Dollar Excess definition

Dollar Excess means the amount specified in the Schedule that You shall first contribute towards each claim, arising out of the one occurrence.
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Examples of Dollar Excess in a sentence

  • In addition, at the option of the Buyer only, Buyer may elect, by written notice to Sellers, to reduce the principal amount of the Buyer’s Note and/or the One Million Dollar Excess Inventory Note to recover any amounts due to Buyer or its Affiliates as a result of a payment default by the purchaser under the Banana Purchase Agreement or the Pineapple Purchase Agreement.

  • At the option of either Sellers or Buyer, Sellers’ indemnity obligation under this §7 may be satisfied, in whole or in part, by notifying Buyer, in case Sellers exercise their option, or Sellers, in case Buyer exercises its option, that the party exercising its option is reducing the principal amount outstanding under the Buyer’s Note and/or the One Million Dollar Excess Inventory Note.

  • Any installment payment under the Buyer’s Note and/or the One Million Dollar Excess Inventory Note, which shall come due prior to the resolution of such dispute, shall be paid by Buyer and deposited in an escrow account pursuant to an escrow agreement (the “Escrow Agreement”), substantially in the form of Exhibit 46 attached hereto for application consistent with the terms thereof.

  • Any reduction in the principal amount of the Buyer’s Note and/or the One Million Dollar Excess Inventory Note resulting from the recoupment or setoff to which either Sellers or Buyer is entitled under this Agreement shall be applied to reduce the next installment(s) of principal and interest coming due thereunder.

Related to Dollar Excess

  • Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

  • U.S. Dollar Equivalent means with respect to any monetary amount in a currency other than U.S. dollars, at any time for determination thereof, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the spot rate for the purchase of U.S. dollars with the applicable foreign currency as published in The Wall Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two Business Days prior to such determination.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;