Acceptance limits definition
Examples of Acceptance limits in a sentence
Vehicle category M1 and M1G O1 and O2 M1 and M1G O1 and O2 Min cycles with 75 per cent M 5 2.0*10 5 0.66*10 4 6.0 * 10 4 2.0*10 bmaX Min cycles with 50 per cent M 6 1.8*10 6 0.69*10 5 6.0*10 5 2.3*10 bmaX Acceptance limits Shaft displacement less than 10 per cent greater than the displacement measured after approximately 10,000 cycles.
For purposes of this Agreement, the applicable “Automatic Acceptance Limits” are as follows: 0 – 70 $ 6,000,000 $ 6,000,000 $ 2,500,000 $ 1,250,000 71 – 75 $ 6,000,000 $ 5,600,000 $ 2,500,000 $ 1,250,000 76 – 80 $ 5,000,000 $ 5,000,000 $ 2,500,000 $ 1,250,000 81 – 85 $ 2,500,000 $ 2,500,000 $ 0 $ 0 86 – 90 $ 0 $ 0 $ 0 $ 0 If a policy is issued on an aviation risk with an aviation exclusion rider, the above Automatic Acceptance limits apply.
Changes to the Company’s Retention limits in Exhibit D will not affect the Reinsured Policies in force at the time of such a change except as specifically provided for elsewhere in this Agreement, and will not affect the Automatic Acceptance limits in Exhibit E unless mutually agreed in writing by the Company and the Reinsurer.
If a policy is issued on an aviation risk with an aviation exclusion rider, the above Automatic Acceptance limits apply.