Common use of Coverage Termination Clause in Contracts

Coverage Termination. Coverage under the Policy ends at the earliest of: (i) the date the Account is cancelled or closed or ceases to be in Good Standing; (ii) the date the Cardholder ceases to be eligible for coverage; and (iii) the date the Policy terminates. No benefits will be paid under the Policy for losses incurred after coverage has terminated, unless otherwise specified or agreed.

Coverage Termination. Coverage under the Policy ends at the earliest of: (i) the date the Account is cancelled or closed or ceases to be in Good Standing; (ii) the date the Cardholder ceases to be eligible for coverage; and (iii) the date the Policy terminates. No benefits will be paid under the Policy for losses incurred after coverage has terminated, unless otherwise specified or agreedagree.