Common use of Fraud or dishonesty Clause in Contracts

Fraud or dishonesty. The Insurer is not liable to indemnify any Insured to the extent that any civil liability or related Defence Costs arise from dishonesty or a fraudulent act or omission committed or condoned by that Insured, except that: (a) this contract nonetheless covers each other Insured; and (b) no such dishonesty, act or omission will be imputed to a body corporate unless it was committed or condoned by, in the case of a company, all directors of that company or, in the case of a Limited Liability Partnership, all members of that Limited Liability Partnership.

Appears in 4 contracts

Samples: Qualifying Insurer’s Agreement, Qualifying Insurer’s Agreement, Qualifying Insurer’s Agreement

AutoNDA by SimpleDocs

Fraud or dishonesty. The Insurer is not liable to indemnify any Insured to the extent that any civil liability or related Defence Costs arise from dishonesty or a fraudulent act or omission committed or condoned by that Insured, except that:that - (a) this contract nonetheless covers each other Insured; and (b) no such dishonesty, act or omission will be imputed to a body corporate unless it was committed or condoned by, in the case of a companybody corporate, all directors of that company body corporate or, in the case of a Limited Liability Partnershiplimited liability partnership, all members of that Limited Liability Partnershiplimited liability partnership.

Appears in 3 contracts

Samples: Qualifying Insurer's Agreement, Qualifying Insurer’s Agreement, Qualifying Insurer’s Agreement

Fraud or dishonesty. The Insurer is not liable to indemnify any Insured to the extent that any civil liability or related Defence Costs arise from dishonesty or a fraudulent act or omission committed or condoned by that Insured, except that: (a) this contract nonetheless covers each other Insured; and (b) no such dishonesty, act or omission will be imputed to a body corporate unless it was committed or condoned by, in the case of a companybody corporate, all directors of that company body corporate or, in the case of a Limited Liability Partnershiplimited liability partnership, all members of that Limited Liability Partnershiplimited liability partnership.

Appears in 2 contracts

Samples: Qualifying Insurer’s Agreement, Qualifying Insurer’s Agreement

AutoNDA by SimpleDocs

Fraud or dishonesty. The Insurer is not liable to indemnify any Insured to the extent that any civil liability or related Defence Costs arise from dishonesty or a fraudulent act or omission committed or condoned by that Insured, except that:that - (a) this contract nonetheless covers each other Insured; and (b) no such dishonesty, act or omission will be imputed to a body corporate unless it was committed or condoned by, in the case of a company, all directors of that company body corporate or, in the case of a Limited Liability Partnershiplimited liability partnership, all members of that Limited Liability Partnershiplimited liability partnership.

Appears in 1 contract

Samples: Qualifying Insurer’s Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!