C&L Payment definition

C&L Payment has the meaning given to such term in Section 2.2(a).
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Examples of C&L Payment in a sentence

  • Therefore the additional £10m drawdown does not give rise to any CL Payment Amount.

  • Final ACAID_2 Net Loss = Triggered Loss – Recoveries + CL Payment = £100m – (25m + 10m + 45m) + 5m = £25m.