Applicable Policy Limit definition

Applicable Policy Limit means, in respect of each Insurance, the applicable policy indemnity limits for such Insurance as set out in paragraphs [cross reference redacted] and [cross reference redacted] of the Approved Insurance Schedule (excluding any individual sub-limits specified other than the Tunnelling Limit), or such amended or varied policy indemnity limit as may have been agreed (with the prior written consent of the Secretary of State) by IP OpCo with the relevant Insurer(s) or as required in accordance with clause 8.4;
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Applicable Policy Limit means $42,000,000, consisting of: (a) $2,000,000 under the GIC Policy for Claims arising from the Bridge Collapse, subject to a $10,000 per occurrence deductible which deductible has been satisfied by the Debtor; (b) $25,000,000 under the XLIA Policy; (d) $5,000,000, subject to a $50,000 self-insured retention, under the IHIC Policy; and (e) $10,000,000 under the Excess Liability Policy.
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Applicable Policy Limit means the limit(s) or sub-limit(s) of insurance that are applicable to the facts of a particular loss, or portion thereof, under a particular Mid- Century Insurance Policy as of the relevant date of loss.
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Examples of Applicable Policy Limit in a sentence

  • Subject to Section 6.2 below, this Agreement is expressly subject to satisfaction of the following conditions: (i) that the Settlement Approval Order becomes a Final Order; (ii) that the Insurers pay the Applicable Policy Limit of the Insurance Policies to the Debtors; and (iii) that the Plan Confirmation Order becomes a Final Order.

  • Confirmation of the Plan, which incorporates the Insurance Settlement Agreement, and provides for approval of a Trust Agreement, and is a prerequisite for the funding and distribution of the Applicable Policy Limit pursuant to the Trust Distribution Plan.

  • The Insurance Settlement Agreement provides, in part, for distribution of the Applicable Policy Limit of $42 Million to be distributed to the holders of Bridge Collapse Bodily Injury Claims.

  • As discussed hereafter, pursuant to and accordance with the Settlement Approval Order, the Settling Insurers have disbursed the $42 Million Applicable Policy Limit to the trust account of Debtor’s counsel which funds are specifically earmarked for and shall be used exclusively to settle, compromise and resolve the Bridge Collapse Bodily Injury Claims pursuant to the Plan.


More Definitions of Applicable Policy Limit

Applicable Policy Limit means $42,000,000, consisting of: (a)
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Related to Applicable Policy Limit

  • Facility Limit means $250,000,000 as reduced from time to time pursuant to Section 2.02(e). References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.

  • Applicable Policy means any rules, policies, directives, standards of practice or Program Parameters issued or adopted by the Funder, the Ministry or other ministries or agencies of the province of Ontario that are applicable to the HSP, the Services, this Agreement and the parties’ obligations under this Agreement during the term of this Agreement. Without limiting the generality of the foregoing, Applicable Policy includes the other documents identified in Schedule C;

  • Applicable Policies means the policies, bylaws, directives, regulations, guidelines, codes of conduct, rules, systems and procedures of AHS listed in Schedule “F” attached.

  • Loss in excess of policy limits shall be defined as Loss in excess of the Policy limit, having been incurred because of, but not limited to, failure by the Company to settle within the Policy limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

  • Insured Amount As defined in the Policy.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Maximum Drawing Amount means at the time in question the sum of the maximum amounts which LC Issuer might then or thereafter be called upon to advance under all Letters of Credit which are then outstanding.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurocurrency Margin for Eurocurrency Rate Loans in effect on such date.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Available Facility Amount is defined in Section 2.2(a).

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Commitment Fee Rate means:

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Applicable Dollar Percentage means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Applicable Wages means the basic straight time wages for all hours worked, including:

  • Requested Amount has the meaning assigned to such term in Section 2.02.