Deductible Limit definition

Deductible Limit means the amount to be deducted from an amount otherwise eligible for reimbursement hereunder prior to any reimbursement from the Fund as such limits are established by the Rhode Island General Laws § 46-12.9-5.

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Deductible Limit means a limit on an amount to be paid or reimbursed by the insured under a deductible policy that is equal to or greater than $5,000.

Deductible Limit means, with respect to any fire insurance policy required to be maintained by the Company under Section 7.07, an amount equal to the greatest of (i) Twenty-Five Million Dollars ($25,000,000) with respect to any such policy expiring in calendar year 2020; provided that, with respect to any policy expiring in any subsequent calendar year, such amount shall be increased by the same percentage increase in the CPI Index for the period commencing on January 1, 2020 and ending on the commencement date of such policy, and (ii) three percent (3%) of the principal amount of the Bonds Outstanding on the commencement date of any such policy, and (iii) any other dollar amount which is applicable to fire insurance (x) on property of similar character maintained by companies similarly situated and operating like property or (y) on property as to which an equal primary fire insurance rate has been set by responsible insurance companies.

Examples of Deductible Limit in a sentence

Anything herein to the contrary notwithstanding, the Company may have fire insurance policies with (i) a deductible provision in a dollar amount per occurrence not exceeding the applicable Deductible Limit and/or (ii) co-insurance or self insurance provisions with a dollar amount per occurrence not exceeding thirty percent (30%) of the loss proceeds otherwise payable.
The Repurchase Limit, as of any date and with respect to the Purchased Receivables purchased on such Purchase Date, shall be the sum of (i) the amount obtained by multiplying the co-insurance percentage under the Insurance Policy by the Net Invoice Amount of all the Purchased Receivables purchased hereunder on such date and (ii) the Deductible Limit under the Insurance Policy as of such date.
Policy Schedule means the document which specifies the premium amount, details of the Policyholder/You, Contract details, Policy Period, Deductible, Limit of Liability, and attached to and forming part of this Policy.
Deductible Limit 2 Building-Office (house) Replacement Cost Yes $ 2,500 $ 118,000 4 Building-Shop Replacement Cost Yes $ 2,500 $ 53,000 7 Building-Office/Bathhouse Replacement Cost Yes $ 50,000 $ 1,500,000 7 Business Personal Property Replacement Cost Yes $ 50,000 $ 350,000 8 Building-Shop and Warehouse Replacement Cost Yes $ 50,000 $ 800,000 8 Business Personal Property Replacement Cost Yes $ 50,000 $ 400,000 9 Building-Coal Prep Plant Replacement Cost Yes $ 100,000 $ 65,850,000 Location ▇▇.
A Deductible Limit of RM6, 000 will be applicable for the arising claims.
Subject to the applicable Deductible, Limit of Liability and Sections XV.(D) and XVI.

More Definitions of Deductible Limit

Deductible Limit means, with respect to any fire insurance policy required to be maintained by the Company under Section 7.07, an amount equal to the greater of (i) Twenty-Five Million Dollars ($25,000,000) with respect to any such policy expiring in calendar year 2004; provided that, with respect to any policy expiring in any subsequent calendar year, such amount shall be increased by the same percentage increase in the CPI Index for the period commencing on January 1, 2004 and ending on the commencement date of such policy, and (ii) three percent (3%) of the principal amount of the Bonds Outstanding on the commencement date of any such policy, and (iii) any other dollar amount which is applicable to fire insurance (x) on property of similar character maintained by companies similarly situated and operating like property or (y) on property as to which an equal primary fire insurance rate has been set by responsible insurance companies.

Deductible Limit shall have the meaning ascribed to such term as set forth in Schedule 5. If separate Hull “All Risk” and “War Risk” insurances are arranged, such insurances shall include a 50/50 provision in accordance with market practice.

Deductible Limit has the meaning set forth in Section 6.2(a) hereof.

Deductible Limit means $56,679,911

Deductible Limit means, with respect to any fire insurance policy required to be maintained by the Company under Section 7.07, an amount equal to the greatest of (i) [Twenty-Five Million Dollars ($25,000,000)] with respect to any such policy expiring in calendar year 2020; provided that, with respect to any policy expiring in any subsequent calendar year, such amount shall be increased by the same percentage increase in the CPI Index for the period commencing on January 1, 2020 and ending on the commencement date of such policy, and (ii) three percent (3%) of the principal amount of the Bonds Outstanding on the commencement date of any such policy, and (iii) any other dollar amount which is applicable to fire insurance (x) on property of similar character maintained by companies similarly situated and operating like property or (y) on property as to which an equal primary fire insurance rate has been set by responsible insurance companies.