Available for payment definition

Available for payment means the amount of liability insurance coverage applicable to the claim of
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Available for payment means the amount of liability insurance coverage applicable to the claim of the injured person for bodily injury or property damage reduced by the payment of any other claims arising out of the same occurrence.
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Available for payment as used in this Paragraph (D.) means the amount of liability coverage applicable to the claim of the “insured” as reduced by the payment of any other claims arising out of the same occurrence. However, “underinsured motor vehicle” does not include any vehicle or equipment to which a bodily injury or property damage liability bond or policy applies at the time of the accident but the bonding or insuring company:
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Examples of Available for payment in a sentence

  • Available for payment by presentation of draft(s) at sight drawn on you or your correspondent.


More Definitions of Available for payment

Available for payment as used in this endorsement means the liability coverage applicable to the claim of the "insured" as reduced by the payment of any other claims arising out of the same occurrence.
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Available for payment means the amount of uninsured motorist insurance coverage applicable to the
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Related to Available for payment

  • Due for Payment means, with respect to any Insured Amounts, such amount that is due and payable under the Indenture on the related Payment Date.

  • Cash Available for Distribution means the Available Cash other than Net Sales Proceeds.

  • Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

  • Application for Payment means a written request submitted by Contractor to A/E for payment of Work completed in accordance with the Contract Documents and approved Schedule of Values, supported by such substantiating data as Owner or A/E may require.

  • Cash Flow Available for Debt Service for any period, means (i) Cash Flow received during such period minus (ii) (A) all O&M Costs paid during such period and (B) if an Equity Cure has been made in any fiscal quarter during the period for which Cash Flow Available for Debt Service is calculated, the lesser of the aggregate amount of (x) such Equity Cure during such period and (y) the aggregate amount of cash distributions paid by the Company during such period.