Coverage Limit definition

Coverage Limit means the maximum that the Obligor will pay You for any one Claim and Power Surge event.

Coverage Limit means the maximum amount prescribed in terms of section 40, and payable to a depositor in accordance with this Act in respect of guaranteed deposits placed with a member institution whose deposits are unavailable;

Coverage Limit of a Broncus Insurance Policy means the total dollar amount of insurance coverage available under such policy as of the Effective Date of this Agreement.

Examples of Coverage Limit in a sentence

• Our duty to defend or settle ends when the Liability Coverage Limit of Insurance has been exhausted by payment of judgments or settlements.

• The most we will pay under this Additional Coverage, for each described building or structure insured under this Coverage Form, is the Ordinance or Law Coverage Limit of Insurance shown in the Declarations.

• Coverage Limit ‐ $1,000,000 per claim or event The (Contractor /Vendor Name) shall maintain insurance covering negligent acts, errors and omissions, arising out of performance of, or the failure to perform, any professional services required under this Agreement.

• Our duty to defend or settle ends when the Covered Autos Liability Coverage Limit of Insurance has been exhausted by payment of judgments or settlements.

• Minimum Coverage Limit required (not deductible amount): $1,000,000 Each Claim, $2,000,000 Aggregate.

More Definitions of Coverage Limit

Coverage Limit means the limitation on WPC’s indemnification of NLOP Group under Section 4.2 described in Appendix C.

Coverage Limit means the Outstanding Principal Amount of the Notes in support of the Coverage provided under this Reinsurance Agreement.

Coverage Limit means the amount that is payable on a per depositor – per member institution basis, as determined under section 23;

Coverage Limit has the meaning set forth in Article 2.C.

Coverage Limit means the Outstanding Principal Amount of the Notes issued under the Indenture in support of the Coverage provided under the Endorsement to this Reinsurance Agreement. ‘‘Covered Area’’ shall mean the State of California. ‘‘Default’’ shall have the meaning ascribed to it in Section 15.1(a). ‘‘Designated Risk Period’’ shall mean each of (a) the 12-month period beginning at 12:00 a.m., Eastern Standard Time, on the date following the Closing Date and ending at 11:59 p.m., Eastern Standard Time, on the calendar day immediately preceding the first anniversary of the Closing Date and (b) the six-month period beginning at 12:00 a.m., Eastern Standard Time, on the first anniversary of the Closing Date and ending at 11:59 p.m., Eastern Standard Time, on January 31, 2008. ‘‘Earthquake Event Net Payments’’ shall have the meaning ascribed to it in Section 7.1. ‘‘Effective Date’’ shall mean August 1, 2006. ‘‘Endorsement’’ shall mean the endorsement to this Reinsurance Agreement executed from time to time between the Reinsurer and the Ceding Insurer setting forth the Coverage under this Reinsurance Agreement in the form of Exhibit A hereto. ‘‘Event of Default’’ shall have the meaning ascribed to it in Section 15.1(b). ‘‘Governmental Authority’’ means any federal, state, municipal, national or other government, governmental department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity or officer exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government or any court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government.

Coverage Limit means the limitation on WPC’s indemnification of NLOP Group under Section 4.2 described in Appendix C. “Coverage Period” has the meaning set forth in Appendix C.

Coverage Limit. Unless a higher "limit" for this coverage is shown on the "declarations", the most "we" pay under this coverage for any one loss is $1,000. No deductible applies.