APH Clause Samples

The APH (Actual Production History) clause establishes a method for determining the insured yield or production level based on historical production records. In practice, this clause requires the insured party to provide documented evidence of past crop yields over a specified period, which is then used to calculate insurance coverage and potential indemnity payments. By relying on actual historical data, the APH clause ensures that insurance coverage accurately reflects the producer's typical output, thereby promoting fairness and reducing the risk of over- or under-insurance.
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APH. APH shall be in default if APH defaults in any of its obligations under this Agreement, and such default continues for fourteen (14) days after APH has been notified of such default in writing. Upon APH’s uncured default, BLADE may declare this Agreement ended and terminated. BLADE shall have, in addition to the remedy set forth herein, any other right or remedy available to BLADE as a result of APH’s default.
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