Examples of Ascertained Net Loss in a sentence
This Contract of Insurance is to indemnify the Insured for their Ascertained Net Loss should any Insured Event(s) be necessarily Cancelled, Abandoned, Postponed, Interrupted, Curtailed or Relocated, which necessary Cancellation, Abandonment, Postponement, Interruption, Curtailment or Relocation is the sole and direct result of a cause not otherwise excluded which occurs during the period of insurance and is beyond the control of both the Insured and the Participant therein.
Notwithstanding anything contained in this policy to the contrary, the Insured's failure to comply with any Condition shall not, in any manner, delay, impair, or otherwise affect the Company's obligation to pay to the Trustee the Ascertained Net Loss pursuant to Condition C, provided that the requirements of Conditions B and O.
Insurer shall pay Ascertained Net Loss or the first Monthly Payment, as it may elect on the Payment Date.
The amount of the prepayment shall be the Ascertained Net Loss on the date of prepayment.
Upon payment of Ascertained Net Loss or all Monthly Payments due from the Payment Date to the Sunset Date and all other payments required to be made by Insurer pursuant to this Policy, Insurer shall have no further obligations under this Policy.