Amount Covered Clause Samples
The "Amount Covered" clause defines the maximum financial limit or scope of coverage provided under an agreement, such as an insurance policy or indemnity contract. It specifies the highest amount the responsible party or insurer will pay in the event of a claim, loss, or liability, regardless of the total damages incurred. By clearly stating this cap, the clause helps both parties understand their potential financial exposure and prevents disputes over the extent of coverage, thereby ensuring predictability and managing risk.
Amount Covered. When filing a loan for enrollment, the Lender may specify an amount to be covered under the Program that is less than the total amount of the loan. Unless the context clearly requires otherwise, when used in this Agreement in connection with a loan or loans, the words “amount” and “proceeds” shall refer only to the amount covered under this Agreement.
Amount Covered. All claims are subject to the limits specified in your Personal Certificate.
Amount Covered. The amount covered under this Agreement shall be the Turnover, that is, the whole of the Insured Receivables coming into existence at any time during the Period of Cover and shall form the basis for calculation of amount of Premium payable by the Insured to the Insurer.
Amount Covered. When requesting to enroll a Loan under the Program, the Lender may specify a Loan amount to be covered under the Program that is less than the total amount of the Loan.
Amount Covered. The total amount covered payable shall not exceed the overall annual limit specified in Your Corporate Personal Certificate.
Amount Covered. In respect of Death or Permanent Total Disablement of the Cardholder, The Cardholder’s indebtedness as on the Date of Event subject to a maximum of Dhs.500,000/-.