Claim Amount means the actual loss incurred by the Insured with respect to a Loan as calculated in accordance with Section V., B., (Calculation of Claim Amount) giving effect to adjustments made by the Company due to failure of the Insured to mitigate loss.
Claim Amount has the meaning set forth in Section 11.3.
Examples of Claim Amount in a sentence
Within thirty (30) days after delivery of a Claim Notice, the Indemnitor shall deliver to the Indemnitee a written response in which the Indemnitor shall (A) agree that the Indemnitee is entitled to receive all of the Claim Amount, (B) agree that the Indemnitee is entitled to receive part, but not all, of the Claim Amount (the “Agreed Amount”) or (C) contest that the Indemnitee is entitled to receive any of the Claim Amount.
If the Indemnitor does not send a timely written response, then the Claim Amount set forth in any Claim Notice shall be deemed finally determined for all purposes hereunder.
More Definitions of Claim Amount
Claim Amount means the amount used to determine the Insurance Benefit payable for a Claim, calculated in accordance with Sections 70 and 71.
Claim Amount has the meaning set forth in Section 5.3(b).
Claim Amount has the meaning set forth in Section 7.5(a)(i).
Claim Amount has the meaning set forth in Section 6.2(c).
Claim Amount shall have the meaning set forth in Section 13.5(a).
Claim Amount means the Eligible Expenses in excess of the benefits payable under the corresponding item(s) of Section A of the Benefits Provisions
Claim Amount means the principal amount owed to each Beneficiary, except to the extent a claim amount is a duplication of another claim or is unsupportable. As used in this Trust Agreement, Claim Amount does not include accrued interest and expenses incurred on the claim.