Examples of Residual Value Loss Amount in a sentence
It is hereby understood and agreed that all disputes or differences which may arise under or in connection with this Policy, whether arising before or after termination of this Policy, including any determination of the amount of the Insured Residual Value Loss Amount, shall be submitted to the American Arbitration Association under and in accordance with its then prevailing commercial arbitration rules.
For the avoidance of doubt, the Insurer will not be deemed to have accepted a Proof of Loss until it has determined that the Proof of Loss provides a complete and correct description of all amounts relevant to the calculation of the Residual Value Loss Amount and that the conditions set forth in Article 7.E of the Insurance Policy have been satisfied or will be satisfied concurrently with payment of the Residual Value Loss Amount.
No misrepresentations or breach of warranty made by the Insured on its behalf in the negotiation of this Policy, affects the Company's obligation under this Policy, unless the Company relies on it, and it is either (i) material or made with intent to deceive, or (ii) the facts misrepresented or falsely warranted materially contribute to the Insured Residual Value Loss Amount.
No failure of a condition under Section 5 of this Policy, or breach of a warranty, shall affect the Insurer's obligation under this Policy unless such failure or breach exists at the time of a claim being made for Insured Residual Value Loss Amount, and either (i) materially increases the risk to the Insurer at the time of the claim, or (ii) materially contributes to the Insured Residual Value Loss Amount.
For the avoidance of doubt, sale of the Collateral is not a condition precedent to the Insurer’s obligation to pay the Residual Value Loss Amount.
Form of Residual Value Insurance Policy In the event the Insured submits a Proof of Loss, the Insurer shall have the right to investigate, audit and otherwise verify any Insured Residual Value Loss Amount calculations.
As an authorized representative of the Insured, I hereby certify that an Insured Residual Value Loss Amount in the amount of US$___________ occurred from the period _________ __, to _____________ ___, .
Real Property (Real Estate) See CIR 3.1.7 Managed currencyA fund seeking to profit from considered investments in foreign exchange.EX8.
For the avoidance of doubt, upon the payment of the Residual Value Loss Amount as so determined in Article 7.C.1 of the Insurance Policy, the Named Insured will not submit any additional Collection Costs, and no further Collection Costs will be considered in connection with the Residual Value Loss Amount, nor will the Insurer be required to pay any further amounts to the Named Insured.
The Company shall indemnify the Insured for Insured Residual Value Loss Amount.