Aggregate Claim Limit definition

Aggregate Claim Limit. The maximum amount We will pay for all claims during the term of this Agreement is $5,000. • If You Meet or Exceed the Aggregate Limit: We will be responsible for informing You, at the time of the claim, if You have reached the Aggregate Claim Limit. In the event You reach the Aggregate Claim Limit and the Covered Product requires additional repairs, We will provide You with information on how get the Covered Product repaired, however, We will not be responsible for any costs related to these repairs. If You make a claim and the cost to repair or replace Your Covered Product will exceed the remaining balance of Your Aggregate Claim Limit, We will complete the final repair or replacement of Your Covered Product, after which this Agreement will terminate. Upon replacement, there is no longer any obligation for the replaced product under this Agreement. SERVICE COSTS, TRIP CHARGES, BREAKDOWN CHARGES, INSPECTION FEES, DIAGNOSTIC FEES OR ESTIMATE CHARGES FOR REPAIRS NOT COVERED UNDER THIS AGREEMENT ARE YOUR RESPONSIBILITY.
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Aggregate Claim Limit. The maximum amount We will pay for all claims made in any twelve (12) month rolling period is $5,000.00. The twelve (12) month rolling period begins on the date of Your first claim. If You reach the $5,000 aggregate claim limit, this Agreement will be cancelled. • If You Meet or Exceed the Aggregate Limit: In the event You reach the aggregate claim limit and the Covered Product requires additional repairs, We may be able to provide You with information on how to get the Covered Product repaired, however, We will not be responsible for any costs related to these repairs. In such an event, Your Agreement will terminate, and no future monthly charges will be due. A covered claim will apply to Your aggregate claim limit for twelve (12) months after the claim is completed, at which point that claim will roll off Your account and that claim, or the associated costs will be added back to Your available aggregate claim limit balance. Upon replacement, there is no longer any obligation for the replaced product under this Agreement. SERVICE COSTS, TRIP CHARGES, BREAKDOWN CHARGES, INSPECTION FEES, DIAGNOSTIC FEES OR ESTIMATE CHARGES FOR REPAIRS NOT COVERED UNDER THIS AGREEMENT ARE YOUR RESPONSIBILITY.
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Aggregate Claim Limit. The maximum amount We will pay for all claims made in any twelve (12) month rolling period is $5,000.00. The twelve (12) month rolling period begins on the date of Your first claim. If You reach the $5,000 aggregate claim limit, this Agreement will be cancelled. • If You Meet or Exceed the Aggregate Limit: In the event You reach the aggregate claim limit and the Covered Product requires additional repairs, We may be able to provide You with information on how to get the Covered Product repaired, however, We will not be responsible for any costs related to these repairs. In such an event, Your Agreement will terminate, and no future monthly charges will be due. A covered claim will apply to Your aggregate claim limit for twelve
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Examples of Aggregate Claim Limit in a sentence

  • In the aggregate, the total amount We will pay for ALL Claims pursuant to this Service Contract shall not exceed the Aggregate Claim Limit shown on the Confirmation Page.

  • You will receive a Personal Validation Certificate which contains information about You, Your Vehicle, the Aggregate Claim Limit, the Start Date and Your Period of Cover.

  • Should the sum of the amount paid for all claims reach the Aggregate Claim Limit of Liability in a Contract Term, no further coverage is provided for any Covered Product for the remainder of that Contract Term.

  • The contract is also subject to an Aggregate Claim Limit of Liability as shown on the Confirmation Page.

  • In the event that the repaired Covered Equipment or Replacement Equipment fails due to Operational Failure within ninety (90) days from the Delivery Date of such repaired Covered Equipment or Replacement Equipment, EnviCor will repair or replace it at no cost to Purchaser, and such services will not be charged against the Aggregate Claim Limit.

  • Several separate clusters of brood cells were found in the nests.

