Claim Deductible definition

Claim Deductible shall have the meaning specified in Section 8.04(a).
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Claim Deductible has the meaning set forth in Section 7.4(b).
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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.
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Examples of Claim Deductible in a sentence

  • All payments made under this Clause are not subject to the Each Claim Deductible and are payable by the Underwriters in addition to the Limits of Liability.

  • Any recoveries shall be applied first to subrogation expenses, second to Damages and Claims Expenses paid by the Underwriters, and third to the Each Claim Deductible.

  • The Social Engineering Claim Deductible shown in the Schedule of this endorsement applies to Damages and Claim Expenses incurred in each Social Engineering Claim or Social Engineering Claim arising from Interrelated Wrongful Acts.

  • The Per Claim Limit of Liability shall apply in excess of the Per Claim Deductible.

  • Claim Deductible: The Named Insured shall pay the Per Claim Deductible, in the amount stated on the Declarations, for Claim Expenses and Damages resulting from each Claim.

  • GroceryCo shall provide a copy of any notice under this Section 5.5(d)(i) with respect to any workers’ compensation claim or any claim with respect to a Business Liability Claim Deductible to the risk manager or designee of same at SnackCo.

  • The Company shall have no obligation to pay Damages or Claim Expenses until the applicable Per Claim Deductible has been paid in full.

  • The following Sublimits, and not the Per Claim Limit of Liability, shall apply to Claims of the type or nature described in this section and shall apply in excess of the Per Claim Deductible.

  • 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.

  • Any recoveries shall be applied first to subrogation expenses, second to Damages, Claims Expenses and Privacy Breach Response Services paid by the Underwriters, and third to the Each Claim Deductible or Each Incident Deductible (as applicable).


More Definitions of Claim Deductible

Claim Deductible means $25,000. ----------------
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Claim Deductible means [Redacted – dollar amount]. "Claim Notice" has the meaning given in Section 7.2.
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Claim Deductible has the meaning set forth in Section 11.1.
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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.
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Claim Deductible means $25,000.
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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 has the meaning set forth in Section 9.2(b).

  • 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 11.1 hereof;

  • 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.

  • Bankruptcy Loss Coverage Amount As of any date of determination, the Bankruptcy Loss Coverage Amount shall equal the Initial Bankruptcy Loss Coverage Amount as reduced by (i) the aggregate amount of Bankruptcy Losses allocated to the Certificates since the Cut-off Date and (ii) any permissible reductions in the Bankruptcy Loss Coverage Amount as evidenced by a letter of each Rating Agency to the Trustee to the effect that any such reduction will not result in a downgrading, qualification or withdrawal of the then current ratings assigned to the Classes of Certificates rated by it.

  • Fraud Loss Coverage Amount As of the Closing Date, $2,748,787, subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows:

  • 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 has the meaning set forth in Section 10.2(a).

  • 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.

  • 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.

  • 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.

  • Excess Fraud Loss Any Fraud Loss, or portion thereof, which exceeds the then applicable Fraud Loss Amount.

  • 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 $3,000,000.

  • 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.