Common use of Liquidation criteria Clause in Contracts

Liquidation criteria. 3.1 - The Company shall indemnify the Insured Party who has to interrupt the stay for one of the events indicated below on condition that - the event was unforeseeable at the time of booking the stay - the interruption is determined by this event - it is objectively impossible for the insured person to continue the stay 3.2 - The Company shall reimburse the pro-rata of the unused stay according to the Table of Insured Capital referred to in art. 2.2 above (excluding travel documents and practical management and insurance costs) from the date of return. For the purpose of calculating the fee, it is specified that the day on which the return is made and the day initially planned for the return are considered as a single day. The Company indemnifies the days of stay on a pro rata temporis basis as follows: • In the event of death or hospitalization for more than 2 days of the Insured Party, a family member, the only Traveling Companion or the co-owner of the business activity In total form • In all other cases 90% of the amount due 3.3 - The Company shall reimburse the amount contractually due to the insured if already paid, or shall proceed with direct payment to the hotel if the amount is due but not yet paid, upon presentation of a regular penalty statement by the hotel itself. 3.4 - The Company will indemnify, on the basis of the criteria set out in point 3.2 above, the Insured and, provided they are insured and registered on the same file, their family members or (alternatively) only one of their travelling companions.

Liquidation criteria. 3.1 - The Company shall indemnify the Insured Party who has to interrupt the stay for one of the events indicated below on condition that - the event was unforeseeable at the time of booking the stay - the interruption is determined by this event - it is objectively impossible for the insured person to continue the stay 3.2 - The Company shall reimburse the pro-rata of the unused stay according to the Table of Insured Capital referred to in art. 2.2 1 above (excluding travel documents and practical management and insurance costs) from the date of return. For the purpose of calculating the fee, it is specified that the day on which the return is made and the day initially planned for the return are considered as a single day. The Company indemnifies the days of stay on a pro rata temporis basis as follows: • In the event of death or hospitalization for more than 2 days of the Insured Party, a family member, the only Traveling Companion or the co-owner of the business activity In total form • In all other cases 9075% of the amount due 3.3 - The Company shall reimburse the amount contractually due to the insured if already paid, or shall proceed with direct payment to the hotel if the amount is due but not yet paid, upon presentation of a regular penalty statement by the hotel itself. 3.4 - The Company will indemnify, on the basis of the criteria set out in point 3.2 above, the Insured and, provided they are insured and registered on the same file, their family members or (alternatively) only one of their travelling companions.