Examples of Specified Machinery in a sentence
Every Specified Machinery item is separately subject to this clause.
Blanket Machinery means all machinery at the Situation other than Specified Machinery and Excluded Machinery up to the amount stated as the Sum Insured Limit any one Breakdown in the Schedule.
Specified Machinery means Machinery shown in the Schedule as Specified Machinery up to the amount stated as the Sum Insured any one Breakdown in the Schedule.
Under-insurance If the Sum Insured for a Specified Machinery item is less than 80% of the value of the specified Machinery item at the Situation at the time of commencement of the Period of Insurance and there is a claim for Breakdown to Specified Machinery We will pay for no greater proportion of the claim that the Sum Insured bears to 80% of the reinstatement or replacement cost of the Specified Machinery on the day of commencement of the Period of Insurance.
Machinery means Blanket Machinery and/or Specified Machinery of the following defined types of machinery: 1.
Specified Machinery means Machinery shown in the Schedule as Specified Machinery up to the amount stated as the Sum Insured any one Breakdown in the Schedule.
Breakdown of an item or any part of an item of Machinery or Specified Machinery; and2.
Unsafe operation Cover will cease for any Specified Machinery, Unspecified Machinery or Additional Machinery which is Damaged and is operated without being repaired properly.
The incentive was availed of by PGI since January 1, 2014 for a period of five (5) years.On February 5, 2015, the Board of Directors (BOD) approved the increase in the authorized capital stock (ACS) of PGI from ₱2.5 billion to ₱3.7 billion at ₱1 par value per share.
Specified Machinery means Machinery shown in the Schedule as Specified Machinery.