Insurance Ceiling definition

Insurance Ceiling means, in relation to each Eligible Debtor, the trust amount granted (as subsequently amended) by the Insurance Company under the Insurance Policy.
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Insurance Ceiling means, in relation to each Eligible Debtor, the credit insurance coverage granted (as subsequently amended) by the Insurance Company under the Insurance Policy.
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Examples of Insurance Ceiling in a sentence

  • If the Settlement Amount received by Seller is greater than the Estimated Insurance Ceiling, the Cash Payment shall be increased on a dollar-for-dollar basis by the amount of Settlement Amount exceeds the Estimated Insurance Ceiling.

Related to Insurance Ceiling

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;