Courtesy Pay Coverage Limits Clause Samples

The Courtesy Pay Coverage Limits clause defines the maximum amount a financial institution will cover when a customer overdraws their account using courtesy pay services. Typically, this clause specifies a dollar limit up to which the institution will honor overdrafts, and may outline any conditions or exclusions, such as types of transactions that qualify or frequency of coverage. Its core function is to set clear boundaries on the institution’s liability, helping customers understand the extent of overdraft protection and preventing misunderstandings about available funds.
Courtesy Pay Coverage Limits. The Credit Union will establish a set amount in excess of the member’s account balance of which overdrafts may be paid. For each eligible account, this amount is $500. This means the Credit Union may cover transactions for over-drafted items up to $500, plus fees, beyond the account balance; however, due to the timing of pending and settling transactions, there may be times when an account goes negative beyond this amount. The limit will not be included in any “available” amount in the account balance. Over the counter transactions are ineligible. The Credit Union reserves the right to amend this program and will notify you of the changes asrequired.
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Related to Courtesy Pay Coverage Limits

  • Family Coverage The employee’s cost for family coverage will be nineteen and one-half percent (19.5%) of the family rate for the employee’s Base Medical Plan. If the employee chooses a plan other than the Base Medical Plan, the employee’s cost will be the standard employee’s family rate established for that plan (i.e. the rate applicable where it has not been modified to be a zone’s Base Medical Plan). The employer shall pay the rate over and above the employee’s cost for the Base Medical Plan.

  • Coverage Limits By requiring insurance, the State of Washington and DSHS do not represent that the coverage and limits required in this Contract will be adequate to protect the Contractor. Such coverage and limits shall not limit the Contractor’s liability in excess of the required coverage and limits, and shall not limit the Contractor’s liability under the indemnities and reimbursements granted to the State and DSHS in this Contract.

  • Primary Coverage Contractor’s insurance shall apply as primary and shall not seek contribution from any insurance or self-insurance maintained by, or provided to, the additional insureds listed above including, at a minimum, the State of Washington and/or any Purchaser. All insurance or self-insurance of the State of Washington and/or Purchasers shall be excess of any insurance provided by Contractor or subcontractors.

  • Disability Coverage In the event a State employee goes on an extended medical disability, or is receiving Workers’ Compensation benefits, the Employer-policyholder shall continue at no cost to the employee the coverage of the group life insurance for such employee for the period of such extended leave, but not beyond two (2) years.

  • General Liability Coverage The CONTRACTOR shall maintain commercial general liability insurance in an amount of not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury, and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit.