Covered Limit definition

Covered Limit. The amount for which We tell You We are willing to accept the risk of Unpaid Protected Debts not being paid due to a Protected Event happening in relation to a named Customer;
Sample 1Sample 2Sample 3

Examples of Covered Limit in a sentence

  • If such attempted payment covered more than one Protected Debt the Covered Limit will automatically reduce to the lowest limit for that Customer when We received any Debt Schedule on which any such Protected Debt was included.

  • If You do You must give Us all information We ask for and the Credit Limit or Covered Limit You want.

  • If a Customer tries to pay a Protected Debt by a method (including a cheque) requiring presentation for payment and payment is refused on first presentation that Customer’s Covered Limit will automatically become as it was when We received the Debt Schedule on which that Protected Debt was included.

  • You must truthfully and accurately tell Us promptly everything You know or should know might influence Us in setting or continuing a Credit Limit or Covered Limit.

  • You must truthfully and accurately tell Us everything You know or should know might influence Us in setting or continuing a Credit Limit or Covered Limit.

  • If at any time Unpaid Debts created after this (and which Debts are the subject of an invoice which has been submitted to the Customer) exceed: that Customer’s Credit Limit, the excess amount will be Disapproved Debts; that Customer’s Covered Limit, the excess amount will not be Protected Debts but will be Disapproved Debts unless We indicate otherwise.

  • If a Customer tries to pay a Protected Debt by a method (including a cheque) requiring presentation for payment and payment is refused on first presentation that Xxxxxxxx’s Covered Limit will automatically become as it was when We received the Debt Schedule on which that Protected Debt was included.

Related to Covered Limit

  • Annual Limit means the maximum amount claimable per person in a calendar year, unless otherwise stated.

  • Positive beam limitation means the automatic or semi-automatic adjustment of an x-ray beam to the size of the selected image receptor, whereby exposures cannot be made without such adjustment.

  • Variable-aperture beam-limiting device means a beam-limiting device which has capacity for stepless adjustment of the x-ray field size at a given SID.

  • Applicable Share Limit means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding.

  • Beam-limiting device means a device which provides a means to restrict the dimensions of the x-ray field.

  • Daily bag limit as used in s. NR 19.275, means the maximum number of a turtle species or group of turtle species which may be taken by a person each day.