Strike Index definition

Strike Index means the Observed Weather Index level at which the Insured becomes eligible for claim payment.
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Strike Index means the Observed Weather Index level at which the Insured becomes eligible for claim payment. (To be specified for each policy under section “Coverage Details” in Part I of the Policy – Schedule)
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Strike Index of a Warrant shall mean [Insert amount or method for determining amount].
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Examples of Strike Index in a sentence

  • The Company shall not be liable to compensate the Insured or pay any amount, in the event that the Observed Weather Index is lower than the Strike Index in case of coverage for excess weather parameter cover or In the event that the Observed Weather Index is greater than the Strike Index in case of coverage for deficient weather parameter cover during the Period of Insurance.

  • In the event that, in the geographical location and during the time period specified in Term Sheet of the Schedule attached to this Policy, the Observed Weather Index is greater or lower than the Strike Index, the benefit payable to the Insured shall be as per the Payment Formula specified in the term sheet of the Schedule, subject to a maximum of the Sum Insured for a given phase.


More Definitions of Strike Index

Strike Index means the Observed Weather Index level at which the Insured becomes eligible for claim compensation payment upto but not equal to the Sum Insured mentioned in the Schedule attached to this Policy.
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Related to Strike Index

  • Inflation Index means each inflation index specified in the applicable Final Terms and related expressions shall be construed accordingly.

  • Retail Price Index means the general index of retail prices published by the Office for National Statistics each month in respect of all items or:

  • SOFR Index means, with respect to any U.S. Government Securities Business Day:

  • Price Index means the "Consumer Price Index" published by the Bureau of Labor Statistics of the U.S. Department of Labor, All Items. New York, N.Y.--Northeastern, N.J., all urban consumers (presently denominated "CPI-U"), or a successor or substitute index appropriately adjusted. (iii) the term "Price Index for the Base Year" shall mean the average of the monthly All Items Price Indexes for each of the 12 months of the Base Year.