Billing Authorization Value definition

Billing Authorization Value means with respect to each Billing Authorization, the aggregate amount of money available for payment of Claims against such Billing Authorization, which amount is reduced by each Claim paid with respect to such Billing Authorization.

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Examples of Billing Authorization Value in a sentence

• At Company’s discretion, a partial replacement may be accepted, such that the sum of the Security Deposit and Billing Authorization Value remains unchanged.

• Claims may not be submitted after the Billing Authorization Term, and may not exceed the applicable Billing Authorization Value.

• Company will accept any offer to replace a Billing Authorization with a cash amount equivalent to the Billing Authorization Value to serve as ▇▇▇▇▇▇’s Security Deposit.

• The Schedule of Benefits shows any copay, deductible, covered percentage, and maximum benefit that may apply to the Ambulance Expense benefit.

• In some cases, Tenants with existing Billing Authorizations may be allowed to reduce some or all of the Billing Authorization Value by paying a cash amount.