The Excess Sample Clauses

The Excess. The Insured will bear the first amount of each and every Claim up to the amount of the Excess specified in the Schedule.
The Excess. The insurance may be subject to an Excess of such monetary amount and on such terms as the Insurer and the Firm agree. Subject to clause 3.4, the Excess may be ‘self-insured’ or partly or wholly insured without regard to these minimum terms and conditions.
The Excess. Funding Account shall initially be established with the Trustee. The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Excess Funding Account and in all proceeds thereof. The Excess Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Certificateholders. Except as expressly provided in this Agreement, the Servicer agrees that it shall have no right of set-off or banker's lien against, and no right to otherwise deduct from, any funds held in the Excess Funding Account for any amount owed to it by the Trustee, the Trust, any Certificateholder or any Series Enhancer. If, at any time, the Excess Funding Account ceases to be an Eligible Deposit Account, the Trustee (or the Servicer on its behalf) shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Excess Funding Account meeting the conditions specified above, transfer any cash or any investments to such new Excess Funding Account and from the date such new Excess Funding Account is established, it shall be the "Excess Funding Account". Funds on deposit in the Excess Funding Account shall at the direction of the Servicer be invested by the Trustee in Eligible Investments selected by the Servicer. All such Eligible Investments shall be held by the Trustee for the benefit of the Certificateholders. The Trustee shall maintain for the benefit of the Certificateholders possession of the negotiable instruments or securities, if any, evidencing such Eligible Investments. Funds on deposit in the Excess Funding Account on any Distribution Date will be invested in Eligible Investments that will mature so that all funds will be available at the close of business on the Transfer Date following such Monthly Period. No Eligible Investment shall be disposed of prior to its maturity; provided, however, that the Trustee may sell, liquidate or dispose of an Eligible Investment before its maturity, at the written direction of the Servicer, if such sale, liquidation or disposal would not result in a loss of all or part of the principal portion of such Eligible Investment or if, prior to the maturity of such Eligible Investment, a default occurs, in the payment of principal, interest or any other amount with respect to such Eligible Investment. Unless directed by the Servicer, funds deposited in the Excess Funding Account on a Transfer Date with...
The Excess. The Insurers shall not indemnify the Insured for the amount of the Excess specified in the Schedule.
The Excess. Electrical Charges shall be equal to the product of (i) the Excess Electricity Usage multiplied by (ii) the dollar amount charged by ------------- the electric company to provide the Excess Electricity Usage.
The Excess. The Insurers shall not indemnify the Insured for the amount of the Excess.
The Excess. Where an Excess is stated in the Schedule, no Loss shall be paid by the Insurers until the applicable Excess is exceeded; the only exception being when the Charity or Social Enterprise is unable to make actual indemnification to the Insured under Cover clause 2 of this Section of the Policy by reason of insolvency. If more than one Claim arises from the same Wrongful Act, then it will be deemed a single Claim. If a Claim is covered in part under more than one Insuring Clause, the higher Excess of the applicable Insuring Clause shall apply.