Shared Limit definition

Shared Limit means the Credit Limit which you have elected to be shared by all Cardholders, without assigning any specific Sub-Limit to any Cardholder, provided that the total amount incurred by all Cardholders does not exceed the Credit Limit at any time.
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Shared Limit means the Credit Limit which you have elected to be shared by all Cardmembers, without assigning any specific Sub-Limit to any Cardmember, provided that the total amount incurred by all Cardmembers does not exceed the Credit Limit at any time.
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Shared Limit means the Company’s maximum liability for all Claims for all Shared Coverages set forth in ITEM 8 of the Declarations.
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Examples of Shared Limit in a sentence

  • Unless specifically stated otherwise, the insurance provided under this policy shall apply only as excess over any other valid and collectible insurance, unless such other insurance is written as specific excess insurance over the Aggregate Limit of Liability or Shared Limit of Liability provided by this policy.

  • Any such Shared Limit of Liability shall be part of, and not in addition to, the Policy Aggregate Limit of Liability stated in ITEM 4 of the Declarations and shall in no way serve to increase such Policy Aggregate Limit of Liability.

  • Requesting Individual MedPro RRG Risk Retention Group coverage.B. Current Individual MedPro RRG Risk Retention Group insured.C. Applying for coverage elsewhere or covered elsewhere.D. Shared Limit Coverage with entity for Healthcare Professionals, other than physicians or dentists, with MedPro RRG Risk Retention Group.E. Other.

  • If Entity coverage is provided, it will include Allied Health Care Professionals, other than physicians or dentists, as Additional Insureds as defined by the Shared Limit Additional Insured Endorsement.

  • The Shared Limit of Liability is a sublimit of and erodes the Policy Year Aggregate Limit of Liability set forth in Item 3.

  • The Additional Defense Limit of Liability will be in addition to, and not part of, such Liability Coverage’s applicable Liability Coverage Limit of Liability or Liability Coverage Shared Limit of Liability, if applicable.

  • If ITEM 5 of the Declarations indicates that coverage for Supplemental Personal Indemnification Coverage has been purchased, and if the Liability Coverage Limit of Liability under this Liability Coverage or a Liability Coverage Shared Limit of Liability, if applicable, has been exhausted, the Company will provide the Insured Persons with an additional Supplemental Personal Indemnification Limit of Liability under Insuring Agreement A.

  • Such Supplemental Personal Indemnification Limit of Liability will not exceed the amount set forth in ITEM 5 of the Declarations, which amount is in addition to and not part of the Liability Coverage Limit of Liability or Liability Coverage Shared Limit of Liability, if applicable.

  • The Insurer shall not, however, be obligated to defend any Claim after the Policy Aggregate or any applicable Separate Limit of Liability or Shared Limit of Liability has been exhausted.

  • This sharing is an important aspect of ensuring that parties involved with the identification of, the excavation around, and the general protection of underground facilities have adequate information to protect underground infrastructures.


More Definitions of Shared Limit

Shared Limit means the Credit Limit which you have elected to be shared by all Card members, without assigning any specific Sub-Limit to any Card member, provided that the total amount incurred by all Card members does not exceed the Credit Limit at any time.
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Related to Shared Limit

  • Cumulative Shared-Loss Payments means (i) the aggregate of all of the payments made or payable to the Assuming Bank under the Shared-Loss Agreements minus (ii) the aggregate of all of the payments made or payable to the Receiver under the Shared-Loss Agreements.

  • Cumulative Shared-Loss Amount means the excess, if any, of the Cumulative Loss Amount over the First Loss Tranche.

  • Priority Amount As to any Distribution Date, the amount equal to the sum of (i) the product of (A) the Scheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage and (ii) the product of (A) the Unscheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage.

  • Shared-Loss Amount has the meaning provided in Section 2.1(b)(i) of this Commercial Shared-Loss Agreement.

  • Single Family Shared-Loss Loans means the single family one-to-four residential mortgage loans (whether owned by the Assuming Bank or any Subsidiary) identified on Schedule 4.15A of the Purchase and Assumption Agreement.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • New Shared-Loss Loans means loans that would otherwise be subject to loss sharing under this Commercial Shared-Loss Agreement that were originated after the Bid Valuation Date and before Bank Closing.

  • Cumulative Net Losses means, as of any date of determination, the aggregate cumulative principal amount of all Receivables that have become Liquidated Receivables since the Initial Cutoff Date, net of all Net Liquidation Proceeds and Recoveries with respect to such Receivables as of last day of the most recently ended Collection Period.

  • Cumulative Excess Cash Flow means the amount equal to the sum of Excess Cash Flow (but not less than zero for any Fiscal Year) for the Fiscal Year ending on December 31, 2022 and Excess Cash Flow (but not less than zero in any Fiscal Year) for each succeeding and completed Fiscal Year.

  • Nominal Liquidation Amount means, notwithstanding anything to the contrary in the Indenture Supplement, with respect to the Class C(2020-4) Notes:

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • Class A Investor Charge-Off shall have the meaning specified in Section 4.6(a).

  • Priority Return means a 6% cumulative, non-compounded, pre-tax annual return (based on a 365-day year).

  • Single Family Shared-Loss Loan means a single family one-to-four owner- occupied residential mortgage loan, excluding Home Equity Loans, that is secured by a mortgage on a one-to four family residence or stock of a cooperative housing association.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Initial Bankruptcy Loss Coverage Amount $226,715.

  • Second Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(E).

  • Cumulative Insurance Payments As defined in the Series Supplement.

  • Cumulative Retained Excess Cash Flow Amount means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for all Excess Cash Flow Periods ending after the Closing Date and prior to such date.

  • Senior Reduction Amount With respect to any Payment Date is either:

  • First Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(D).

  • Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.

  • Class B Investor Charge-Offs shall have the meaning specified in subsection 4.06(b).

  • Class A Investor Charge-Offs shall have the meaning specified in subsection 4.06(a).

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Shared Loss Loan means a Single Family Shared-Loss Loan, Investor-Owned Residential Loan, Restructured Loan or Home Equity Loan, and any Commitment with respect to those loans.