Common use of LIMITS OF COVER Clause in Contracts

LIMITS OF COVER. A. With respect to business classified as Directors and Officers Liability: The liability of the Reinsurer shall not exceed $4,000,000 per policy in the aggregate and/or coverage part (i.e., 80% of $5,000,000). B. With respect to business classified as Errors and Omissions Liability: The liability of the Reinsurer shall not exceed $800,000 per policy in the aggregate and/or coverage part (i.e., 80% of $1,000,000). C. This Agreement is extended to protect the Company for loss in Excess of Original Policy Limits and 80% of any Extra Contractual Obligations as defined in the Articles of that title herein; provided, however, the contractual loss and the Excess of Original Policy Limits and Extra Contractual Obligations loss(es) combined shall not exceed the limits in paragraphs A. and B. above.

LIMITS OF COVER. A. With respect to business classified as Directors and Officers Liability: The liability of the Reinsurer shall not exceed $4,000,000 2,500,000 per policy in the aggregate and/or coverage part (i.e., 8050% of $5,000,000). B. With respect to business classified as Errors and Omissions Liability: The liability of the Reinsurer shall not exceed $800,000 2,500,000 per policy in the aggregate and/or coverage part (i.e., 8050% of $1,000,0005,000,000). C. This Agreement is extended to protect the Company for 100% of loss in Excess of Original Policy Limits and 80% of any Extra Contractual Obligations as defined in the Articles of that title herein; provided, however, the contractual loss and the Excess of Original Policy Limits and Extra Contractual Obligations loss(es) combined shall not exceed the limits in paragraphs A. and B. above.