Examples of Indemnity Amount in a sentence
However, for the residual disability of upper limbs (arms and hands) or lower limbs (legs and feet) as described in 7, 8, and 9 of Schedule II, the maximum amount payable by us for indemnity for residual disability will be limited to 60% of the Indemnity Amount for each limb.
If, however, the indemnity for residual disability has already been paid to the said traveler, we will pay the balance remaining after deducting such indemnity paid from the Indemnity Amount due.
In the event the Purchaser suffers an Indemnifiable Loss and is entitled to payment of an Indemnity Amount, the Seller and Purchaser shall give a joint written notice to the Escrow Agent directing that a combination of cash and Common Stock (valued at the Share Value) equal to the Indemnity Amount be disbursed from the Escrow Account and on receipt of such joint instructions, the Escrow Agent shall so disburse such Indemnity Amount.
The cash deposit with The Bank of England has been reduced commensurate with the amounts claimed under the Capped Indemnity such that the cash deposit amount is equal to the Unutilised Indemnity Amount (plus accrued interest).
The Unutilised Indemnity Amount is treated as a Common Equity Tier 1 (CET1) deduction for NAB.