Covered Cause definition

Covered Cause. The cause of the Breakdown we will cover as identified in this Plan Agreement.

Examples of Covered Cause in a sentence

  • If the coverage is selected “Yes” in the Declarations, the peril as defined in the respective endorsement attached to this Policy shall be a Covered Cause of Loss and not be excluded.

  • Further, loss, damage, costs, and expenses associated with the exclusions are similarly excluded from coverage under this Policy, whether or not a Covered Cause of Loss contributes concurrently or in any sequence to such loss, damage, costs, or expenses.

  • For each Covered Cause of Loss shown on the Declarations Coverage Information section, the respective endorsement contains the Policy details relating to the respective peril.

  • The physical damage due to a Covered Cause of Loss must occur within five (5) statute miles from your insured Location for coverage to apply.

  • We will pay for sudden and accidental direct physical damage from a Covered Cause of Loss to precious stones, gems, and jewelry.

  • We will pay for sudden and accidental direct physical damage due to a Covered Cause of Loss to Covered Property caused by or resulting from discharge of water or waterborne material from a sewer, drain, or sump located at the described Location(s) provided such discharge is not induced by Flood or Flood related conditions.

  • Covered Breakdown: A Breakdown of a Covered Item due to a Covered Cause as provided by this Plan Agreement.

  • This Policy covers any shortage in the collection of Accounts Receivable directly resulting from a Covered Cause of Loss to Accounts Receivable records.

  • Authority is extended to cover, under the Policy, the Actual Loss Sustained during the Period of Interruption when access to your Insured Location is prohibited by an order of civil or military authority, when, such order is a direct result of a Covered Cause of Loss to real property not insured under this Policy.

  • Any Covered Cause of Loss added by endorsement shall provide coverage only as defined in the respective endorsement.

Related to Covered Cause

  • For Cause means:

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Just Cause means:

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Good Reason means:

  • Due Cause means any of the following events:

  • Good Cause means:

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.