Common use of Participation in Affiliated Entities Clause in Contracts

Participation in Affiliated Entities. Instrumentalities and Partnerships With regard to all claims actual or alleged, arising out of operations or management of affordable housing or any other entity which does not qualify for HARRP pooled coverages (e.g. instrumentality, affiliate, non-profit, partner of the covered entity, private owners of managed property, or similar entity), our total limit of liability and your total coverage limits for any such claim, regardless of the number of claimants or the number of coverages involved, is equal to $150,000 and does not include any reinsurance, excess insurance or other insurance of any kind. Our aggregate limit of liability for any such claim in any one year of coverage for any covered entity shall not exceed $300,000. Such coverage shall only apply for the covered entity’s own operations for the aforementioned entities and is subject to all applicable terms, definitions, conditions and exclusions. Sublimits are not applicable to general liability and errors and omissions coverage for properties that are managed but not owned by covered entity. This coverage agreement shall be voided and will not be applicable if the affiliated entity, instrumentality, partner- ship, or private owner has its own coverage which includes the member authority as a named insured, additional insured or coverage as its real estate manager.

Participation in Affiliated Entities. Instrumentalities and Partnerships With regard to all claims actual or alleged, arising out of operations or management of affordable housing or any other entity which does not qualify for HARRP pooled coverages (e.g. instrumentality, affiliate, non-profit, partner of the covered entity, private owners of managed property, or similar entity), our total limit of liability and your total coverage limits for any such claim, regardless of the number of claimants or the number of coverages involved, is equal to $150,000 and does not include any reinsurance, excess insurance or other insurance of any kind. Our aggregate limit of liability for any such claim in any one year of coverage for any covered entity shall not exceed $300,000. Such coverage shall only apply for the covered entity’s own operations for the aforementioned entities and is subject to all applicable terms, definitions, conditions and exclusions. Sublimits are not applicable to general liability and errors and omissions coverage for properties that are managed but not owned by covered entity. This coverage agreement shall be voided and will not be applicable if the affiliated entity, instrumentality, partner- partner-ship, or private owner has its own coverage which includes the member authority as a named insured, additional insured or coverage as its real estate manager.