Maximum Indemnity definition

Maximum Indemnity means the maximum period(s) stated in the schedule in respect of which cover is Period afforded for the interest insured by this operational business interruption section. Rate of gross profit means the percentage of gross profit which, had the interruption of or interference with the business insured not occurred, would have been earned on the annual turnover.

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Maximum Indemnity has the meaning set forth in Section 7.4(a).

Maximum Indemnity as defined in Section 8.6.

Examples of Maximum Indemnity in a sentence

If Seller elects to control the defense, it will not compromise or settle the Action or Buyer Claim if (X) the amount to be paid in settlement exceeds the Maximum Indemnity Amount or (Y) the settlement does not include a provision releasing the Buyer Indemnified Party from all liabilities with respect thereto.
The Principal shall not be liable or obligated to make payments under this Agreement in excess of the Maximum Indemnity Amount (as defined herein).
Notwithstanding anything to the contrary contained elsewhere herein, OWNERS’ Surviving Liabilities (as defined in Section 9.04(a) herein) shall not under any circumstances exceed the Maximum Indemnity Amount and Purchasers and NEW OPERATORS shall look solely to the Escrow Holdback Deposit for payment of such indemnity claims.
Stage I indemnity rate (30 days after planting) Section 23 regs Maximum indemnity is 30% of IV when NOT replanted Maximum indemnity is 20% of IV if acres are replanted Stage II indemnity rate (un-harvested ac.) FULL OFFSET – between Stage II and Stage III Section 24 regs Maximum Indemnity is : - a 80 day sliding scale from 50 to 80% of the insured value.
Notwithstanding the foregoing, (w) Buyer’s obligation pursuant to Seller’s Security in Section 7.2, (x) each Party’s obligation pursuant to Sections 8.2(a)(i) and 8.3(a)(i), respectively, with respect to breach of any Fundamental Representation, (y) Seller’s (i) obligation pursuant to Section 8.2(a)(iii) and (ii) the covenant set forth in Section 5.10, and (z) each Party’s obligations pursuant to Section 11.2, (collectively, “(w)-(z)”), shall not be subject to the Basket or the Maximum Indemnity Amount.
If Seller elects to control the defense, it will not compromise or settle the Action or Buyer Claim if (x) the amount to be paid in settlement, when aggregated with other Buyer Claims, exceeds the Maximum Indemnity Amount, as defined below, or (y) the settlement does not include a provision releasing Buyer Indemnified Party from all liabilities with respect thereto.
The Principal shall only be liable for Indemnified Losses (after giving effect to, and only for amounts in excess of, the Deductible) up to the Maximum Indemnity Amount.
The Principals shall only be liable for Indemnified Losses (after giving effect to and only for amounts in excess of the Deductible) up to the Maximum Indemnity Amount.
Provided that if the Limit of Indemnity is less than the annual Rent Receivable, or a proportionately increased multiple thereof where the Maximum Indemnity Period exceeds twelve months, the amount payable shall be proportionately reduced.
Under no ----------------------------------------------------- circumstances shall the Company and the Seller have Indemnification Obligations or liability to Buyer Indemnitees under either Section 11.2(b)(i) or (ii) in the aggregate in excess of $250,000 (the "Maximum Indemnity Liability").

More Definitions of Maximum Indemnity

Maximum Indemnity means the maximum period(s) stated in the schedule in respect of which cover is period afforded for the interest insured by this operational business interruption section. Rate of gross profit means the percentage of gross profit which, had the interruption of or interference with the business insured not occurred, would have been earned on the annual turnover. Specified standing means any fixed costs specified in the schedule which continue to be payable in full Charges during the indemnity period. Specified working means any costs incurred for the acquisition of goods, raw materials or auxilliaries as expense well as for supplies unless required for the upkeep of operations and any costs for packaging, carriage, freight, intermediate storage, turnover tax, purchase tax, licence fees and royalties, insofar as such costs are dependent on turnover. Turnover means the amount of money (less discounts allow) paid or payable to the insured for goods, products or services sold, delivered or rendered in the course of the business insured. Schedule Line of business Policy No. Currency Name : Address :

Maximum Indemnity is defined in Section 10.8.