Available for payment definition

Available for payment means the amount of liability insurance coverage applicable to the claim of
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Available for payment means the amount of liability insurance coverage applicable to the claim of the injured person for bodily injury or property damage reduced by the payment of any other claims arising out of the same occurrence.
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Available for payment as used in this Paragraph (D.) means the amount of liability coverage applicable to the claim of the “insured” as reduced by the payment of any other claims arising out of the same occurrence. However, “underinsured motor vehicle” does not include any vehicle or equipment to which a bodily injury or property damage liability bond or policy applies at the time of the accident but the bonding or insuring company:
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Examples of Available for payment in a sentence

  • This option is available in order to check the Western Union transfers performed via the Internet Banking application.Enter the MTCN code and then click the “Search” button - the application will return the answer depending on the status of the transfer: Available for payment, Paid, The transaction has not been identified - if the code has already been used or is incorrect.

  • Express Mail Corporate Account Incentives – Available for payment through an Express Mail Corporate Account and use of approved software for mail preparation and Customs-related functions.

  • Permit Imprint Incentives – Available for payment by permit imprint and use of approved software for mail preparation and Customs-related functions.


More Definitions of Available for payment

Available for payment as used in this endorsement means the liability coverage applicable to the claim of the "insured" as reduced by the payment of any other claims arising out of the same occurrence.
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Available for payment means the amount of uninsured motorist insurance coverage applicable to the
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Related to Available for payment

  • Available Funds Shortfall means, for any Payment Date and the related Collection Period, the positive difference, if any, of (i) the amount necessary to make all distributions required to be made pursuant to clauses (i) through (iv) of Section 2.08 over (ii) Collections on deposit in the Collection Account, to the extent received during or in respect of such Collection Period.

  • Distributions means amounts payable in respect of the Trust Securities as provided in Section 4.1.

  • Available Funds With respect to any Distribution Date and the Mortgage Loans to the extent received by the Master Servicer (x) the sum of (i) all scheduled installments of interest (net of the related Expense Fees) and principal due on the Due Date on such Mortgage Loans in the related Due Period and received by the Servicer on or prior to the related Determination Date, together with any P&I Advances in respect thereof; (ii) all Condemnation Proceeds, Insurance Proceeds, Liquidation Proceeds and Subsequent Recoveries received by the Servicer during the related Prepayment Period (in each case, net of unreimbursed expenses incurred in connection with a liquidation or foreclosure and unreimbursed Advances, if any); (iii) all partial or full prepayments on the Mortgage Loans received by the Servicer during the related Prepayment Period together with all Compensating Interest paid by the Servicer in connection therewith (excluding any Prepayment Charges); (iv) all Substitution Adjustment Amounts with respect to the substitutions of Mortgage Loans that occur on or prior to the related Determination Date; (v) all amounts received with respect to such Distribution Date as the Repurchase Price in respect of a Mortgage Loan repurchased by the Mortgage Loan Seller or the Sponsor on or prior to the related Determination Date; and (vi) the proceeds with respect to the termination of the Trust Fund pursuant to clause (a) of Section 11.01; reduced by (y) amounts in reimbursement for Advances previously made with respect to the Mortgage Loans and other amounts as to which the Servicer, the Depositor, the Master Servicer, the Securities Administrator or the Trustee are entitled to be paid or reimbursed pursuant to this Agreement.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending September 30, 2006).

  • Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.