Common use of Liability of the Clause in Contracts

Liability of the. FHCF (1) The SBA shall reimburse the Company, with respect to each Covered Event commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to Article V(28), plus 5% of the reimbursed Losses for Loss Adjustment Expense Reimbursement, (2) The Reimbursement Percentage will be 45% or 75% or 90%, at the Company’s option as elected under Article XIX. FHCF-2017K 2 Rule 19-8.010 F.A.C.

Liability of the. FHCF (1) The SBA shall reimburse the Company, with respect to each Covered Event commencing during the Contract Year for the “Reimbursement Percentage” elected, this percentage times the amount of Ultimate Net Loss paid by the Company in excess of the Company’s Retention, as adjusted pursuant to Article V(28), plus 5% of the reimbursed Losses for Loss Adjustment Expense Reimbursement, . (2) The Reimbursement Percentage will be 45% or 75% or 90%, at the Company’s option as elected under Article XIX. FHCF-2017K 2 Rule 19-8.010 F.A.C.