  • If the aggregate amount of Losses subject to Section 11.1(b) exceeds the Aggregate Claim Threshold, then for each such Loss subject to Section 11.1(b) that exceeds the Individual Claim Threshold (including those within the Aggregate Claim Threshold), Seller Indemnified Persons shall be entitled to indemnification by TACT in the full amount of such Loss (notwithstanding the Aggregate Claim Threshold), up to the Aggregate Claim Limit.

  • Your coverage under this Monthly Subscription Term Service Contract will automatically renew on a monthly basis provided that: (i) the payment of the Monthly Subscription Fee is received by Us by the Subscription Fee due date, or within ten (10) calendar days following the Monthly Subscription Fee due date (the “Grace Period”); and (ii) the Aggregate Claim Limit of Liability has not been reached.

  • If You reach the Aggregate Claim Limit, this Plan will be operable as described in sections below.

  • Please note that the Cracked Screen Coverage Claim will not be accounted as part of Your Aggregate Claim Limit.


More Definitions of Aggregate Claim Limit

Aggregate Claim Limit. Our liability with respect to the total of all benefits paid or payable while this Extended Warranty is in force shall not exceed the lesser of:
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Aggregate Claim Limit. The maximum amount We will pay for all claims made in any twelve (12) month rolling period is $5,000.00. The twelve (12) month rolling period begins on the date of Your first claim. • If You Meet or Exceed the Aggregate Limit: In such event, a covered claim will apply to Your aggregate claim limit for twelve (12) months after the claim is completed, at which point that claim will roll off Your account and that claim, or the associated costs will be added back to Your available aggregate claim limit balance. In the event You reach the aggregate claim limit and the Covered Product requires additional repairs, We may be able to provide You with information on how to get the Covered Product repaired, however, We will not be responsible for any costs related to these repairs. SERVICE COSTS, TRIP CHARGES, BREAKDOWN CHARGES, INSPECTION FEES, DIAGNOSTIC FEES OR ESTIMATE CHARGES FOR REPAIRS NOT COVERED UNDER THIS AGREEMENT ARE YOUR RESPONSIBILITY. 4WC-HOME ELECTRONICS_SMART HOME PRODUCTS (02/2024)
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Related to Aggregate Claim Limit

  • Aggregate Cap has the meaning set forth in Section 20.1A.

  • Aggregate Commitment Amount means the aggregate principal amount of the Aggregate Commitments from time to time. On the Closing Date, the Aggregate Commitment Amount equals $1,500,000,000.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Aggregate Credit Exposure means, at any time, the aggregate Credit Exposure of all the Lenders.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Aggregate Certificate Balance when used with respect to Certificates, means, at any time of determination, the aggregate of the Certificate Balances of any two or more Principal Balance Certificates or of all the Certificates of any particular Class or Classes of Principal Balance Certificates, or, when used with respect to an EX XXXXX III Regular Interest, shall have the same meaning as “Certificate Balance”, or, when used with respect to a Class PST Component, shall mean the Class A-S-PST Percentage Interest of the Certificate Balance of the Class A-S REMIC III Regular Interest, the Class B-PST Percentage Interest of the Certificate Balance of the Class B REMIC III Regular Interest or the Class C-PST Percentage Interest of the Certificate Balance of the Class C REMIC III Regular Interest, as applicable.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Aggregate Credit Exposures means, at any time, in respect of (a) the Term Facility, the aggregate amount of the Term Loans outstanding at such time and (b) in respect of the Revolving Credit Facility, the sum of (i) the unused portion of the Revolving Credit Facility at such time and (ii) the Total Revolving Credit Outstandings at such time.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Aggregate Outstanding Credit Exposure means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders.

  • Aggregate Invested Amount means, as of any date of determination, the sum of the Invested Amounts of all Series of Certificates issued and outstanding on such date of determination.

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Aggregate Amount means the aggregate amount by which the resolution authority has assessed that eligible liabilities are to be written down or converted, in accordance with Article 46(1);

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Aggregate Outstandings means, at a particular time, the sum of (a) the Aggregate Letters of Credit Outstandings at such time and (b) the aggregate outstanding principal amount of all Revolving Credit Loans at such time.

  • Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.