Claim Deductible definition

Claim Deductible shall have the meaning specified in Section 8.04(a).
Sample 1Sample 2Sample 3
Claim Deductible has the meaning set forth in Section 7.4(b).
Sample 1Sample 2Sample 3
Claim Deductible means a cost sharing requirement under a health insurance policy that provides that the insurer will not be liable for a specified rupee amount in case of indemnity policies and for a specified number of days/hours in case of hospital cash policies which will apply before any benefits are payable by the insurer. A deductible does not reduce the Sum Insured.
Sample 1Sample 2

Examples of Claim Deductible in a sentence

  • The Claim Deductible reflects the Parties’ agreement that: (a) Developer will bear the financial risks for Extra Work Costs and Delay Costs, as applicable, for each Claim, up to the Claim Deductible; and (b) the Department will compensate Developer for Extra Work Costs and Delay Costs, as applicable, in excess of the Claim Deductible, provided that each Claim complies with [Section of Division ].

  • The amounts remaining in the Non-Discriminatory O&M Change Deductible, Pre-existing Hazardous Materials Deductible, the Tiered Pre-existing Hazardous Materials Deductible and the Claim Deductible shall be adjusted annually at the beginning of each Calendar Year after the Effective Date by a percentage equal to the percentage adjustment in the CPI between the CPI for October of the second immediately preceding Calendar Year and the CPI for October of the immediately preceding Calendar Year.

  • The amount of such insurance or deemed self-insurance shall be netted out before determining the amount of Extra Work Costs and Delay Costs to be charged against the Non-Discriminatory O&M Change Deductible, Pre-existing Hazardous Materials Deductible, Tiered Pre-existing Hazardous Materials Deductible, or Claim Deductible, as the case may be.

  • The Claim Deductible reflects the Parties’ agreement that: (a) Developer shall bear the financial risks for Extra Work Costs and Delay Costs, as applicable, for each separate occurrence of a Relief Event, up to the Claim Deductible; and (b) except as otherwise provided in this Article 15, IFA will compensate Developer for Extra Work Costs and Delay Costs, as applicable, in excess of the Claim Deductible, provided that each Claim complies with Section 15.1.

  • Buyer shall not be obligated to pay any additional costs or incur any additional obligations in its purchase of the Assets if such costs are the result of Seller’s Like-Kind Exchange, and Seller shall indemnify Buyer Indemnified Parties against any Claims arising from Seller’s Like-Kind Exchange without regard to the Individual Claim Threshold or Aggregate Claim Deductible.

  • STATUS DISPUTE OF THE Sub-limits per (includes taxes otherwise stated) Claim unless Hourly Limits per Claim Deductible: The coverage covers only the costs exceeding that of the deductible stipulated in the Declaration.

  • Events Allowance shall be available and used as the first source of funds to pay undisputed Extra Work Costs and Delay Costs due to Developer (after taking into consideration the Claim Deductible) for occurrence prior to the Substantial Completion Date of Relief Events under clauses (j) (other than a Seismic Event), (m), (o), (p), (q) and (u) of the definition of Relief Events, and for no other purpose.

  • The amounts remaining in the Non-Discriminatory O&M Change Deductible, Seismic Event Deductible, and Claim Deductible shall be adjusted annually at the beginning of each Fiscal Year after the Effective Date by a percentage equal to the percentage adjustment in the CPI between the CPI for April of the second immediately preceding Fiscal Year and the CPI for April of the immediately preceding Fiscal Year.

  • The Claim Deductible reflects the Parties’ agreement that: (a) Developer shall bear the financial risks for Extra Work Costs and Delay Costs, as applicable, for each Claim, up to the Claim Deductible; and (b) the Department will compensate Developer for Extra Work Costs and Delay Costs, as applicable, in excess of the Claim Deductible, provided that each Claim complies with Section 9.1.1.

  • The amount of such insurance or deemed self-insurance shall be netted out before determining the amount of Extra Work Costs and Delay Costs to be charged against the Non-Discriminatory O&M Change Deductible, Pre-existing Hazardous Materials Deductible, Tiered Pre-existing Hazardous Materials Deductible, Seismic Event Deductible, or Claim Deductible, as the case may be.


More Definitions of Claim Deductible

Claim Deductible shall have the meaning given to such term in Section 7.04(b) hereof. “Closing” shall have the meaning given to such term in Section 2.03 hereof.
Sample 1
Claim Deductible means [Redacted – dollar amount]. "Claim Notice" has the meaning given in Section 7.2.
Sample 1
Claim Deductible means $25,000. ----------------
Sample 1
Claim Deductible means $25,000.
Sample 1

Related to Claim Deductible

  • Deductible has the meaning set forth in Section 11.1(e).

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Covered Losses means any and all losses, assessments, fines, penalties, administrative orders, obligations, judgments, amounts paid in settlement, costs, expenses, liabilities and damages (whether actual, consequential or punitive), including interest, penalties, reasonable court costs and attorney’s fees, disbursements and costs of investigations, deficiencies, levies, duties and imposts.

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

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Buyer Losses shall have the meaning set forth in Section 8.2.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • Claim Period means the period of time during which a Settlement Class Member must submit a Claim Form to be eligible to receive a Cash Benefit or Billing Credit Option as part of the Settlement. The Claim Period shall commence not later than thirty (30) days after the Preliminary Approval Date, as defined herein, and shall conclude not more than ninety (90) days after it commences.

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Indemnifiable Loss means, with respect to any Person, any action, claim, cost, damage, deficiency, diminution in value, disbursement, expense, liability, loss, obligation, penalty, settlement, suit, or tax of any kind or nature, together with all interest, penalties, legal, accounting and other professional fees and expenses reasonably incurred in the investigation, collection, prosecution and defense of claims and amounts paid in settlement, that may be imposed on or otherwise incurred or suffered by such Person, whether directly or indirectly.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Indemnifiable Losses means any and all Losses relating to, arising out of or resulting from any Indemnifiable Claim.

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VI.

  • Indemnity Escrow Amount means $5,000,000.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.