Insurer Limit definition

Insurer Limit means, in respect of any relevant Eligible Buyer, the subsisting credit limit (if any) allowed or issued by the Insurer under the Policy and as may be set out in the Eligible Buyers Listing by the Bank from time to time, in each case as increased or reduced or to the extent not cancelled or removed pursuant to the terms of the Policy.
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Insurer Limit means the dollar amount by which the aggregate -------------- Adjusted Net Realizable Value of the Pledged Receivables related to a single Insurer (other than a Blue Cross or Blue Shield entity) exceeds the product of (i) without duplication, either (a) the concentration limit percentage as described in Table A below relating to the credit rating of such Insurer (published by A.M. Best & Company) or (b) the concentration limit percentage as described in Table B below relating to the credit rating of such Insurer (published by S&P) and (ii) the sum of the Adjusted Net Realizable Values of all Pledged Receivables which are Eligible Receivables. Table A (A.M. Best & Company): ------------------------------ Relating Category Percentage ----------------- ---------- A+ or higher 2.5% less than A+ but greater than B 2.0% B and below, unrated or uncategorized 1.0% Table B (S&P): -------------- Rating Category Percentage --------------- ---------- A+ or higher 5.0%
Sample 1
Insurer Limit means, in respect of any relevant Eligible Buyer, the subsisting credit limit (if any) allowed or issued by the Insurer under the Policy and as may be set out in the Eligible Buyers Listing by the Bank from time to time, in each case as increased or reduced or to the extent not cancelled or removed pursuant to the terms of the Policy. RESTRICTED
Sample 1

Examples of Insurer Limit in a sentence

  • PROFESSIONAL INDEMNITY INSURANCE Name of Insured Name of Insurer Limit of Indemnity i.r.o. Each Claim SBD 4 DECLARATION OF INTEREST Any legal person, including persons employed by the state¹, or persons having a kinship with persons employed by the state, including a blood relationship, may make an offer or offers in terms of this invitation to bid (includes an advertised competitive bid, a limited bid, a proposal or written price quotation).

  • The Company (a) represents and warrants that it is bonded and insured to the amounts set forth below: Type of Insurance Insurer Limit of Liability Deductible Errors & Omissions/Director & Officer Multiple Providers—lead: Berkshire Hathaway $5,000,000.00 $1,000,000.00 General Commercial Liability Multiple Providers—lead: Federal Insurance Company (Chubb) $2,000,000.00 Gen.

  • EXHIBIT E Material Contracts and Leases (ACS) Option to Purchase Real Estate (Deep Blue Enterprises, Inc.) EXHIBIT F Insurance Policies (ACS) Coverage Expiration Policy Insurer Limit Date ------ ------- --------- ------------- None.

  • Yes No If ‘Yes’, please provide details Name of Insurer Limit of Indemnity Excess Premium Renewal Date Retroactive date of current policy 29.

  • In the event of variance between the Credit Limit and the Insurer Limit, the Credit Limit shall take precedence for the purposes of this Agreement.

  • EXHIBIT F Insurance Policies (NRG) Coverage Expiration Policy Insurer Limit Date ------ ------- --------- ---------- Litigation (NRG) Case Name Case Number Disposition Description --------- ----------- ----------- ----------- None.

  • If no, please provide an explanation on a separate sheet.Yes No Current Insurer Limit Excess Premium 10.

  • List the primary and intermediate layers of insurance which will be underlying to the proposed excess insurance: Primary Insurance:ExpirationName of Insurer Limit of Liability Deductible Premium (Mo/Day/Yr) Intermediate Insurance (by layer):ExpirationName of Insurer Limit of Liability Premium (Mo/Day/Yr) xs xs xs Complete copies of the underlying policies must be furnished to Old Republic Professional Liability, Inc.

  • YES NOIf YES, please provide details: Name of Insurer Limit of indemnity Excess Premium Renewal Date Retroactive Date 16: Required InsurancePlease advise the limit of Indemnity now required together with your preferred excess.

  • Yes No If ‘Yes’, please provide details Name of Insurer Limit of Indemnity Excess Premium Renewal Date Retroactive date of current policy 24.


More Definitions of Insurer Limit

Insurer Limit means the dollar amount by which the aggregate ------------- Adjusted Net Realizable Value of the Pledged Receivables related to a single Insurer (other than a Blue Cross or Blue Shield entity) exceeds the product of (i) the concentration limit percentage as described in the table below relating to the credit rating of such Insurer (published by A.M. Best & Company) and (ii) the sum of the Adjusted Net Realizable Values of all Pledged Receivables which are Eligible Receivables. Rating Category Percentage --------------- ---------- A+ or higher 10.0% less than A+ but greater than B 2.0% B and below, unrated or uncategorized 1.0%
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Related to Insurer Limit

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Upper Limit means a specified maximum amount of costs which may be claimed under a Unit of Work, but which may be extended on application. An Upper Limit operates in the same way as a Costs Limitation;

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Certificate Insurer Default The existence and continuance of any of the following:

  • Annual Limit means the maximum amount claimable per person in a calendar year, unless otherwise stated.

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Plan Limit means the maximum aggregate number of Shares that may be issued for all purposes under the Plan as set forth in Section 5(a) of the Plan.

  • Bag limit means the maximum number of game animals, game

  • Insured Amount As defined in the Policy.

  • Sub-Limit Defined in the Fee and Pricing Letter, which definition is incorporated herein by reference.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Insurer Default means the occurrence and continuance of any of the following events:

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $9,706,461, in each case reduced by Special Hazard Losses allocated to the REMIC II Regular Interests since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $9,706,461 as reduced by the Special Hazard Losses allocated to the REMIC II Regular Interests since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance Policy).

  • Covered Amount means, for any Distribution Date with respect to the Controlled Accumulation Period or the first Special Payment Date, if such Special Payment Date occurs prior to the date the Class A Invested Amount is paid in full, an amount equal to the sum of (x) with respect to the Class A Certificates, the product of (i) the Class A Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and, (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class A Certificates and (y) with respect to the Class B Certificates, the product of (i) the Class B Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class B Certificates.

  • insurance period means a contribution period or an equivalent period;

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Adjusted Covered Debt Balance means, on any date, the aggregate Covered Debt Amount on such date minus the aggregate amount of Cash and Cash Equivalents included in the Portfolio Investments held by the Obligors (provided that Cash Collateral for outstanding Letters of Credit shall not be treated as a portion of the Portfolio Investments).

  • Fraud Loss Coverage Amount As of the Closing Date, $2,748,787, subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows: