Loss Settlement definition

Loss Settlement has the meaning set forth in Section 10.02.
Loss Settlement means Covered Benefits, fees and expenses of the Impartial Party (as defined in the Group Contract) and Mandated Benefits, in each case, paid by the Company less Indemnification Amounts.
Loss Settlement has the meaning attributable to such term in the Policy.

Examples of Loss Settlement in a sentence

  • This policy provides three methods of settling losses: Replacement Cost, Special Loss Settlement, and Actual Cash Value.

  • This policy provides three methods of set- tling losses: Replacement Cost, Special Loss Settlement, and Actual Cash Value.

  • The definition set out under the Basis of Loss Settlement on the underlying policy shall not apply in respect of a claim under this clause but always limited to thetotal Sum Insured.

  • If such a manufactured home or travel trailer is partially damaged and, in our judg- ment, it is economically feasible to repair it to its pre-damaged condition, we will settle the loss according to the Replacement Cost Loss Settlement conditions in V.2. above.

  • The policy with the later effective date must be canceled.V. Loss Settlement.

  • Actual Cash Value Loss Settlement The types of property noted below are sub- ject to actual cash value (or in the case of V.4.a.(2), below, proportional) loss settle- ment.

  • Special Loss Settlement, described in V.3. below, applies to a single-family dwell- ing that is a manufactured or mobile home or a travel trailer.

  • If a building is rebuilt at a location other than the described location, we will pay no more than it would have cost to re- pair or rebuild at the described location, sub- ject to all other terms of Replacement Cost Loss Settlement.

  • Introduction This policy provides three methods of settling losses: Replacement Cost, Special Loss Settlement, and Actual Cash Value.

  • If a building is rebuilt at a location other than the described location, we will pay no more than it would have cost to repair or rebuild at the described location, subject to all other terms of Replacement Cost Loss Settlement.


More Definitions of Loss Settlement

Loss Settlement. The amount shown for PART D: UNINSURED BOATER COVERAGE on the Declarations Page is the most we will pay under PART D, regardless of the number of Covered Persons, claims made or vessels involved in any Occurrence. This coverage will not apply directly or indirectly to the benefit of any Covered Person under any state or federal compensation law or act. Payment made for this coverage to or for a Covered Person will reduce the amount that person is entitled to recover from the PART B: LIABILITY COVERAGE and PART C: MEDICAL PAYMENTS COVERAGE of this policy.

Related to Loss Settlement

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Gross Settlement Amount means the sum of $75,000,000, contributed to the Qualified Settlement Fund pursuant to Article 5. The Gross Settlement Amount shall be the full and sole monetary payment made on behalf of Defendants in connection with the Settlement effectuated through this Settlement Agreement.

  • Retail Settlement Code means the code approved by the Board which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and consumers and provides for tracking and facilitating consumer transfers among competitive retailers;

  • Resettlement means the impact of an involuntary taking of land under the Project, which taking causes affected persons to have their: (i) standard of living adversely affected; or (ii) right, title or interest in any house, land (including premises, agricultural and grazing land) or any other fixed or movable asset acquired or possessed, temporarily or permanently; or (iii) access to productive assets adversely affected, temporarily or permanently; or (iv) business, occupation, work or place of residence or habitat adversely affected, temporarily or permanently.

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.

  • securities settlement system means a system that enables securities to be transferred and settled by book entry according to a set of predetermined multilateral rules.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Net Settlement Amount means the Gross Settlement Amount minus: (a) all Attorneys’ Fees and Costs paid to Class Counsel; (b) all Class Representatives’ Compensation as authorized by the Court; (c) all Administrative Expenses; and

  • Ontario Settlement Class means the settlement class in respect of the Ontario Action as defined in Schedule A.

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries or sickness established by settlement or judgment in resolution of a tort claim.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Purchase Contract Settlement Date means [ ].

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • Net Settlement Fund means the Settlement Fund less: (i) Court-awarded attorneys’ fees and expenses; (ii) Notice and Administration Expenses; (iii) Taxes; and (iv) any other fees or expenses approved by the Court.