Common use of Monetary Limits Clause in Contracts

Monetary Limits. If the monetary limits of insurance required hereunder or of the indemnity voluntarily assumed under this Section 20 which will be supported either by equal liability insurance or voluntarily self-insured, in part or whole, exceeds the maximum limits permitted under Applicable Law, the Parties agree such insurance requirements or indemnity shall automatically be amended to conform to the maximum monetary limits permitted under such Applicable Law.

Monetary Limits. If the monetary limits of insurance required hereunder or of the indemnity voluntarily assumed under this Section 20 22 which will be supported either by equal liability insurance or voluntarily self-insured, in part or whole, exceeds the maximum limits permitted under Applicable Law, the Parties agree such insurance requirements or indemnity shall will automatically be amended to conform to the maximum monetary limits permitted under such Applicable Law.

Monetary Limits. If the monetary limits of insurance required hereunder or of the indemnity voluntarily assumed under this Section 20 21 which will be supported either by equal liability insurance or voluntarily self-insured, in part or whole, exceeds the maximum limits permitted under Applicable Law, the Parties agree such insurance requirements or indemnity shall automatically be amended to conform to the maximum monetary limits permitted under such Applicable Law.

Monetary Limits. If the monetary limits of insurance required hereunder or of the indemnity voluntarily assumed under this Section 20 19 which will be supported either by equal liability insurance or voluntarily self-insured, in part or whole, exceeds the maximum limits permitted under Applicable Law, the Parties agree such insurance requirements or indemnity shall automatically be amended to conform to the maximum monetary limits permitted under such Applicable Law.