Forced Cash Withdrawal Insurance Sample Clauses

Forced Cash Withdrawal Insurance insurance against forced cash withdrawals from ATMs under the threat of physical violence to the Insured or a person close to him/her, or against the theft of the withdrawn cash in an assault, if such theft happens during the cash withdrawal or within 2 hours of the cash withdrawal.
Sample 1
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Forced Cash Withdrawal Insurance. The Insured Event shall constitute the theft of cash in a violent assault during cash withdrawal or as a consequence of forced cash withdrawal from an ATM under the threat of physical violence to the Insured or a person close to him/her, or the theft of the withdrawn cash in an assault or under the threat of physical violence, if such theft happens during the cash withdrawal or within 2 hours of the cash withdrawal. The Insured shall become entitled to the Benefit in connection with the Insured Event if such theft happens during the cash withdrawal or within 2 hours of the cash withdrawal, in the event that the cash was stolen in a violent assault of the Insured in direct connection with cash withdrawal from an ATM using the Gold Card of the Insured, or as a consequence of forced cash withdrawal from an ATM using the Gold Card of the Insured under the threat of physical violence to the Insured or a person close to him/her. The theft must happen within 2 hours of the cash withdrawal.
Sample 1
Forced Cash Withdrawal Insurance. The Insured Event shall constitute the theft of cash in a vi- olent assault during cash withdrawal or as a consequence of forced cash withdrawal from an ATM under the threat of physical violence to the Insured or a person close to him/her, or the theft of the withdrawn cash in an assault or under the threat of physical violence, if such theft hap- pens during the cash withdrawal or within 2 hours of the cash withdrawal. The Insured shall become entitled to the Benefit in con- nection with the Insured Event if such theft happens dur- ing the cash withdrawal or within 2 hours of the cash withdrawal, in the event that the cash was stolen in a violent assault of the Insured in direct connection with cash withdrawal from an ATM using the Gold Card of the Insured, or as a consequence of forced cash withdrawal from an ATM using the Gold Card of the Insured under the threat of physical violence to the Insured or a person close to him/her. The theft must happen within 2 hours of the cash withdrawal. The Insurer shall provide the Eligible Person with an Insurance Benefit in the amount of the sto- xxx xxxx up to the combined limit of the Insurance Benefit under Article 10.7 hereof.
Sample 1
Forced Cash Withdrawal Insurance insurance against forced cash withdrawals from ATMs under the threat of physical violence to the Insured or a person close to him/her, or against the theft of the withdrawn cash in an assault, if such theft happens during the cash withdrawal or within 2 hours of the cash withdrawal. This is only a translation of the Czech version of the document. In case of any discrepancies or disputes between the language versions, the Czech language version of the document is decisive. For the purposes of interpretation of the content hereof, it does not matter whether the defined terms are capitalised or not.
Sample 1

Related to Forced Cash Withdrawal Insurance

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  • Partial Withdrawals At any time any Holder shall be entitled to request a withdrawal of such portion of the Interest held by such Holder as such Holder shall request.

  • Insurance Benefit The Employer may elect to provide incidental life insurance benefits for insurable Participants who consent to life insurance benefits by signing the appropriate insurance company application form. The Trustee will not purchase any incidental life insurance benefit for any Participant prior to an allocation to the Participant's Account. At an insured Participant's written direction, the Trustee will use all or any portion of the Participant's nondeductible voluntary contributions, if any, to pay insurance premiums covering the Participant's life. This Section 11.01 also authorizes the purchase of life insurance, for the benefit of the Participant, on the life of a family member of the Participant or on any person in whom the Participant has an insurable interest. However, if the policy is on the joint lives of the Participant and another person, the Trustee may not maintain that policy if that other person predeceases the Participant. The Employer will direct the Trustee as to the insurance company and insurance agent through which the Trustee is to purchase the insurance contracts, the amount of the coverage and the applicable dividend plan. Each application for a policy, and the policies themselves, must designate the Trustee as sole owner, with the right reserved to the Trustee to exercise any right or option contained in the policies, subject to the terms and provisions of this Agreement. The Trustee must be the named beneficiary for the Account of the insured Participant. Proceeds of insurance contracts paid to the Participant's Account under this Article XI are subject to the distribution requirements of Article V and of Article VI. The Trustee will not retain any such proceeds for the benefit of the Trust. The Trustee will charge the premiums on any incidental benefit insurance contract covering the life of a Participant against the Account of that Participant. The Trustee will hold all incidental benefit insurance contracts issued under the Plan as assets of the Trust created under the Plan.

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  • Special Hazard Loss Amount $ 0.00 --------------

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