Joint Insureds. In the event there is more than one Insured, each of the Insureds together will be treated for all purposes under this Policy as a single entity. Representations by any of the Insureds will be considered representations of all, and breaches of any provision of this Policy by one will be considered breaches by all. The performance by any of the Insureds of any duty or obligation of the Insured under this Policy will be considered performance by all. Any limits imposed upon the Insured under this Policy will apply to all Insureds in the aggregate and not to each individually.
Joint Insureds. Where “You” comprises more than one party, information supplied to Us shall be deemed to have been furnished by or on behalf of all parties, and any information supplied to Us or any omission or non-disclosure in relation to any renewal or extension thereof shall likewise be deemed to have been furnished, omitted or withheld on behalf of all such parties.
Joint Insureds. If this Policy is issued to more than one named Insured, the obligations of the Insureds will be joint and several and references in this Policy to the Insured are to all Insureds. Our total liability to all of the entities named as Insureds collectively will not exceed the Policy Maximum Liability stated on the Schedule. Breach of the duty to make a fair presentation of the risk by any of the Joint Insureds will entitle us to exercise our rights (which may include avoiding the Policy) in respect of all of the Joint Insureds.
Joint Insureds. Only the first named Insured can submit a claim under this bond, and shall act for all Insureds. Payment by the Underwriter to the first named Insured of loss sustained by any Insured shall fully release the Underwriter on account of such loss. If the first named Insured ceases to be covered under this bond, the Insured next named shall thereafter be considered as the first named Insured. Knowledge possessed or discovery made by any Insured shall constitute knowledge or discovery by all Insureds for all purposes of this bond. The liability of the Underwriter for loss or losses sustained by all Insureds shall not exceed the amount for which the Underwriter would have been liable had all such loss or losses been sustained by one Insured.
Joint Insureds. The Insurer’s total liability for any loss or losses sustained by any one or more of the Insureds under this Policy will not exceed the Limits of Insurance shown in the Declarations. The Insurer shall have no liability in excess of the Limits of Insurance whether such amounts consist of insured losses sustained by all of the Insureds or any one or more of the Insureds.
