Common use of Deprivation of Assets Clause in Contracts

Deprivation of Assets. RSA shall indemnify the Insured against any Deprivation of Asset Expenses and Expenses incurred by an Insured Person, a) RSA has given its express prior written consent to such Deprivation of Asset Expenses and Expenses being incurred; b) the indemnity provided under this Extension shall only apply in respect of the amount of such Deprivation of Asset Expenses and Expenses that are in excess of the applicable Excess under Insuring Clauses A.1(“Trustee Liability”) or A.2. (“Civil Society Reimbursement Cover”); and c) the maximum liability of RSA during the Period of Insurance under this Extension shall be the single aggregate limit of £100,000.

Deprivation of Assets. RSA shall indemnify the Insured against any Deprivation of Asset Expenses and Expenses incurred by an Insured Person, a) RSA has given its express prior written consent to such Deprivation of Asset Expenses and Expenses being incurred; b) the indemnity provided under this Extension shall only apply in respect of the amount of such Deprivation of Asset Expenses and Expenses that are in excess of the applicable Excess under Insuring Clauses A.1(“Trustee A.1(“Directors & Officers Liability”) or A.2. (“Civil Society Company Reimbursement Cover”); and c) the maximum liability of RSA during the Period of Insurance under this Extension shall be the single aggregate limit of £100,000.