Maximum Indemnity Period definition

Maximum Indemnity Period means the Maximum Indemnity Period stated in the Schedule.
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Maximum Indemnity Period means maximum duration of the indemnity period covered by the business interruption insurance; it shall be set out in the policy.
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Maximum Indemnity Period means 12 months
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Examples of Maximum Indemnity Period in a sentence

  • The period beginning with the occurrence of loss destruction or damage and ending not later than the Maximum Indemnity Period thereafter during which the results of the Business shall be affected in consequence thereof.

  • If at the time of the Damage the Sum Insured is less than the sum produced by applying the Rate of Gross Profit to the Annual Turnover (proportionately increased where the Maximum Indemnity Period exceeds twelve months), You will be responsible for the difference and bear a proportionate share of the loss.

  • Indemnity Period shall mean the period from the date of the Damage for which the Company shall be liable to pay any loss and the Maximum Indemnity Period shall be thirty six (36) months; and2.

  • Indemnity PeriodThe period beginning with the date of Damage and lasting for the period during which Your Business is affected as a result of the Damage, but not longer than the Maximum Indemnity Period shown in the Schedule.

  • Maximum Indemnity Period The number of months stated in the Schedule unless amended elsewhere in this Section.

  • Indemnity PeriodThe period beginning with the occurrence of the Damage and ending not later than the Maximum Indemnity Period during which the Rent receivable is affected as a result of the Damage.

  • If at the time of the Damage any Buildings referred to in the Schedule have been newly leased since commencement of the Period of Insurance but no Sum Insured for Loss of Rent has been allocated to the new tenancy, the insurance extends to include such Rent for a total sum not exceeding £500,000 per annum for a Maximum Indemnity Period of three years for all losses or series of losses arising directly from the same originating cause.

  • For the purpose of this cover the Maximum Indemnity Period is restated as 3 months.Our liability will not exceed £50,000 any one occurrence.

  • Indemnity Period means the period of time during which interruption or interference to the Insured’s Business occurs as a consequence of the Covered Event beginning with the occurrence of the Covered Event and ending not later than the end of the Maximum Indemnity Period thereafter.

  • Premises applied; and ending not later than the Maximum Indemnity Period thereafter shown below.


More Definitions of Maximum Indemnity Period

Maximum Indemnity Period means the period specified in the Schedule.
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Maximum Indemnity Period means the maximum indemnity period(s) as specified in the POLICY SCHEDULE (or elsewhere herein)
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Related to Maximum Indemnity Period

  • Indemnity Period means the period during which the results of the business are affected resulting from the occurrence beginning with the date of the accident causing injury but not exceeding the maximum indemnity period

  • Indemnification Threshold has the meaning set forth in Section 11.5.

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

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or as an officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or as an officer of the Corporation.

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Defects Liability Period (Warranty Period) means the period stated in the Schedule A Special Stipulations, following the taking over, during which the Contractor is responsible for making good defects and damage in accordance with Clause 15.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • 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

  • Company Indemnified Party has meaning set forth in Section 8(b) hereof.

  • Company Indemnified Parties has the meaning specified in Section 7.8(a).

  • Buyer Indemnified Party has the meaning set forth in Section 8.2.

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Parent Indemnified Parties has the meaning set forth in Section 9.2(a).

  • Survival Period has the meaning set forth in Section 11.1.

  • Buyer Indemnified Parties has the meaning set forth in Section 8.2.

  • Indemnified Amount has the meaning set forth in Section 8.01.

  • Seller Indemnified Party has the meaning set forth in Section 7.2.

  • Aggregate Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Company Indemnified Person means (a) any Administrator; (b) any Affiliate of any Administrator; (c) any officers, directors, shareholders, members, partners, employees, representatives or agents of any Administrator; or (d) any officer, employee or agent of the Trust or its Affiliates.

  • Seller Indemnified Parties has the meaning set forth in Section 8.1.

  • 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.

  • Purchaser Indemnified Party shall have the meaning set forth in Section 9.1(a).