Coverage limitations definition

Coverage limitations primarily means Actual Cash Value coverage instead of Replacement Cost coverage, when appropriate. It could also apply, however, to the situation where only an amount to cover the loan balance is purchased which may be insufficient to cover the full insurable value of the property. The WYO Company will have to determine what limitations may apply depending on the decisions of the lender/servicer as to how it wants to use the MPPP and the amount of underwriting information obtained.
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Examples of Coverage limitations in a sentence

  • Refer to the Prescription Drug benefit sections in this Contract for information on Coverage, limitations and exclusions.

  • Coverage, limitations and exclusions of the foregoing Health and Welfare benefits for retirees are established and governed by the Employer’s service agreements with the respective insurance carriers, Plan Documents and Summary Plan Descriptions.

  • Coverage, limitations and exclusions of the foregoing Health Plan, Dental Plan, Life Insurance Plan, Disability Plan and Pension Plan are established by the Employer’s agreements with the insurance carriers, Service Agreements with providers or the Pension Plan documents.

  • Principal repaid during any Draw Period may be redrawn subject to the Minimum Collateral Coverage limitations.

  • Coverage, limitations and exclusions are governed by the Plan documents as amended from time to time.

  • Neither Agent nor Lender has been involved in the structuring, negotiation or implementation of the business of the Credit Parties or given any advice to the Credit Parties or any of the Credit Party’s business associates with respect to the Credit Parties structuring, negotiating, implementing and operating their respective businesses, and the Credit Parties have relied solely on the advice of their own counsel in structuring, negotiating, implementing and operating their respective businesses.

  • Coverage, limitations and exclusions of the Dependent Care are governed by the Employer's service agreements with the provider, the Plan Documents, and Summary Plan Descriptions.

  • Coverage limitations ⚫ $125 per day for a maximum of 50 days per calendar year for all eligible expenses combined; ⚫ Where an employer requires it, receipts must be submitted with the expense claim; ⚫ Where the eligible expenses exceed $125 per day for the year, but do not exceed the average of $125 per day for the year, the average will be paid.

  • Coverage limitations are measured from the date the engine is first placed in service or 12 months following delivery to the first retail purchaser, whichever occurs first.

  • Coverage limitations, deductibles, and other coverage terms shall be consistent with those provided for other State-owned property having comparable acreage, value, and risk of loss to the Site.

Related to Coverage limitations

  • Exclusions means that certain things are deliberately not covered in a particular policy type

  • Concentration Limitations Limitations satisfied on each Measurement Date on or after the Effective Date and during the Reinvestment Period if, in the aggregate, the Collateral Obligations owned (or in relation to a proposed purchase of a Collateral Obligation, owned and proposed to be owned) by the Issuer comply with all of the requirements set forth below (or in relation to a proposed purchase after the Effective Date, if any such requirement is not satisfied, the level of compliance with such requirement is maintained or improved after giving effect to the purchase), calculated in each case as required by Section 1.3 herein:

  • Acid rain emissions limitation means, as defined in 40 CFR 72.2*, a limitation on emissions of sulfur dioxide or nitrogen oxides under the acid rain program under Title IV of the Clean Air Act (CAA).

  • Average weekly discharge limitation means the highest allowable average of “daily discharges” over a calendar week, calculated as the sum of all “daily discharges” measured during a calendar week divided by the number of “daily discharges” measured during that week.

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.