Maintenance Deductible definition

Maintenance Deductible means, as to any one Loss, that portion payable by the Member directly and not NPAIP or its excess insurers or reinsurers.
Sample 1Sample 2Sample 3
Maintenance Deductible means, as to any one Loss, that portion payable by the Member directly and not PACT or its excess insurers or reinsurers.
Sample 1
Maintenance Deductible. The amount paid by the “Member” before the loss is paid by the “Self Insured Retention.” This is a nominal amount designed to protect the “Loss Fund” from small claims. The “Maintenance Deductible” applies only to property, automobile physical damage and crime losses.”
Sample 1

Examples of Maintenance Deductible in a sentence

  • If two or more Maintenance Deductibles apply to a single loss/Event, then the largest Maintenance Deductible amount will apply.

  • Subject to the paragraph above, it is further understood and agreed that the most we will pay is the difference between the Specific Excess Insurance for Coverage III shown in the Limits of Insurance section of the Declarations and the underlying Self-Insured Retention shown in the Limits of Insurance section of the Declarations after the exhaustion of the aforesaid Corridor Retention Aggregate Limit which is in turn excess of the Self-Insured Retention and the applicable Maintenance Deductible, if any.

  • When the Corridor Retention Aggregate Limit is exhausted by payment of loss covered under Coverage Part III, our obligation to pay the insured begins in excess of the applicable Self- Insured Retention and Maintenance Deductible, if any, shown in the Declarations.

  • In the event of loss, damage or expense covered under Insuring Agreements A and B of Coverage Part III, the insured shall retain in addition to the amount of the applicable Maintenance Deductible, if any, shown on the Declarations, and the Self-Insured Retention for Coverage III shown in the Declarations; a Corridor Retention Aggregate Limit of $300,000 or the reduced amount of the Corridor Retention Aggregate Limit after erosion by covered losses.

  • We have no liability to pay you until such Corridor Retention amount, the applicable Self-Insured Retention and the Maintenance Deductible, if any, have been exhausted by the actual payment of loss to which this insurance applies.

  • MAINTENANCE DEDUCTIBLEPool will not be liable for loss or damage in any one loss/ Event until the amount of loss or damage exceeds the Maintenance Deductible amount shown on the declarations page of this Coverage Form.

  • Then to the Member, until the Member is reimbursed for that part of the loss equal to the Member Maintenance Deductible amount, if any.

  • A meeting was held with the State ITS Chief Information Officer (CIO), Jerry Fralick and an agreement was reached that the CPI process being prepared by UNC is compatible and synergistic with State ITS Bulk Purchasing.

  • SECTION D MEMBER MAINTENANCE DEDUCTIBLE The Member Maintenance Deductible for this COVERAGE PART II CRIME is $500.00 per occurrence as defined by the joint Government Crime Policy.

  • Upon exhaustion of the Aggregate Stop Loss cover will respond in excess of the $50,000 each and every loss Maintenance Deductible.

Related to Maintenance Deductible

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under §175A of the CAA, as amended.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Major maintenance means the adjustment, repair or replacement of a component or module that could affect the accuracy of a measurement.

  • Operation and Maintenance Costs means the costs of:

  • Maintenance Period means the period so specified in an adoption agreement as a period of time—

  • Maintenance Schedule means a document which describes the specific scheduled maintenance tasks and their frequency of completion necessary for the safe operation of those aircraft to which it applies;

  • Maintenance Outage means NERC Event Type MO, as set forth in attached Exhibit B, and includes any outage involving ten percent (10%) of the Facility’s Net Output that is not a Forced Outage or a Planned Outage.

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Yield Maintenance Period means the period from and including the date of this Note until but not including the Scheduled Initial Maturity Date.

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • Final Shared-Loss Recovery Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.