Common use of Joint Ventures and Partnerships Clause in Contracts

Joint Ventures and Partnerships. The Underwriters will indemnify the Insured for the Damages and Defence Costs in connection with a Joint Venture or Partnership in which the Insured has an economic interest; provided, however, that the Underwriters will only be liable for the proportion of any Damages and Defence Costs corresponding to the Insured’s economic interest in such Joint Venture or Partnership. No cover is provided to any of the Insured’s Joint Venture partners or other partners in any Partnership.

Joint Ventures and Partnerships. The Underwriters will indemnify the Insured for the Damages and Defence Costs resulting from any Claim for civil liability of the Insured in connection with a Joint Venture or Partnership in which the Insured has an economic interest; provided, however, that the Underwriters will shall only be liable for the proportion of any Damages and Defence Costs corresponding to the Insured’s economic interest in such Joint Venture or Partnership. No cover is provided to any of the Insured’s Joint Venture partners or other partners in any Partnership.

Joint Ventures and Partnerships. The Underwriters will indemnify the Insured for the Damages and Defence Costs resulting from any Claim in connection with a Joint Venture or Partnership in which the Insured has an economic interest; provided, however, that the Underwriters will only be liable for the proportion of any Damages and Defence Costs corresponding to the Insured’s economic interest in such Joint Venture or Partnership. No cover is provided to any of the Insured’s Joint Venture partners or other partners in any Partnership.

Joint Ventures and Partnerships. The Underwriters will indemnify pay on behalf of the Insured for the Damages and Defence Costs resulting from any Claim for Civil Liability of the Insured in connection with a Joint Venture or Partnership in which the Insured has an economic interest; provided, however, that the Underwriters will shall only be liable for the proportion of any Damages and Defence Costs corresponding to the Insured’s economic interest in such Joint Venture or Partnership. No cover is provided to any of the Insured’s Joint Venture partners or other partners in any Partnership.