Underlying Policy Limits definition

Underlying Policy Limits means the combined limits of liability of the Underlying Policies, including costs and expenses incurred in the defense or settlement of any claim.
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Examples of Underlying Policy Limits in a sentence

  • It is a condition of this Policy that the Underlying Policies shall be maintained in full effect during the Period of Insurance except for any reduction of the Underlying Policy Limits solely by payment of any claims or costs and expenses incurred in the defense or settlement of such claims.

  • It is a condition of this Policy that the Underlying Policies shall be maintained in full effect during the Policy Period except for any reduction of the Underlying Policy Limits solely by payment of any claims or losses or costs and expenses incurred in the defense or settlement of such claims.

  • As a condition precedent to their rights under this policy, the Insureds shall give to the Insurer as soon as practicable written notice and the full particulars of the payment of the covered loss that exceeds 50% of the Underlying Policy Limits.

  • Liability to pay under this Policy shall not attach unless and until the insurers of the Underlying Policies shall have paid or have admitted liability or have been held liable to pay, the full amount of the Underlying Policy Limits.

  • ClaimsReportingThreshold: 50% or more of the Underlying Policy Limits.

  • The Westchester Policy is a true excess policy, obligating Westchester to pay only “for Loss by reason of exhaustion by payments of all Underlying Policy Limits of all underlying policies.” JR-131.Coverage under the Westchester Policy follows form to the Followed Policy, meaning that Westchester agreed to provide coverage “in accordance with the terms, definitions, conditions, exclusions and limitations of the Followed Policy.” JR-131.

  • In the event of exhaustion, this Policy shall continue in force as primary insurance only upon the exhaustion of the total Underlying Policy Limits and satisfaction of any applicable retention by reason of such payments.

  • Revenues related to fixed-price contracts/milestone contracts for complex application development and systems integration services are recognized as the service is performed using the percentage of completionmethod of accounting, under which the total value of revenue is recognized on the basis of the percentage that each contract’s total cost to date bears to the total expected labor costs (input method).

  • The Company’s coverage obligations under this Policy attach to the Company only after the total Underlying Policy Limits have been reduced or exhausted through payments of covered loss by, on behalf of or in the place of the Insurers of the Underlying Policies pursuant to the terms and conditions of the Underlying Policies.

  • The researcher computed correlations using the Pearson correlation.

Related to Underlying Policy Limits

  • Loss in excess of policy limits shall be defined as Loss in excess of the Policy limit, having been incurred because of, but not limited to, failure by the Company to settle within the Policy limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

  • Effluent limitation guideline means a regulation published by the Administration under Section 304(b) of the CWA to adopt or revise effluent limitations.

  • 2%/25% Guidelines has the meaning set forth in Section 13.

  • DWP Offshoring Policy means the Authority’s policy and procedures as advised to the Contractor by the Authority from time to time.

  • Xxxxxx Mae Guide The Xxxxxx Xxx Single Family Seller/Servicer Guide and all amendments or additions thereto.

  • Anti-Corruption Guidelines means the “Guidelines on Preventing and Combating Fraud and Corruption in Projects Financed by IBRD Loans and XXX Credits and Grants”, dated October 15, 2006.

  • Valuation Guidelines means the valuation guidelines adopted by the Board, as may be amended from time to time.

  • Substantially limits means the extent to which the impairment limits an individual’s ability to perform a major life activity as compared to most people in the general population, whether or not an individual chooses to forgo mitigating measures. 42 U.S.C. 126 §12102(4); 28 CFR §35.108(d); 28 CFR §35.105(d) The rules of construction when determining whether an impairment substantially limits performance of a major life activity include:

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.

  • Safeguard Policy Statement or “SPS” means ADB's Safeguard Policy Statement (2009);

  • Normal Maximum Generation means the highest output level of a generating resource under normal operating conditions.

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.

  • Xxxxxx Mae Guides The Xxxxxx Xxx Xxxxxxx’ Guide and the Xxxxxx Mae Servicers’ Guide and all amendments or additions thereto.

  • Trading Policy means the Company’s policy permitting certain individuals to sell Company shares only during certain “window” periods and/or otherwise restricts the ability of certain individuals to transfer or encumber Company shares, as in effect from time to time.

  • Applicable effluent standards and limitations means all State and Federal effluent standards and limitations to which a discharge is subject under the Act, including, but not limited to, effluent limitations, standards of performance, toxic effluent standards and prohibitions, and pretreatment standards.

  • Negligent treatment or maltreatment means an act or a

  • Fxxxxx Mae Guides The Fxxxxx Mxx Selling Guide and the Fxxxxx Mae Servicing Guide and all amendments or additions thereto.

  • Modification Guidelines has the meaning provided in Section 2.1(a) of this Single Family Shared-Loss Agreement.

  • Xxxxxx Xxx Guides The Xxxxxx Xxx Xxxxxxx' Guide and the Xxxxxx Xxx Servicers' Guide and all amendments or additions thereto.

  • Risk-Based Capital Guidelines means (i) the risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside the United States implementing the July 1988 report of the Basle Committee on Banking Regulation and Supervisory Practices Entitled "International Convergence of Capital Measurements and Capital Standards," including transition rules, and any amendments to such regulations adopted prior to the date of this Agreement.

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • Emission standard means specified limitations on the discharge of air contaminants into the atmosphere.

  • Fitch Guidelines means the guidelines, as may be amended from time to time, in connection with Fitch’s ratings of the VMTP Shares.

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $4,614,259, in each case reduced by Special Hazard Losses allocated to the Certificates since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $4,614,259 as reduced by the Special Hazard Losses allocated to the Certificates since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance Policy).

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Country Limitation Schedule means the schedule published from time to time by Ex-Im Bank setting forth on a country by country basis whether and under what conditions Ex-Im Bank will provide coverage for the financing of export transactions to countries listed therein.