Per Claim Deductible definition

Per Claim Deductible shall have the meaning set forth in Section 8.4(a)(i).

Per Claim Deductible means $100,000.

Per Claim Deductible has the meaning set forth in Section 9.4(b).

Examples of Per Claim Deductible in a sentence

• The Per Claim Limit of Liability shall apply in excess of the Per Claim Deductible.

• The Company shall have no obligation to pay Damages or Claim Expenses until the applicable Per Claim Deductible has been paid in full.

• The following Sublimits, and not the Per Claim Limit of Liability, shall apply to Claims of the type or nature described in this section and shall apply in excess of the Per Claim Deductible.

• If the Company pays any Claim Expenses or Damages which are within the Per Claim Deductible or Aggregate Deductible, or which are in excess of the applicable Limit of Liability or Sublimit, the Named Insured shall reimburse the Company for such amounts within thirty (30) days of the Company’s request.

• Claim Deductible: The Named Insured shall pay the Per Claim Deductible, in the amount stated on the Declarations, for Claim Expenses and Damages resulting from each Claim.

More Definitions of Per Claim Deductible

Per Claim Deductible is defined in Section 12.5(b).

Per Claim Deductible means $50,000.

Per Claim Deductible has the meaning set forth in Section 8.8 hereof.

Per Claim Deductible means $50,000. “Per Diem Taxes” means the real, personal and intangible property Taxes and any other Taxes of the Company for any Pre-Closing Tax

Per Claim Deductible shall have the meaning set forth in Section 7.2(a).

Per Claim Deductible is defined in SECTION 8.3(b).

Per Claim Deductible has the meaning set forth in Section 9.4(b). “Permitted Liens” means (i) mechanic’s, materialmen’s, carriers’, repairers’ and other Liens arising or incurred in the ordinary course of business for amounts that are not yet delinquent or are being contested in good faith and for which adequate reserves have been provided in accordance with GAAP as consistently applied by the Company, (ii) Liens for Taxes, assessments or other governmental charges not yet due and payable as of the Closing Date or which are being contested in good faith and for which adequate reserves have been provided in accordance with GAAP as consistently applied by the Company, (iii) encumbrances (other than liens for voluntary indebtedness not otherwise included in Funded Indebtedness or attachments by any third parties in connection with any litigation or other dispute) and restrictions on real property (including easements, covenants, conditions, rights of way and similar restrictions) that do not materially interfere with the present uses or occupancy of such real property by the owner or lessee thereof, (iv) Liens granted to any lender at the Closing in connection with any financing by Buyer of the transactions contemplated hereby, (v) Liens securing any Funded Indebtedness (provided such Liens will be discharged at Closing or post-Closing in accordance with the terms of the Pay Off Letters and standard and customary conveyancing practices), (vi) zoning, building codes and other land use Laws regulating the use or occupancy of real property or the activities conducted thereon which are imposed by any Governmental Entity having jurisdiction over such real property but excluding any violations of any such Laws which materially interfere with the present uses or occupancy of such real property by the owner or lessee thereof, (vii) matters that would be disclosed by an accurate survey or inspection of the real property, or that are of record and which do not materially interfere with, directly or indirectly, in an operational manner, financial manner or otherwise, the present uses or occupancy of such real property by the owner, assignee lessee, or sublessee thereof, (viii) Liens described on Schedule 1.1(e) and (ix) any right, interest, Lien or title of a licensor, sublicensor, licensee, sublicensee, lessor or sublessor under any license or lease agreement or in the property being leased or licensed, which has been disclosed to Buyer.