Common use of Exceeding Policy Limits Clause in Contracts

Exceeding Policy Limits. Except as set forth in this Section 7.3(b), the Corporation and New Ceridian shall not be liable to one another for claims not reimbursed by insurers for any reason not within the control of the Corporation or New Ceridian, as the case may be, including, without limitation, coinsurance provisions, deductibles, quota share deductibles, self insured retentions, bankruptcy or insolvency of an insurance carrier, Shared Policy limitations or restrictions, any coverage disputes, any failure to timely claim by the Corporation or New Ceridian or any defect in such claim or its processing, provided that New Ceridian shall be responsible for the amount of the difference, if any, between the deductible set forth in any Shared Policy and the deductible allocable to the Corporation as set forth in Schedule 7.3(b) hereto.