First Amount Payable definition

First Amount Payable means the first amount to be paid by You or for which You shall be responsible in

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First Amount Payable means the first amount that the renter is responsible to pay in respect of any damages, theft of loss that may result in a claim.

Examples of First Amount Payable in a sentence

• Any Excess (First Amount Payable / Deductible) payment made directly to The Company will be dealt with in accordance with paragraph 2.7.2 of the Value-Added Tax (“VAT”) Binding General Ruling No 14 issued by the South African Revenue Services (“SARS”) on the 18 March 2016.

• The Contractor shall be liable for the amount of the Deductible (First Amount Payable) in respect of any claim made by the Contractor or Sub- Contractors.