Examples of Cover Amount in a sentence
The Option Percentage is the percentage of the Forward Underwriting Cover Amount that may be exercised to buy cover upon the occurrence of certain ‘Business Events’, ‘Personal Events’ or ‘Other Events’.
Where the relevant shortfall reduces or is otherwise resolved, the Cover Amount (or the portion thereof in excess of the relevant shortfall) shall become immediately due and payable to us.
If the Covered Item suffers Accidental Damage during the Cover Term while You are in New Zealand or travelling anywhere in the world, We will at Our option Repair or replace the Covered Item or pay the Cover Amount, subject to Your payment of the applicable Excess and the Terms and Conditions.
To the extent that Bunge is able to obtain Substitute Ethanol to meet such revised quantities and the price paid by Bunge to procure the Substitute Ethanol (including transportation, handling, or other charges related to the procurement and/or delivery of the Substitute Ethanol) was less than the price at which Bunge sold ethanol in such sale commitments, then Bunge shall retain the Cover Amount.
If We determine that the claim is valid and decide to Repair the Covered Item, but subsequently determine it is uneconomical to repair, We will replace the Covered Item or pay the Cover Amount subject to the applicable Excess and the Terms and Conditions.