Insurance Amount definition
Examples of Insurance Amount in a sentence
FDIC deposit insurance covers the depositors of a failed FDIC insured depository institution dollar-for- dollar, principal plus any interest accrued, through the date of a bank failure, up to at least the then current Standard Maximum Deposit Insurance Amount, or “SMDIA,” as determined by the FDIC.
IBM Credit may modify the Product Financing Period set forth in Attachment A from time to time if on at least two occasions during any three-month period a Shortfall Amount has become due and payable and may modify the Collateral Insurance Amount set forth in Attachment A from time to time, in each case, by providing Customer with a new Attachment A.
Benefits payable under United States laws shall be based on the pro rata Primary Insurance Amount.
The minimum coverage under any such Required Insurance Policy shall be at least equal to the Required Insurance Amount as set forth on the Addendum.
Lender shall advance to Borrower for same from the Insurance Funds, within five (5) business days from the date Lender receives such Officer's Certificate, an amount equal to the Certified Insurance Amount.