Production Shortfall Indemnity Sample Clauses

Production Shortfall Indemnity. Agricorp will pay a production shortfall indemnity where, as a result of an insured peril, harvested production is less than the guaranteed production. The amount of indemnity payable will be determined in accordance with the provisions of the Contract including, but not limited to, all limitations on insurable acreage or insurable crops, deductibles, and any other restriction on the amount payable, and on the basis of the applicable coverage level.
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Production Shortfall Indemnity. Agricorp will pay a production shortfall indemnity where, as a result of an insured peril, harvested production is less than guaranteed production. The amount of indemnity payable will be determined in accordance with Part 1, this Part and any applicable Production Insurance Documents and shall take into account factors including, but not limited to, any limitations on insurable acreage or insurable crops, deductibles, and any other restriction on the amount payable, and on the basis of the applicable coverage level. With respect to seed corn, the Insured may purchase a separate production guarantee for each inbred cross of seed corn grown. If an insured peril reduces yield of one inbred cross of seed corn insured under this coverage to below the guaranteed production, Agricorp will pay a production shortfall indemnity on the difference in respect of that inbred cross, in accordance with Part 1, this Part and any Production Insurance Document applicable to the insured crop. The harvested production of one inbred cross will not offset the lower production from another inbred cross.
Sample 1
Production Shortfall Indemnity. Agricorp will pay a production shortfall indemnity where, as a result of an insured peril, extracted production of honey is less than guaranteed production. The amount of indemnity payable will be determined in accordance with the provisions of the Contract including, but not limited to, all limitations on insurable production per hive and total number of insured hives, deductibles, and any other restriction on the amount payable, and on the basis of the applicable coverage level.
Sample 1

Related to Production Shortfall Indemnity

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  • Taxes and Fees Imposed on Purchasing Party But Collected And Remitted By Providing Party 11.3.1 Taxes and fees imposed on the purchasing Party shall be borne by the purchasing Party, even if the obligation to collect and/or remit such taxes or fees is placed on the providing Party.

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