Amount of Coverage definition

Amount of Coverage means an employee's bi-weekly benefit expressed as a percentage of normal salary;
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Amount of Coverage means the amount of Term Life Insurance payable upon the death of the employee.
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Amount of Coverage. Not less than the Principal Amount of the Loan on the Closing Date.
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Examples of Amount of Coverage in a sentence

  • Scope of Coverage: Project Specific Type of Coverage: Occurrence Basis Amount of Coverage: $1,000,000 per occurrence $2,000,000 aggregate Policy Period: Annual Policy Effective until final completion of the Project Named Insured: Contractor Additional Insured Parties The Board of Regents of the Nevada System of Higher Education on behalf of CSN (its officers, employees and agents) A separate certificate of insurance evidencing the coverage required herein shall be provided to the Owner.

  • Minimum Amount of Coverage Required — To determine the required minimum amount of BI & PD liability insurance coverage, identify the highest dollar amount in parentheses among the insurance categories that are selected.

  • We recommend you consult a qualified tax advisor before requesting a decrease in Total Face Amount of Coverage Layers as described below.

  • Any reduction in the Total Face Amount, whether by Written Request or due to a withdrawal or change in Death Benefit Option, will affect the Total Face Amount by reducing the Face Amount of Coverage Layers as described below.

  • The Amount of Loan Insured and the Amount of Coverage for each individual Loan are as shown on Appendix A.

  • Type Name of Carrier Amount of Coverage Policy Expiration Date Premium Paid Through (Date) General Liability Hartford 1,000,000.00 1/11/2012 1/11/2013 Worker’s Compensation No employees Casualty None Vehicle None The Debtor also maintained directors and officers liability coverage purchased pre-petition for the 2009/2010 coverage year and an extended reporting period for the policies covering the 2008/2009 coverage year also purchased pre-petition.

  • Minimum Amount of Coverage RequiredApplicants that select a vehicle-operating category above should then check all boxes that apply within that category.Freight Forwarders that will perform transfer, collection, or delivery service must maintain appropriate levels of bodily injury and property damage (BI & PD) insurance and environmental restoration coverage.

  • Minimum Amount of Coverage Required — Motor Carriers of Passengers must maintain bodily injury and property damage (public liability) insurance.

  • Type Name of Carrier Amount of Coverage Policy Expiration Date Premium Paid Through (Date) General Liability Hartford 1,000,000.00 1/11/2012 1/11/2012 Worker’s Compensation Hartford 1,000,000.00 1/11/2012 Paid with Payroll Casualty None Vehicle None The Debtor also maintains directors and officers liability coverage purchased pre-petition for the 2009/2010 coverage year and an extended reporting period for the policies covering the 2008/2009 coverage year also purchased pre-petition.

  • Type of Coverage Amount of Coverage $2,000,000 aggregate Proof of all insurance coverage shall be furnished to the City by way of an endorsement to same or certificate of insurance upon request by the City.


More Definitions of Amount of Coverage

Amount of Coverage means the coverage amount you may elect pursuant to the terms of the Plan.
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Amount of Coverage. The amount of life insurance coverage for each principal will be $300,000. A principal may purchase additional life insurance at the principal’s expense but at the district rate for supplemental life insurance up to the amount permitted by the insurance carrier.
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Amount of Coverage means employee's benefit expressed as a percentage of normal salary;
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Amount of Coverage means an employee's Long Term Disability Income benefit as expressed as a percentage of bi-weekly earnings.
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Amount of Coverage means a Member’s monthly Core LTD Benefit expressed as a percentage of normal salary. Age means the age of the Member on their last birthday when stated or calculated, or on the day when an event referred to under the Core LTD Program occurs.
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Related to Amount of Coverage

  • Period of Coverage means the Plan Year, with the following exceptions: (a) for Employees who first become eligible to participate, it shall mean the portion of the Plan Year following the date on which participation commences, as described in Section 3.1; and (b) for Employees who terminate participation, it shall mean the portion of the Plan Year prior to the date on which participation terminates, as described in Section 3.2.

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Certificate of Coverage means a written certification provided by any source that offers medical care coverage, including the Plan, for the purpose of confirming the duration and type of an individual’s previous coverage.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Outline of coverage means a summary that explains an accident and health insurance policy.

  • Period of Cover means the duration of Your cover as stated in Your Policy Documents.

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $9,706,461, in each case reduced by Special Hazard Losses allocated to the REMIC II Regular Interests since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $9,706,461 as reduced by the Special Hazard Losses allocated to the REMIC II Regular Interests since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance Policy).

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Levels of cover means cover is available for either hospital treatment, general treatment or combined hospital and general treatment.

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Reimbursement insurance policy means a policy of insurance

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Fraud Coverage During the period prior to the first anniversary of the Cut-Off Date, 2.00% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date (the "Initial Fraud Coverage"), reduced by Fraud Losses allocated to the Certificates since the Cut-Off Date; during the period from the first anniversary of the Cut-Off Date to (but not including) the fifth anniversary of the Cut-Off Date, the amount of the Fraud Coverage on the most recent previous anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) reduced by Fraud Losses allocated to the Certificates since such anniversary; and during the period on and after the fifth anniversary of the Cut-Off Date, zero. On each anniversary of the Cut-Off Date, the Fraud Coverage shall be reduced to the lesser of (i) on the first, second, third and fourth anniversaries of the Cut-Off Date, 1.00% of the aggregate principal balance of the Mortgage Loans as of the Due Date in the preceding month and (ii) the excess of the Initial Fraud Coverage over cumulative Fraud Losses allocated to the Certificates since the Cut-Off Date. The Fraud Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Premium Rate has the meaning assigned to such term in the Premium Letter.

  • Required Surety Payment With respect to any Additional Collateral Loan that becomes a Liquidated Mortgage Loan, the lesser of (i) the principal portion of the Realized Loss with respect to such Mortgage Loan and (ii) the excess, if any, of (a) the amount of Additional Collateral required at origination with respect to such Mortgage Loan over (b) the net proceeds realized by the Subservicer from the related Additional Collateral.

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.