Minimum Coverage definition
Examples of Minimum 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.
Minimum Coverage Requirement - the minimum amount of insurance coverage required to be maintained on a current basis by each of the Funds, such amount being based upon their respective gross assets and being determined as of the close of the most recent fiscal quarter in accordance with the table set forth in paragraph (d) of Rule 17g-1 as it may from time to time be amended by the Securities and Exchange Commission.
If (i) the amount of Actual Loss suffered by any Fund is less than or equal to its Minimum Coverage Requirement, (ii) the amount of Actual Loss of the other Funds exceeds its or their Minimum Coverage Requirement(s) and (iii) the amount of the combined Actual Losses of the Funds exceeds the Fidelity Coverage, then any Fund which has suffered an amount of Actual Loss less than or equal to its Minimum Coverage Requirement shall be entitled to recover its Actual Loss.
Exhibit B – Minimum Insurance Coverages and Minimum Coverage Amounts 4.
Minimum Coverage Limit required (not deductible amount): $1,000,000 Each Claim, $2,000,000 Aggregate.
Commercial Automobile Liability: • Minimum Coverage is $1,000,000.
Such policies shall comply with the following minimum requirements: Minimum Coverage.
Minimum Coverage & Limits: all insurance must include coverage for hull, P&l (Protection & Indemnity) and fuel or oil spills and must explicitly state that coverage complies with the Federal Oil Pollution Act.
The proposed term of insurance coverage at his Effective Date of Coverage shall not be less than the Minimum Coverage Term or more than the Maximum Coverage Term as defined in the Policy Schedule attached hereto.
The Minimum Coverage Requirements set forth the minimum limits of insurance the Cooperator may purchase to enter into a contract with DNR.