Yield Loss Indemnity definition

Yield Loss Indemnity means the percentage of yield loss or damage adjusted for any Harvesting Bonus payable under this Contract, to a maximum of 100%, multiplied by the Acreage affected by the loss or damage, all as established by the Corporation, multiplied by the dollar selection for the affected Insured Crop.
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Yield Loss Indemnity means the percentage of yield loss or damage adjusted for any Harvesting Bonus payable under this Contract, to a maximum of 100%, multiplied by the Acreage affected by the loss or damage, all as established by the Corporation, multiplied by the dollar selection for the affected Insured Crop. (« indemnité pour perte de rendement »)
Sample 1

Examples of Yield Loss Indemnity in a sentence

  • This Contract does not insure against, and no Yield Loss Indemnity shall be paid for an Insured Crop if, in the opinion of the Corporation, the loss or damage occurred as a result of fire started by the Insured or the agents, servants or employees of the Insured, unless such fire was lawfully started and in compliance with the requirements of all applicable law.

  • If loss or damage to an Insured Crop occurs directly as a result of hail or fire or both and the yield loss or damage exceeds 70% (as determined by the Corporation) on any portion of the Insured Acreage of that Insured Crop (as determined by the Corporation), the percentage of yield loss or damage for the purposes of calculating Yield Loss Indemnity shall be increased by the Harvesting Bonus.

  • For a Yield Loss Indemnity to be payable, the percentage of yield loss established by the Corporation for the affected Acreage or portion thereof as determined by the Corporation must be 5% or more.

  • This Contract does not insure against, and no Yield Loss Indemnity may be paid for an Insured Crop if, in the opinion of the Corporation, the loss or damage did not result directly from hail or fire or both.

  • If an Insured Crop has been previously damaged by hail or fire or both, the percentage of yield loss or damage shall be reduced by any prior yield loss or damage in calculating the Yield Loss Indemnity that is payable.

  • Subject to Section 10.08, if this Contract is cancelled in accordance with its terms and provided no Yield Loss Indemnity has been paid or is payable under this Contract, the Corporation shall be deemed to have earned the short date premium for the time the Contract has been in force, all as set forth in the Short Date Cancellation Table compiled by the Corporation.

  • If, in the opinion of the Corporation, there was not sufficient Production potential before the occurrence of loss or damage by hail or fire or both to warrant leaving the Field, or any portion thereof, of the Insured Crop for crop production, no Yield Loss Indemnity shall be payable, and hail insurance on that Field, or any portion thereof, of that Insured Crop shall be deemed terminated on the day before the day on which the loss or damage occurred.

  • In its Fifth Report, the Education Commission recommended the amalgamation of Northcote College of Education, Sir Robert Black College of Education, Grantham College of Education, Hong Kong Technical Teachers’ College and the Institute of Language in Education to become an autonomous HKIEd.

  • Whilst design of that project was more advanced than AMEP at this stage, the same principles can be applied here.

  • If the Insured has failed to notify the Corporation of any loss or damage as required by this Contract, whether or not the failure to notify is to the prejudice of the Corporation, the Corporation may refuse to pay a Yield Loss Indemnity.

Related to Yield Loss Indemnity

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Fraud Loss Coverage Amount As of the Closing Date, $2,500,000, subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows: (a) on the first, second, third and fourth anniversaries of the Cut-off Date, to an amount equal to the lesser of (i) 1.00% of the then current Stated Principal Balance of the Mortgage Loans in the case of the first and second anniversaries and 0.50% of the then-current Stated Principal Balance of the Mortgage Loans in the case of the third and fourth such anniversaries and (ii) the excess of the Fraud Loss Coverage Amount as of the preceding anniversary of the Cut-off Date over the cumulative amount of Fraud Losses allocated to the Certificates since such preceding anniversary; and (b) on the fifth anniversary of the Cut-off Date, to zero.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Tax Indemnity means the indemnity in respect of certain Taxation matters referred to in clause 10;

  • Initial Bankruptcy Loss Coverage Amount $226,715.

  • Tax Indemnity Agreement means the Tax Indemnity Agreement, dated as of even date with the Participation Agreement, between Lessee and Owner Participant.

  • Bankruptcy Loss Coverage Amount As of any date of determination, the Bankruptcy Loss Coverage Amount shall equal the Initial Bankruptcy Loss Coverage Amount as reduced by (i) the aggregate amount of Bankruptcy Losses allocated to the Certificates since the Cut-off Date and (ii) any permissible reductions in the Bankruptcy Loss Coverage Amount as evidenced by a letter of each Rating Agency to the Trustee to the effect that any such reduction will not result in a downgrading, qualification or withdrawal of the then current ratings assigned to the Classes of Certificates rated by it.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.

  • Final Shared-Loss Recovery Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $10,348,874. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Net Loss Proceeds means, with respect to any Event of Loss, the proceeds in the form of (a) cash or Cash Equivalents and (b) insurance proceeds, condemnation awards or damages awarded by any judgment, in each case received by an Obligor from such Event of Loss net of:

  • Servicer Indemnified Party As defined in Section 8.05(c) of this Agreement.

  • Indemnification Escrow Amount has the meaning specified in Section 3.6(a).

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Ultimate Net Loss as used herein is defined as the sum or sums (including loss in excess of policy limits, extra contractual obligations and loss adjustment expense, as hereinafter defined) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or reinsurance, whether collectible or not. Nothing herein shall be construed to mean that losses under this Contract are not recoverable until the Company's ultimate net loss has been ascertained.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Fraud Loss Amount As of any date of determination after the Cut-off Date, an amount equal to: (X) prior to the first anniversary of the Cut-off Date an amount equal to 3.00% of the aggregate outstanding principal balance of all of the Mortgage Loans as of the Cut-off Date minus the aggregate amount of Fraud Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 of this Series Supplement since the Cut-off Date up to such date of determination, (Y) from the first to, but not including, the second anniversary of the Cut-off Date, an amount equal to (1) the lesser of (a) the Fraud Loss Amount as of the most recent anniversary of the Cut-off Date and (b) 2.00% of the aggregate outstanding principal balance of all of the Mortgage Loans as of the most recent anniversary of the Cut-off Date minus (2) the aggregate amount of Fraud Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 since the most recent anniversary of the Cut-off Date up to such date of determination, and (Z) from the second to, but not including, the fifth anniversary of the Cut-off Date, an amount equal to (1) the lesser of (a) the Fraud Loss Amount as of the most recent anniversary of the Cut-off Date and (b) 1.00% of the aggregate outstanding principal balance of all of the Mortgage Loans as of the most recent anniversary of the Cut-off Date minus (2) the aggregate amount of Fraud Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 since the most recent anniversary of the Cut-off Date up to such date of determination. On and after the fifth anniversary of the Cut-off Date, the Fraud Loss Amount shall be zero. The Fraud Loss Amount may be further reduced by the Master Servicer (including accelerating the manner in which such coverage is reduced) provided that prior to any such reduction, the Master Servicer shall (i) obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency and (ii) provide a copy of such written confirmation to the Trustee.

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnity means the payment of an amount to offset all or part of an insured loss.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.