Examples of Indemnity Event in a sentence
In a Currency Indemnity Event, the Issuer shall indemnify the recipient against the cost of making any such purchase.
If that Euro amount is less than Euro amount expressed to be due to the recipient under any Bond (a "Currency Indemnity Event"), the Issuer shall indemnify such recipient against any loss sustained by it as a result.
The issue of how much a PIP insured should be paid per mile for the use of his or her vehicle and, more specifically, whether the amount that Security National has chosen to pay to its insureds is reasonable within the meaning of F.S. § 627.736 is a factual determination that is appropriate for consideration by a jury just as in any other garden variety PIP lawsuit.
Buyer may, but shall not be obligated to, set off against any and all payments due Seller under this Agreement or any other agreement between the parties, any amount to which WCI, Buyer or any other Indemnitee is entitled to be indemnified hereunder with respect to any Indemnity Event.
No claim may be made pursuant to Section 7(a) with respect to a given Indemnity Event, unless either (i) the Negative Delta resulting from such event exceeds One Hundred Thousand Dollars (US$100,000), or (ii) such Negative Delta, when added to the Negative Delta resulting from earlier events as to which an indemnity pursuant to Section 7(a) has not been satisfied, exceeds Two Hundred Fifty Thousand Dollars (US$250,000).