Excess Coverage definition

Excess Coverage means that coverage afforded by commercial insurance or any pooling arrangement purchased by the Authority to cover losses in excess of the Authority’s own deductible, retained limit or self-insured retention.
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Excess Coverage means assurance for third party bodily injury and property damage costs that are above a specified level (i.e., above the primary coverage level or a limit of lower excess coverage) but up to a specified limit.
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Excess Coverage has the meaning given that term in Section 10.7.
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Examples of Excess Coverage in a sentence

  • Excess Coverage - the amount by which the Fidelity Coverage exceeds the amount of the combined Minimum Coverage Requirements of the Funds suffering Actual Loss.

  • Occupant expressly agrees that any insurance company providing Primary Coverage or Excess Coverage shall not be entitled to subrogate any claim of Occupant against Owner for any loss of or damage to Occupant's stored property.

  • If Owner has given Occupant written permission to store property that Occupant values at over $2,000, then Occupant, at Occupant's sole expense, shall maintain an insurance policy of fire, extended coverage endorsement, burglary, vandalism and malicious mischief insurance (from a third party insurer) for the actual cash value of the stored property that exceeds the $2,000 value ("Excess Coverage").

  • Excess Coverage- By requiring insurance herein, the State does not represent that coverage and limits will be adequate to protect the CONTRACTOR, and such coverages and limits will not limit CONTRACTOR’s liability under the indemnities and reimbursements granted to the State in this contract.

  • Company maintains the following insurance coverage for Company, its Restricted Subsidiaries (all of whom are named insureds) and for Bloomingdale LIFE TIME Fitness, L.L.C.: Property, Workers Compensation/Employers Liability, General Liability, Employee Benefits Liability, Professional Liability, Commercial Automobile, Employed Lawyers Liability, Technology Professional with Network and Privacy Liability, and Excess Coverage.


More Definitions of Excess Coverage

Excess Coverage means any amounts on deposit in the Collection Account which, if paid to the Borrower pursuant to Section 2.05(c)(xi) hereof, would not result in (a) an Asset Coverage Ratio of less than 103% or (b) cause the Net Revenue to be less than zero, as determined by the Valuation Agent.
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Excess Coverage means coverage provided as a secondary layer of insurance used in addition to and after the primary coverage limit is exhausted.
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Excess Coverage means the coverage provided by that certain policy no. 437-▇▇-▇▇ ▇▇sued by American International South Insurance Company to Seller provided coverage for the periods September 1, 2000 to September 1, 2001.
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Excess Coverage means insurance to cover unanticipated or catastrophic losses. Excess coverage can be specific excess, which begins paying when any single claim reaches the pre-established retention, or aggregate excess, which begins paying when the cumulative cost of all claims reaches the pre-established retention.
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Excess Coverage means, as of any date of calculation, the amount by which the sum of the value of (a) the Financed Student Loans (valued at par plus accrued and capitalized interest, including Special Allowance Payments and Interest Subsidy Payments) credited to the Acquisition Fund, other than Defaulted Student Loans which are not Guaranteed or Insured, and (b) all cash and Investment Securities held in the Funds and Accounts (valued as set forth herein or in a Supplemental Indenture, plus accrued interest, but excluding amounts irrevocably set aside to pay particular Notes pursuant to Section 13.01 hereof) shall exceed 102.5% (or such lesser percentage with a Credit Confirmation (or, for Notes not subject to a Credit Facility, a Rating Confirmation)) of the sum of the principal and accrued interest on all Outstanding Senior Notes as evidenced in a Certificate of an Authorized Representative to the Trustee, upon which the Trustee may conclusively rely.
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Excess Coverage means two layers of excess coverage of $20,000,000 under the Insurance Policy covering claims arising from events occurring (i) between January 1, 1985 and January 31, 1998 and (ii) between January 31, 1998 and January 31, 2005, respectively.
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Excess Coverage. This Policy shall provide excess coverage after exhaustion of the Underlying Limit. Exhaustion of the Underlying Limit shall occur by payment, in legal currency, of covered Loss by the insurer of an Underlying Policy, the Organization, or an Insured Person.
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