Aggregate Claim Limit definition

Aggregate Claim Limit. The maximum amount We will pay for all claims during the term of this Agreement is $5,000. • If You Meet or Exceed the Aggregate Limit: We will be responsible for informing You, at the time of the claim, if You have reached the Aggregate Claim Limit. In the event You reach the Aggregate Claim Limit and the Covered Product requires additional repairs, We will provide You with information on how get the Covered Product repaired, however, We will not be responsible for any costs related to these repairs. If You make a claim and the cost to repair or replace Your Covered Product will exceed the remaining balance of Your Aggregate Claim Limit, We will complete the final repair or replacement of Your Covered Product, after which this Agreement will terminate. Upon replacement, there is no longer any obligation for the replaced product under this Agreement. SERVICE COSTS, TRIP CHARGES, BREAKDOWN CHARGES, INSPECTION FEES, DIAGNOSTIC FEES OR ESTIMATE CHARGES FOR REPAIRS NOT COVERED UNDER THIS AGREEMENT ARE YOUR RESPONSIBILITY.
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Aggregate Claim Limit. The maximum amount We will pay for all claims made in any twelve (12) month rolling period is $5,000.00. The twelve (12) month rolling period begins on the date of Your first claim. If You reach the $5,000 aggregate claim limit, this Agreement will be cancelled. • If You Meet or Exceed the Aggregate Limit: In the event You reach the aggregate claim limit and the Covered Product requires additional repairs, We may be able to provide You with information on how to get the Covered Product repaired, however, We will not be responsible for any costs related to these repairs. In such an event, Your Agreement will terminate, and no future monthly charges will be due. A covered claim will apply to Your aggregate claim limit for twelve (12) months after the claim is completed, at which point that claim will roll off Your account and that claim, or the associated costs will be added back to Your available aggregate claim limit balance. Upon replacement, there is no longer any obligation for the replaced product under this Agreement. SERVICE COSTS, TRIP CHARGES, BREAKDOWN CHARGES, INSPECTION FEES, DIAGNOSTIC FEES OR ESTIMATE CHARGES FOR REPAIRS NOT COVERED UNDER THIS AGREEMENT ARE YOUR RESPONSIBILITY.
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Aggregate Claim Limit. The maximum amount We will pay for all claims made in any twelve (12) month rolling period is $5,000.00. The twelve (12) month rolling period begins on the date of Your first claim. If You reach the $5,000 aggregate claim limit, this Agreement will be cancelled. • If You Meet or Exceed the Aggregate Limit: In the event You reach the aggregate claim limit and the Covered Product requires additional repairs, We may be able to provide You with information on how to get the Covered Product repaired, however, We will not be responsible for any costs related to these repairs. In such an event, Your Agreement will terminate, and no future monthly charges will be due. A covered claim will apply to Your aggregate claim limit for twelve
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Examples of Aggregate Claim Limit in a sentence

  • In the aggregate, the total amount We will pay for ALL Claims pursuant to this Service Contract shall not exceed the Aggregate Claim Limit shown on the Confirmation Page.

  • The amount of any payment in lieu of repair or replacement will not exceed the available balance of funds under the Aggregate Claim Limit.

  • Only dead and dying trees would have any elevated potential to fall (above the potential in any regular forest).

  • Shlonsky, 1997).„She has sewn it.‟(2b) Elle lui donne un cadeau she 3S-DAT gives a present„She gives her/him a present.‟ (2c) Donne -lui un cadeau! give -3S a present„Give him/her a present!‟ However, Semitic CLs are attached to almost all lexical categories as in (3) and even to some functional categories as well, as illustrated in (4).

  • Should the sum of the amount paid for all claims reach the Aggregate Claim Limit of Liability in a Contract Term, no further coverage is provided for any Covered Product for the remainder of that Contract Term.

  • The contract is also subject to an Aggregate Claim Limit of Liability as shown on the Confirmation Page.

  • In the event that Purchaser reaches the Aggregate Claim Limit and the Covered Equipment requires additional repairs, EnviCor will provide Purchaser with repair or replacement at EnviCor’s then current rates for service upon mutual written agreement.

  • The relevant stakeholders for this project are key informants at ASML and the CT project team leaders and members.

  • EnviCor will notify Purchaser at the time of any claim if Purchaser has reached the Aggregate Claim Limit.

  • IF YOU RE-ENROLL OR MAKE CHANGES TO YOUR PLAN: If You enroll in a different service plan offered by the Seller for which we are the Obligor, the cost of any Claims made under this Plan will carry forward and apply to the Aggregate Claim Limit of the new Plan.

Related to Aggregate Claim Limit

  • Aggregate Cap has the meaning set forth in Section 20.1A.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Aggregate Credit Exposure means, at any time, the aggregate Credit Exposure of all the Lenders at such time.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Aggregate Certificate Balance when used with respect to Certificates, means, at any time of determination, the aggregate of the Certificate Balances of any two or more Principal Balance Certificates or of all the Certificates of any particular Class or Classes of Principal Balance Certificates, or, when used with respect to an EX XXXXX III Regular Interest, shall have the same meaning as “Certificate Balance”, or, when used with respect to a Class PST Component, shall mean the Class A-S-PST Percentage Interest of the Certificate Balance of the Class A-S REMIC III Regular Interest, the Class B-PST Percentage Interest of the Certificate Balance of the Class B REMIC III Regular Interest or the Class C-PST Percentage Interest of the Certificate Balance of the Class C REMIC III Regular Interest, as applicable.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Aggregate Credit Exposures means, at any time, the sum of (a) the unused portion of each Revolving Credit Commitment then in effect, (b) the unused portion of each Term Commitment then in effect and (c) the Total Outstandings at such time.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Aggregate Outstanding Credit Exposure means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders.

  • Aggregate Invested Amount means, as of any date of determination, the sum of the Invested Amounts of all Series of Certificates issued and outstanding on such date of determination.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Aggregate Amount means the aggregate amount by which the resolution authority has assessed that eligible liabilities are to be written down or converted, in accordance with Article 46(1);

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Aggregate Outstandings means, at a particular time, the sum of (a) the Aggregate Letters of Credit Outstandings at such time and (b) the aggregate outstanding principal amount of all Revolving Credit Loans at such time.

  • Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.