Premium Cap definition

Premium Cap shall have the meaning set forth in Section 6.01(b).
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Premium Cap has the meaning set forth in Section 7.3(b).
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Premium Cap has the meaning set forth in Section 5.14(b)(ii).
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Examples of Premium Cap in a sentence

  • Notwithstanding the foregoing, should the premiums for the foregoing comprehensive property insurance exceed the Casualty Insurance Premium Cap, the County shall purchase comprehensive property insurance as similar in coverage and amount as is commercially available for premiums equal to the Casualty Insurance Premium Cap.

  • Within sixty (60) days of each adjustment to the Casualty Insurance Premium Cap pursuant to this Section 18.6(b), the County shall cause a written statement to be delivered to each of the Bills and the ECSC setting forth such adjustment.

  • The Commission Panel hearing the CPCN Application would not be constrained by the Cost Premium Cap.

  • A written record will be made of the acceptance and of the relinquishment or closing out of all IRA accounts and of the assets held for each account.

  • In lieu of the foregoing, the Company, in consultation with Parent, may (and at the request of Parent, the Company shall use its reasonable best efforts to) obtain and fully pay for, at or prior to the Effective Time, a six-year “tail” policy on the terms described in the preceding sentence if and to the extent that the same may be obtained for an amount that, in the aggregate, does not exceed the Premium Cap (except if one or more directors elects to pay for any excess over such amount).


More Definitions of Premium Cap

Premium Cap has the meaning specified in Section 6.18(b).
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Premium Cap means, as applicable, (a) an amount of prepayment or redemption premium or other prepayment penalties of four percent (4%) or (b) a default interest rate of two percent (2%) above the applicable interest rate thereunder in the absence of a default.
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Premium Cap has the meaning given to it in clause 8.2.1;
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Premium Cap shall have the meaning set forth in 6.12(f).
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Premium Cap means, the amount specified in the second column of the table below (entitled “Limit”) for the applicable insurance layer set out beside it in the first column of that table (entitled “Insurance Layer”): Insurance layer Limit £ £1m Primary 500,000 £2m Primary 550,000 £3m Primary 600,000 £1m in excess of £1m 50,000 £1m in excess of £2m 50,000 £2m in excess of £1m 100.000100,000 Premium Payable means the amount of the premium (including any risk premium in respect of the ARP and all levies and charges relating to a Policy) due from a Firm to a Qualifying Insurer (excluding any amount in respect of Insurance Premium Tax), whether or not actually received by that Qualifying Insurer in respect of:
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Premium Cap has the meaning set forth in Section 9.1(b).
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Premium Cap shall have the meaning set forth in Section 4.09. A44
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