FIFO Basis definition
FIFO Basis means, with respect to the payment of Unrelated Claims pursuant to the same Shared Policy, the payment in full of each successful claim (regardless of whether a ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Insured Party or a Discover Insured Party is the claimant) in the order in which such successful claim is approved by the insurance carrier, until the limit of the applicable Shared Policy is met.
FIFO Basis means, with respect to the payment of Unrelated Claims pursuant to the same Shared Policy, the payment in full of each successful claim (regardless of whether a Kimball International Insured Party or a Kimball Electronics Insured Party is the claimant) in the order in which such successful claim is approved by the insurance carrier, until the limit of the applicable Shared Policy is met.
FIFO Basis means, with respect to the payment of Unrelated Claims pursuant to the same ADP insurance policy, the payment in full of each successful claim (regardless of whether ADP or Dealer is the claimant) in the order in which such successful claim is approved by the insurance carrier, until the limit of the applicable ADP insurance policy is met.
Examples of FIFO Basis in a sentence
In the event that an insurance policy aggregate is exhausted, or believed likely to be exhausted, due to noticed claims, the insurance proceeds available under such policy relating to Unrelated Claims shall be paid to the Oil States Group and/or the Civeo Group, as applicable, on a FIFO Basis.
Without prejudice to Section 6.8 (i)(a), in case of storage of ATF for more than 360 Hrs (on FIFO Basis) the Supplier shall be liable to pay MAFFFL storage holding charges @ of INR 500 per KL / day.
More Definitions of FIFO Basis
FIFO Basis means, with respect to the payment of Unrelated Claims pursuant to the same Belo insurance policy, the payment in full of each successful claim (regardless of whether Belo or Newspaper Holdco is the claimant) in the order in which such successful claim is approved by the insurance carrier, until the limit of the applicable Belo insurance policy is met, except with respect to the Circulation Litigation, which shall be governed by Section 5.06.
FIFO Basis means a determination made on a first-in, first-out basis in accordance with GAAP.
FIFO Basis means, with respect to the payment of Unrelated Claims pursuant to the same Belo insurance policy, the payment in full of each successful claim (regardless of whether Belo or Newspaper Holdco is the claimant) in the order in which such successful claim is approved by the insurance carrier, until the limit of the applicable Belo insurance policy is met, except with respect to the Circulation Litigation, which shall be governed by
FIFO Basis means, with respect to the payment of Unrelated Claims pursuant to the same Games insurance policy, the payment in full of each successful claim (regardless of whether Games or Lottery is the claimant) in the order in which such successful claim is approved by the insurance carrier, until the limit of the applicable Games insurance policy is met.