or other dealing with or relating to this Policy except in case of assignment of the Benefit under Accidental Death in respect of an Insured Person where the Policyholder is a creditor of the Insured Person. The payment made by Us to the Insured Person or to their Nominee/ legal representative or to the valid assignee, as the case may be, of the compensation or Benefit under the Policy shall in all cases be complete, valid and construe as an effectual discharge in favour of Us.
Complete Discharge. Payment made by the Company once to the Policyholder or adult Insured Person or the Nominee of the Insured Person or the legal representative of the Insured Person, as the case may be, of any benefit under this Policy shall in all cases be complete and construe as an effectual discharge in favour of the Company except Loss of Job, if opted as Optional Cover, where the Company chooses to pay the EMI and not lumpsum.
Complete Discharge. (a) A payment made by the Principal Buyer under this agreement on behalf of a Buyer Group Company is deemed to constitute a full and complete discharge, as between each Seller Group Company and each Buyer Group Company, of the relevant Buyer Group Company's obligation to make the payment under a Linked Transaction Agreement.
Complete Discharge. Applicable Terms and Clauses of the Underlying Policy will apply to this Add On Cover.
Complete Discharge. Conditions under this section are same as Base Policy.
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Complete Discharge. We will not be bound to take notice or be affected by any Notice of any trust, charge, lien, assignment or other dealing with or relating to this
Complete Discharge. We will not be bound to take notice or be affected by any notice of any trust, charge, lien, assignment (unless assigned by the policyholder) or other dealing with or relating to this Policy except in case of assignment of the Benefit under Accidental Death in respect of an Insured Person where the Policyholder is a creditor of the Insured Person. The payment made by Us to the Insured Person or to their Nominee/legal representative or to the valid assignee, as the case may be, of the compensation or Benefit under the Policy shall in all cases be complete, valid and construe as an effectual discharge in favour of Us. Manipalcigna Lifestyle Protection Group Policy | Terms & Conditions | UIN: MCIPAGP21235V032021 | September 2024

Related to Complete Discharge

  • Good discharge (a) Any payment to be made in respect of the Secured Liabilities by the Security Agent may be made to the Facility Agent on behalf of the Secured Parties and any payment made in that way shall be a good discharge, to the extent of that payment, by the Security Agent.

  • Satisfaction and Discharge This Indenture will be discharged and will cease to be of further effect as to all Notes issued hereunder, when:

  • Release and Discharge 11.1 The acceptance by the Designer of the last payment under the provisions of Article 6.5 or Article 12 in the event of termination of the Contract, shall in each instance, operate as and be a release to the Owner and the Authority and their employees and officers, from all claims of the Designer and its Subconsultants for payment for services performed and/or furnished, except for those written claims submitted by the Designer to the Owner with, or prior to, the last invoice.

  • Termination and Dissolution of the contract

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