Examples of Insurable Event in a sentence
Further, to the extent any insurance payment for an Insurable Event is received after the Closing by Parent, and not by the Company or its Subsidiaries, Parent shall promptly remit such payment to Buyer.
If during one Insurable Event are established injures to several structures, which are indicated in one paragraph of a clause, the percentage of the Insurance Indemnity shall ont be summed up unless indicated otherwise.
I.9. In case of fracture/dislocations of bones, damage to soft tissues, muscles, tendons, ligaments are damaged as a result of a single Insurable Event, the Insurance Indemnity shall be paid in accordance with a single Clause which refers to the most serious injury and the maximum Insurance Indemnity.
If such notice is given within the forty-eight (48) hour period or six (6) hour period as required by Section 14.1.1, then unless the provisions of Section 14.2 apply, the affected Party shall be excused from such failure or delay pursuant from the date of commencement of the relevant event provided that no Insurable Event or Non-Insurable Event shall excuse the late payment of money when due.
I.4. If the Insurable Event causes the incurable loss of the Insured’s organ (a function thereof) whose part (or part of the function thereof) has been lost already before the Insurable Event, the percentage of the Insurance Indemnity payable in such case shall be reduced considering the loss of organ part (or part of function thereof) that existed before the Insurable Event.