Coverage Amount Sample Clauses
The Coverage Amount clause defines the maximum monetary limit that an insurance policy or agreement will pay out in the event of a covered claim. This clause specifies the total sum insured, which may apply per incident, per year, or over the entire policy term, depending on the agreement's structure. For example, a health insurance policy might set a $100,000 annual coverage amount, meaning the insurer will not pay more than this sum in a given year. The core function of this clause is to clearly establish the financial boundaries of the insurer's liability, thereby managing expectations and limiting risk for both parties.
Coverage Amount. 70% of the first $2,800 of the pre-disability monthly earnings and 50% of the pre-disability monthly earnings above $2,800 or 66-2/3% of the pre-disability monthly earnings, whichever is more.
Coverage Amount. Coverage Amount" has the meaning set forth in Section 2.6(a) of this Agreement.
Coverage Amount. If you are eligible for PayPal Buyer Protection under the terms of this Agreement and PayPal finds in your favor on your Claim, PayPal will reimburse you for the full purchase value paid by you, Paying User, for the acquisition of the item and original shipping costs.
Coverage Amount. In filing a loan for enrollment under the Pro- gram, the participating financial institution may specify an amount to be covered under the Program that is less than the full amount of the loan.
Coverage Amount. 12 Section 4.6 Employee Matters Agreement...................................12 Section 4.7 Environmental Actions........................................12 Section 4.8 Environmental Conditions.....................................12 Section 4.9 Environmental Laws...........................................13 Section 4.10 Hazardous Materials..........................................13 Section 4.11 Indemnitee...................................................13
Coverage Amount. The policies shall be issued by a company authorized to do business in the State of Oregon, protecting the Contractor or subcontractor or anyone directly or indirectly employed by either of them against liability for the loss or damage of personal and bodily injury, contractual liability, death and property damage, and any other losses or damages above mentioned with limits not less than as stated in subsection D below or the limit of public liability contained in ORS 30.260 to 30.300 for any policy, whichever is greater.
Coverage Amount. (a) Prior to the Lock-In Date, the Coverage Amount is equal to zero. The Certificate Owner may elect at any time on or after the earliest Lock-In Date to “Lock-In” the Coverage Amount. At the Lock-In Date, the Coverage Amount is calculated by multiplying the Coverage Base by the applicable Coverage Percentage shown on the Contract Data Pages. The Lock-In Date is affected by the Certificate Owner’s election on or after the minimum age shown on the Certificate Owner Coverage Percentages table on the Contract Data Pages to “Lock-In” the Coverage Amount.
(b) After the Lock-In Date but before the Insured Event, the Coverage Amount is calculated on each Certificate Anniversary. The Coverage Amount is the greater of: 1) the current Coverage Amount; or 2) the current value of the Covered Asset Pool on the Certificate Anniversary multiplied by the current Coverage Percentage as determined by the Annuitant’s attained age (or for a joint life Certificate, the age of the younger Spouse) on the Lock-In Date and the current 10-year United States Treasury Bond Yield. If the Certificate Owner’s Coverage Amount increases pursuant to 2, We will treat the increase as an automatic step-up. The Certificate Fee Percentages may be changed due to an automatic step-up of the Coverage Amount unless the Certificate Owner rejects the automatic step-up in accordance with section 3.4(b).
(c) The Coverage Amount is the maximum amount a Certificate Owner can withdraw each Certificate Year from the Covered Asset Pool without causing an Excess Withdrawal. If the Certificate Owner withdraws or transfers less than the Coverage Amount in a Certificate Year from his or her Covered Asset Pool, the unused portion cannot be carried over to the next Certificate Year.
(d) After the Insured Event, the Coverage Amount is the amount of the lifetime fixed annuity payments We will make to the Certificate Owner (or, for joint life coverage, the Certificate Owner’s surviving Spouse) each Certificate Year.
Coverage Amount. I am applying for coverage in the amount of (choose one):
Coverage Amount. EXHIBIT III Additional Disclosure Notification ▇▇▇▇▇ Fargo Bank, N.A. as [Securities Administrator and Master Servicer] ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Fax: (▇▇▇) ▇▇▇-▇▇▇▇ E-mail: ▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇ Attn: Corporate Trust Services - MSM 2006-17XS - SEC REPORT PROCESSING RE: **Additional Form [ ] Disclosure**Required Ladies and Gentlemen: In accordance with Section [31.03(d)][31.03(e)][31.03(f)] of the Sale and Servicing Agreement, dated as of [date], as amended by the Assignment, Assumption and Recognition Agreement dated as of December 1, 2006 among ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital I Inc., as Depositor, GMAC Mortgage, LLC, ▇▇▇▇▇ Fargo Bank, National Association, as Master Servicer, and LaSalle Bank National Association as Trustee. The Undersigned hereby notifies you that certain events have come to our attention that [will][may] need to be disclosed on Form [ ]. Description of Additional Form [ ] Disclosure: List of Any Attachments hereto to be included in the Additional Form [ ] Disclosure: Any inquiries related to this notification should be directed to [ ], phone number: [ ]; email address: [ ]. [NAME OF PARTY] as [role] By: __________________ Name: Title: EXHIBIT IV SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE The assessment of compliance to be delivered by [the Company] [Name of Subservicer] shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria"; --------------------------------------------------------------------------------------------------- Applicable Servicing Servicing Criteria Criteria --------------------------------------------------------------------------------------------------- Reference Criteria --------------------------------------------------------------------------------------------------- General Servicing Considerations --------------------------------------------------------------------------------------------------- Policies and procedures are instituted to monitor any performance or other triggers and events of default X 1122(d)(1)(i) in accordance with the transaction agreements. --------------------------------------------------------------------------------------------------- If any material servicing activities are outsourced to third parties, policies and procedures are X instituted to monitor the third party's performance 1122(d)(1)(ii) and compliance with such servicing activities. ---------------------------------------------------------...
Coverage Amount. An amount of Modified Funds From Operations per share for a fiscal quarter of the Company of fifteen cents ($0.15).