Common use of Limitation of Indemnity Clause in Contracts

Limitation of Indemnity. The maximum amount of the indemnity of Prior Insurer provided by this agreement shall not exceed the lesser of: 1. the extent of liability of the Prior Insurer under the Prior Policy, 2. the amount of insurance as defined in the Prior Policy, or 3. $ [Insert Amount].

Appears in 2 contracts

Samples: Inter Underwriter Indemnification Agreement, Inter Underwriter Indemnification Agreement

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Limitation of Indemnity. The maximum amount of the indemnity of Prior Insurer provided by this agreement shall not exceed the lesser of: 1. A. the extent of liability of the Prior Insurer under the Prior Policy, 2. B. the amount of insurance as defined in the Prior Policy, ; or 3. $ [Insert Amount].C. $250,000.00

Appears in 1 contract

Samples: Indemnification Agreement

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Limitation of Indemnity. The maximum amount of the indemnity Indemnity of Prior Insurer provided by this agreement Agreement shall not exceed the lesser of: 1. A. the extent of liability of the Prior Insurer under the Prior Policy,. 2. B. the amount of insurance as defined in the Prior Policy, ; or 3. $ [Insert Amount].C. $500,000.00

Appears in 1 contract

Samples: Indemnification Agreement

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