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.
The Forward Underwriting Cover Amount is the maximum cover, over the lifetime of the benefit, that You can apply to buy either under a new Priority Protection policy in the future, or to increase the coverage of an existing Priority Protection policy.
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.
The Business Safeguard Forward Underwriting Cover Amount is the amount of additional maximum cover, over the lifetime of the benefit, that You can apply to buy either under a new Priority Protection policy in the future, or to increase the coverage of anexisting Priority Protection policy.