Common use of Assumed Liability Clause in Contracts

Assumed Liability. for any liability assumed by any Insured under any express warranty, guarantee, representation, hold harmless agreement, indemnity contract or similar agreement unless such liability would attach in the absence of such warranty, guarantee, representation, contract or agreement provided that this exclusion shall not apply to the Company’s obligation to advance Defence Costs in accordance with Extension 2.(d);

Assumed Liability. for any actual or alleged liability assumed by of any Insured under any express warranty, guarantee, representation, hold harmless agreement, indemnity contract or similar agreement unless such liability would attach in the absence of such warranty, guarantee, representation, contract or agreement provided that this exclusion shall not apply to Conduit Liability, Impaired Access Liability or Disclosure Liability or to liability that would have attached to such Insured in the absence of such contract or to the Company’s obligation to advance Defence Costs in accordance with under Extension 2.(d)2B;