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the sum of (x) with respect to the Class A Certificates, the product of (i) the Class A Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and, (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class A Certificates and (y) with respect to the Class B Certificates, the product of (i) the Class B Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class B Certificates.", "title": "Covered Amount", "id": "covered-amount", "examples": ["The Company shall indemnify Indemnified Party up to the <strong>Covered Amount</strong> and shall advance any and all Expenses to Indemnified Party in connection with any Proceeding or any Covered Act, subject, in each case, to the further provisions of this Agreement.", "On the Determination Date preceding each Payment Date, the Servicer shall determine the excess, if any (the &quot;Class A Interest Shortfall&quot;) of (x) the aggregate Class A Monthly Interest plus the aggregate Class A <strong>Covered Amount</strong> for the Interest Period applicable to such Payment Date over (y) the amount which will be on deposit in the Class A Interest Funding Account on such Payment Date.", "To the extent any Reinsurer contests a Proof of Loss pursuant to this Article 20 - INDEMNIFICATION, ERRORS AND OMISSIONS paragraph B, the Company shall reject only a portion of such Proof of Loss pursuant to Article V(C) of the Policy, in an amount equal to such Reinsurer&#x27;s quota share percentage of the <strong>Covered Amount</strong> set forth in such Proof of Loss.", "The Company shall indemnify Director and hold him harmless from the <strong>Covered Amount</strong> of any and all Losses and Expenses subject, in each case, to the further provisions of this Agreement.", "The Company shall indemnify Officer against, and hold Officer harmless from, the <strong>Covered Amount</strong> of any and all Losses and Expenses subject, in each case, to the further provisions of this Agreement.", "The Company shall indemnify Executive and hold him harmless from the <strong>Covered Amount</strong> of any and all Losses and Expenses subject, in each case, to the further provisions of this Agreement.", "Any Total <strong>Covered Amount</strong> payable by the Servicer pursuant to this Subsection 11.27 shall be remitted to the Purchaser on or prior to the Remittance Date relating to the Determination Date in the month following the month in which the cancellation to which such Total <strong>Covered Amount</strong> relates occurs.", "Any Monthly <strong>Covered Amount</strong> payable by the Servicer pursuant to this Subsection 11.27 shall be remitted to the Purchaser on or prior to the Remittance Date relating to the Determination Date immediately following the Due Date as to which such Monthly <strong>Covered Amount</strong> relates.", "Pershing shall provide credit to the Client up to the <strong>Covered Amount</strong> but is under no obligation at any time to extend credit to the Client beyond the <strong>Covered Amount</strong> as determined in accordance with the terms of this Agreement.", "The Company shall indemnify Indemnified Party up to the <strong>Covered Amount</strong> and shall advance or reimburse the Expenses incurred by Indemnified Party in a Proceeding or in connection with any Covered Acts, subject, in each case, to the further provisions of this Agreement."], "related": [["covered-account", "Covered Account", "Covered Account"], ["offered-amount", "Offered Amount", "Offered Amount"], ["insured-amount", "Insured Amount", "Insured Amount"], ["required-amount", "Required Amount", "Required Amount"], ["encumbered-amount", "Encumbered Amount", "Encumbered Amount"]], "related_snippets": [], "updated": "2026-05-30T06:04:11+00:00"}, "json": true, "cursor": ""}}