Excess Coverage definition

Excess Coverage means that coverage afforded by commercial insurance or any pooling arrangement purchased by the Authority to cover losses in excess of the Authority’s own deductible, retained limit or self-insured retention.

Excess Coverage means assurance for third party bodily injury and property damage costs that are above a specified level (i.e., above the primary coverage level or a limit of lower excess coverage) but up to a specified limit.

Excess Coverage means any amounts on deposit in the Collection Account which, if paid to the Borrower pursuant to Section 2.05(c)(xi) hereof, would not result in (a) an Asset Coverage Ratio of less than 103% or (b) cause the Net Revenue to be less than zero, as determined by the Valuation Agent.

Examples of Excess Coverage in a sentence

• Excess Coverage - the amount by which the Fidelity Coverage exceeds the amount of the combined Minimum Coverage Requirements of the Funds suffering Actual Loss.

• If an insurer is not admitted, all insurance policies and procedures for issuing the insurance policies must comply with Chapter 48.15 RCW and 284-15 WAC.• Excess Coverage.

• Any combination of General Liability and Excess Coverage can be combined to meet the Aggregate.

• When the Company requires a Pilot to deadhead, the Pilot will be booked on a positive space basis.

• If Owner has given Occupant written permission to store property that Occupant values at over $2,000, then Occupant, at Occupant's sole expense, shall maintain an insurance policy of fire, extended coverage endorsement, burglary, vandalism and malicious mischief insurance (from a third party insurer) for the actual cash value of the stored property that exceeds the $2,000 value ("Excess Coverage").

More Definitions of Excess Coverage

Excess Coverage has the meaning given that term in Section 10.7.

Excess Coverage means coverage provided as a secondary layer of insurance used in addition to and after the primary coverage limit is exhausted.

Excess Coverage means insurance to cover unanticipated or catastrophic losses. Excess coverage can be specific excess, which begins paying when any single claim reaches the pre-established retention, or aggregate excess, which begins paying when the cumulative cost of all claims reaches the pre-established retention.

Excess Coverage means two layers of excess coverage of $20,000,000 under the Insurance Policy covering claims arising from events occurring (i) between January 1, 1985 and January 31, 1998 and (ii) between January 31, 1998 and January 31, 2005, respectively.

Excess Coverage means, as of any date of calculation, the amount by which the sum of the value of (a) the Financed Student Loans (valued at par plus accrued and capitalized interest, including Special Allowance Payments and Interest Subsidy Payments) credited to the Acquisition Fund, other than Defaulted Student Loans which are not Guaranteed or Insured, and (b) all cash and Investment Securities held in the Funds and Accounts (valued as set forth herein or in a Supplemental Indenture, plus accrued interest, but excluding amounts irrevocably set aside to pay particular Notes pursuant to Section 13.01 hereof) shall exceed 102.5% (or such lesser percentage with a Credit Confirmation (or, for Notes not subject to a Credit Facility, a Rating Confirmation)) of the sum of the principal and accrued interest on all Outstanding Senior Notes as evidenced in a Certificate of an Authorized Representative to the Trustee, upon which the Trustee may conclusively rely.

Excess Coverage. The limits of all insurance required to be provided by the Contractor shall be no less than the minimum amounts specified. However, coverage in the amounts of these minimum limits shall not be construed to relieve the Contractor from liability in excess of such limits.

Excess Coverage. This Policy shall provide excess coverage after exhaustion of the Underlying Limit. Exhaustion of the Underlying Limit shall occur by payment, in legal currency, of covered Loss by the insurer of an Underlying Policy, the Organization, or an Insured Person.