Claims limit definition

Claims limit means $1,000,000.00 per release. Two or more claims arising out of the same, interrelated, associated, repeated, or continuous releases or a series of related releases shall be subject to 1 claims limit. Any claim that takes place over 2 or more claim periods shall be subject to 1 claims limit.
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Claims limit is specified in Schedule 12.
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Claims limit. Means the maximum amount payable as stated under each section of cover including call out charges, labour, parts and materials (including) VAT and subject to prior agreement. Commencement Date - means the start date of service agreement.
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Examples of Claims limit in a sentence

  • Lessee will not settle any claims arising under any of the physical loss or damage Insurances in excess of the Claims Limit or an equivalent amount in another currency without the prior written consent of Lessor, that consent not to be unreasonably withheld or delayed.

  • In the event that Seller is liable to Purchaser for Damages, Purchaser shall only be entitled to Damages up to $100,000 (the "Claims Limit").

  • Notwithstanding the foregoing, the Time Limitations, the Basket and the Claims Limit shall not apply to (i) fraud or (ii) any intentional misrepresentation or breach of a representation, warranty or covenant or (iii) Section 12.2(a)(2)(ii), Section 12.2(a)(2)(iii) or Section 12.2(a)(3)(ii).

  • Anything to the contrary herein notwithstanding, the following claims shall not be subject to the Basket or the Claims Limit, claims relating to: (i) fraud, (ii) intentional or willful breach of any covenant; (iii) the representations contained in Section 4.01, (iv) Section 10.05(d) and (v) Section 10.05(e).

  • Any provision of this Agreement to the contrary notwithstanding, other than the last sentence of this Section 10.04, in no event shall the aggregate amount of the Seller's indemnity obligations pursuant to Section 10.03 exceed the amount of $4,750,000 (the "Claims Limit").

  • Anything to the contrary herein notwithstanding, the following claims shall not be subject to the Basket or the Claims Limit, claims relating to: (i) fraud, (ii) intentional or willful breach of any covenant, (iii) the representations contained in Sections 3.01 and 3.06, (iv) liabilities which are not Assumed Liabilities and (v) any breach of the covenants contained in Section 6.06(d) and (e).

  • Any provision of this Agreement to the contrary notwithstanding, other than the last sentence of this Section 10.06, in no event shall the aggregate amount of the Buyer's indemnity obligations pursuant to Section 10.05 exceed the Claims Limit.


More Definitions of Claims limit

Claims limit. The total amount payable that you are covered under this policy, including any applicable VAT, will not exceed the market value of your vehicle (according to motor- trade guides) at the time of purchasing
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Claims limit means two hundred fifty thousand Dollars ($250,000) or its equivalent in any other currency.
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Claims limit shall have the meaning set forth in Section 10.04 hereof.
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Related to Claims limit

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Claims Bar Date means the applicable bar date by which Proofs of Claim must be Filed, as established by: (a) the Bar Date Order; (b) a Final Order of the Bankruptcy Court; or (c) the Plan.

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.

  • Bag limit means the maximum number of game animals, game

  • Claims Period means the period of time during which Class Members may submit Claim Forms to receive their given share of the Settlement Benefits and shall commence on the Notice Date and shall end on the date ninety (90) days thereafter.

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

  • Acid rain emissions limitation means, as defined in 40 CFR 72.2*, a limitation on emissions of sulfur dioxide or nitrogen oxides under the acid rain program under Title IV of the Clean Air Act (CAA).

  • Related Claims means all Claims for Wrongful Acts based upon, arising out of, resulting from, or in any way involving the same or related facts, circumstances, situations, transactions or events or the same or related series of facts, circumstances situations, transactions or events, whether related logically, causally or in any other way.

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

  • Exculpated Claim means any claim related to any act or omission in connection with, relating to or arising out of the Debtors’ in or out-of-court restructuring efforts (including any and all actions associated with exploration and solicitation of financing/refinancing opportunities, sales or similar transactions, restructurings, the Chapter 11 Cases, formulation, preparation, dissemination, negotiation or filing of the Disclosure Statement or the Plan or any contract, instrument, release or other agreement or document created or entered into in connection with the Disclosure Statement or the Plan, the filing of the Chapter 11 Cases, the pursuit of confirmation of the Plan, the administration and implementation of the Plan, the issuance of the Series 2020 Note and the execution of 2020 Bond Documents, or the distribution of property under the Plan or any other related agreement; provided, however, that Exculpated Claims shall not include any act or omission that is determined in a Final Order to have constituted gross negligence, willful misconduct or fraud to the extent imposed by applicable non-bankruptcy law. For the avoidance of doubt, no Cause of Action, obligation or liability expressly established or preserved by the Plan or the Plan Supplement constitutes an Exculpated Claim.