PAYMENT ON ACCOUNT CLAUSE

Risks : VARIOUS Notwithstanding anything contained in this Policy to the contrary provided that liability has been admitted, progress payments on account of any claim may be made to the Insured at such intervals: 75% of interim payment from the Loss and/or for such amount as may be agreed upon production of a report by the Loss Adjusters (if appointed) provided such payment(s) shall be deducted from the amount finally determined upon adjustment of the claim.