Level of Indemnity definition

Level of Indemnity means the percentage of indemnity as specified in the Policy Schedule.
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Level of Indemnity means the percentage of indemnity as specified in Part I of the Schedule to this Policy.
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Level of Indemnity means the percentage of indemnity as specified in the Schedule to this Policy which is considered while arriving at the Sum Insured under the Policy.
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Examples of Level of Indemnity in a sentence

  • It is calculated as the moving average based on the past specified years average yield depending on the Crop multiplied by the Level of Indemnity.

  • Our Level of Indemnity is in excess of the SRA requirement of £3 million.

  • The value of the Threshold Yield of the Crop shall be calculated as under, Value of Threshold Yield = Threshold Yield x MSP (Minimum Support Price)Where, Threshold Yield = Insured Area x Average Yield x Level of Indemnity 5.

  • The fourth section gives information on the Military Family Services in the USA.

  • Conduct of SLCCCI meeting to March September decide for notification of Crops and Notified areas, limits of Sum Insured, and adoption of Level of Indemnity etc.

  • Presently Guaranteed Yield, based on which the indemnities are calculated is moving average yield of preceding three years for rice and wheat and five years for other crops, multiplied by the Level of Indemnity.

  • The crops for which, MSP is not declared, market price support established by the marketing department / board shall be adopted.In case of Non – Loanee FarmersSum Insured would be equal to the Value of Threshold yield of the insured CropValue of Threshold yield = Notional Threshold Yield x Level of Indemnity x Minimum Support Price (MSP) of the current yearHowever, on payment of additional premium, the Insured farmer can opt for with higher coverage.

  • Where value of the threshold yield is lower than the loan amount per unit area, the higher of the two is the Sum Insured, where value of Threshold Yield is as defined below.Value of Threshold yield = Notional Threshold Yield x Level of Indemnity x Minimum Support Price (MSP) of the current yearWherever Current year’s MSP is not available, MSP of previous year shall be adopted.


More Definitions of Level of Indemnity

Level of Indemnity means the percentage of indemnity as specified in the Schedule to this Policy which is considered for arriving the Threshold yield.
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Related to Level of Indemnity

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Indemnity means the payment of an amount to offset all or part of an insured loss.

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Environmental Indemnity means that certain Environmental Indemnity Agreement, dated as of the date hereof, executed by Borrower and Borrower Principal in connection with the Loan for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Defects Liability Certificate means the certificate issued by Architect upon correction of defects by the Contractor.

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Environmental Indemnity Agreement means the Environmental Indemnity Agreement dated as of the Closing Date, from Borrower and the Guarantor, collectively, as indemnitor, to Lender, as indemnitee, as the same may be amended, modified or supplemented from time to time.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Indemnity Agreement means that certain Indemnity Agreement dated as of the Closing Date by Borrower and Indemnitor in favor of Lender.

  • Tax Representations Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is accurate and true.