Common use of Funding of the Excess Clause in Contracts

Funding of the Excess. If an Insured fails to pay to a Claimant any amount which is within the Excess within 30 days of it becoming due for payment, the Claimant may give notice of the Insured’s default to the Insurer, whereupon the Insurer is liable to remedy the default on the Insured’s behalf. Any amount paid by the Insurer to remedy such a default erodes the Sum Insured.

Funding of the Excess. If The insurance must provide that, if an Insured fails to pay to a Claimant any amount which is within the Excess within 30 days of it becoming due for payment, the Claimant may give notice of the Insured’s default to the Insurer, whereupon the Insurer is liable to remedy the default on the Insured’s behalf. Any The insurance may provide that any amount paid by the Insurer to remedy such a default erodes the Sum Insured.

Funding of the Excess. If an Insured insured fails to pay to a Claimant claimant any amount which is within the Excess excess within 30 days of it becoming due for payment, the Claimant claimant may give notice of the Insuredinsured’s default to the Insurerinsurer, whereupon the Insurer insurer is liable to remedy the default on the Insuredinsured’s behalf. Any amount paid by the Insurer insurer to remedy such a default erodes the Sum Insuredsum insured.

Funding of the Excess. If an Insured insured fails to pay to a Claimant claimant any amount which is within the Excess excess within 30 days of it becoming due for payment, the Claimant claimant may give notice of the Insured’s insured‟s default to the Insurerinsurer, whereupon the Insurer insurer is liable to remedy the default on the Insured’s insured‟s behalf. Any amount paid by the Insurer insurer to remedy such a default erodes the Sum Insuredsum insured.

Funding of the Excess. If ‌ The insurance must provide that, if an Insured fails to pay to a Claimant any amount which is within the Excess within 30 days of it becoming due for payment, the Claimant may give notice of the Insured’s default to the Insurer, whereupon the Insurer is liable to remedy the default on the Insured’s behalf. Any The insurance may provide that any amount paid by the Insurer to remedy such a default erodes the Sum Insured.

Funding of the Excess. ‌ If an Insured fails to pay to a Claimant any amount which is within the Excess within 30 days of it becoming due for payment, the Claimant may give notice of the Insured’s default to the Insurer, whereupon the Insurer is liable to remedy the default on the Insured’s behalf. Any amount paid by the Insurer to remedy such a default erodes the Sum Insured.

Funding of the Excess. If The insurance must provide that, if an Insured insured fails to pay to a Claimant claimant any amount which is within the Excess excess within 30 days of it becoming due for payment, the Claimant claimant may give notice of the Insured’s insured‘s default to the Insurerinsurer, whereupon the Insurer insurer is liable to remedy the default on the Insured’s insured‘s behalf. Any The insurance may provide that any amount paid by the Insurer insurer to remedy such a default erodes the Sum Insuredsum insured.

Funding of the Excess. If an Insured fails to pay to a Claimant any amount which is within the Excess within 30 days of it becoming due for payment, the Claimant may give notice of the Insured’s Insured‘s default to the Insurer, whereupon the Insurer is liable to remedy the default on the Insured’s Insured‘s behalf. Any amount paid by the Insurer to remedy such a default erodes the Sum Insured.

Funding of the Excess. If The insurance must provide that, if an Insured insured fails to pay to a Claimant claimant any amount which is within the Excess excess within 30 days of it becoming due for payment, the Claimant claimant may give notice of the Insuredinsured’s default to the Insurerinsurer, whereupon the Insurer insurer is liable to remedy the default on the Insuredinsured’s behalf. Any The insurance may provide that any amount paid by the Insurer insurer to remedy such a default erodes the Sum Insuredsum insured.

Funding of the Excess. If The insurance must provide that, if an Insured fails to pay to a Claimant any amount which is within the Excess within 30 days of it becoming due for payment, the Claimant may give notice of the Insured’s 's default to the Insurer, whereupon the Insurer is liable to remedy the default on the Insured’s 's behalf. Any The insurance may provide that any amount paid by the Insurer to remedy such a default erodes the Sum Insured.

Funding of the Excess. If The insurance must provide that, if an Insured insured fails to pay to a Claimant claimant any amount which is within the Excess excess within 30 days of it becoming due for payment, the Claimant claimant may give notice of the Insured’s insured‟s default to the Insurerinsurer, whereupon the Insurer insurer is liable to remedy the default on the Insured’s insured‟s behalf. Any The insurance may provide that any amount paid by the Insurer insurer to remedy such a default erodes the Sum Insuredsum insured.

Funding of the Excess. If an Insured fails to pay to a Claimant any amount which is within the Excess within 30 days of it becoming due for payment, the Claimant may give notice of the Insured’s 's default to the Insurer, whereupon the Insurer is liable to remedy the default on the Insured’s 's behalf. Any amount paid by the Insurer to remedy such a default erodes the Sum Insured.

Funding of the Excess. If The insurance must provide that, if an Insured fails to pay to a Claimant any amount which is within the Excess within 30 days of it becoming due for payment, the Claimant may give notice of the Insured’s Insured‘s default to the Insurer, whereupon the Insurer is liable to remedy the default on the Insured’s Insured‘s behalf. Any The insurance may provide that any amount paid by the Insurer to remedy such a default erodes the Sum Insured.