Loss Limit Sample Clauses
A Loss Limit clause sets a maximum cap on the amount of losses or damages that one party can be held liable for under a contract. Typically, this clause specifies a monetary threshold, such as a fixed dollar amount or a percentage of the contract value, beyond which the responsible party is not required to compensate the other party. For example, if a contractor is liable for damages, the Loss Limit clause might restrict their total liability to the value of the contract itself. The core function of this clause is to allocate and limit financial risk, providing certainty and protecting parties from potentially unlimited or disproportionate liability.
Loss Limit. With respect to a GSE, the First Loss Limit will be 35% of the sum of:
(a) the aggregate original principal amount of all New Issue Bonds backing the GSE Securities issued from time to time under the New Issue Bond Program by that GSE; and
(b) the aggregate original principal portion of the Amount Available obligated to be paid by each GSE in each Temporary Credit and Liquidity Facility issued under the Temporary Credit and Liquidity Facility Program. Such First Loss Limit may be adjusted by the GSEs and Treasury if the aggregate amount under either (a) or (b) above is less than $10 billion, or upon the obtaining or processing of information impacting the applicable Risk Ratings, or such other material new information that affects risk, commercial reasonableness, or safety and soundness under either the New Issue Bond Program or the Temporary Credit and Liquidity Facility Program. Any such adjustment shall be made in good faith by the GSEs and Treasury based upon objective thresholds factoring into, among other things, the applicable Risk Ratings and the aggregate amounts set forth in (a) and (b) above.
Loss Limit. Unless otherwise specified in this agreement, the maximum loss incurred by the student for a lost, stolen, or damaged laptop is $1,000.00.
Loss Limit. For purposes of determining the liability of the Reinsurer, the limits of liability of the Company for Loss with respect to any one Policy shall be deemed not to exceed the greater of the minimum statutory limits in the applicable state in which the Company is licensed, or the following: Automobile Bodily Injury Liability $10,000 per person/$20,000 per occurrence Property Damage Liability $5,000 per occurrence Uninsured/Underinsured Motorists Bodily Injury Liability $10,000 per person/$20,000 per occurrence Uninsured/Underinsured Motorists Property Damage Liability $5,000 per occurrence Personal Injury Protection Statutory Coverages Medical Payments $10,000 per person These limits of liability are further subject to the following maximum limits: Automobile Physical Damage $75,000 each vehicle, or so deemed.
Loss Limit. The amount payable by the Agency to the Lender cannot ex- ceed the limits set forth in the Loan Note Guarantee.
Loss Limit. A. For purposes of determining the liability of the Reinsurer, the limits of liability of the Company for Loss with respect to any one Policy shall be deemed not to exceed the greater of the minimum statutory limits in the applicable state in which the Company is licensed, or the following:
1. Automobile Bodily Injury Liability, $10,000 per person/$20,000 per occurrence;
2. Property Damage Liability, $5,000 per occurrence;
3. Uninsured/Underinsured Motorists Bodily Injury Liability, $10,000 per person/$20,000 per occurrence;
4. Uninsured/Underinsured Motorists Property Damage Liability, $5,000 per occurrence;
Loss Limit. With respect to a GSE, the First Loss Limit will be 35% of the sum of:
(a) the aggregate original principal amount of all New Issue Bonds backing the GSE Securities issued from time to time under the New Issue Bond Program by that GSE; and
(b) the aggregate original principal portion of the Amount Available obligated to be paid by each GSE in each Temporary Credit and Liquidity Facility issued under the Temporary Credit and Liquidity Facility Program. based upon objective thresholds factoring into, among other things, the applicable Risk Ratings and the aggregate amounts set forth in (a) and (b) above.
Loss Limit. The threshold total dollar amount of Paid Claims for which Employer is financially responsible. Anthem is financially responsible for Paid Claims in excess of the Aggregate Stop Loss Limit according to the terms of this Policy. Anthem's financial responsibility terminates if and when the Aggregate Stop Loss Maximum is reached.
Loss Limit. With respect to a GSE, the First Loss Limit will be 35% of the sum of:
(a) the aggregate original principal amount of all New Issue Bonds backing the GSE Securities issued from time to time under the New Issue Bond Program by that GSE; and
(b) the aggregate original principal portion of the commitment amount made by the GSE in each Temporary Credit and Liquidity Facility issued under the Temporary Credit and Liquidity Facility Program. Such First Loss Limit may be adjusted by the parties to the MOU if the aggregate amount under either (a) or (b) above is less than $10 billion, or upon the obtaining or processing of information impacting the applicable Risk Ratings, or such other material new information that affects risk, commercial reasonableness, or safety and soundness under either the New Issue Bond Program or the Temporary Credit and Liquidity Facility Program. Any such adjustment shall be made in good faith by the parties to the MOU based upon objective thresholds factoring into, among other things, the applicable Risk Ratings and the aggregate amounts set forth in (a) and (b) above.
Loss Limit. Unless otherwise specified in this agreement, the maximum loss incurred by the student for a lost, stolen, or damaged laptop is $1,269. The student is responsible for safeguarding his or her assigned laptop. If the laptop is lost or stolen, a report must be filed with the ▇▇▇▇▇ Executive Director or Assistant Director within 48 hours of the time the laptop is lost or stolen, so that appropriate law enforcement authorities can be notified. If the loss cannot be recovered, the student and parents/guardians are liable to the school for the value of the missing laptop up to $1,269. ▇▇▇▇▇ reserves the right not to re-issue a laptop to a student whose assigned laptop is lost, stolen, or damaged beyond normal wear and tear. Students agree to accept responsibility to ensure that all data is saved to the school issued Google Drive. Use of computer and network resources is a privilege, not a right. Treat this privilege with care. Furthermore, the Acceptable Use Policy ensures compliance with the Children’s Internet Protection Act (CIPA). Because of the need to protect ▇▇▇▇▇’▇ network and computing resources, administration reserves the right to access and/or examine any information stored on any network device. Students can expect privately owned equipment accessing the school’s network and ▇▇▇▇▇ laptops to be periodically inspected and monitored for appropriate usage. ▇▇▇▇▇ reserves the right to inspect any and all files stored on school-owned hardware and / or any personal media brought on ▇▇▇▇▇ premises by ▇▇▇▇▇ students. Web browsing may be monitored, and web activity records may be retained indefinitely. The student shall abide by the ▇▇▇▇▇’▇ Acceptable Use Policies as outlined in the Student Code of Conduct. Unacceptable uses include, but are not limited to, the following: