Related Loss Clause Samples
The Related Loss clause defines how losses that are connected or arise from the same event or circumstance are treated under the agreement. Typically, this clause clarifies whether multiple losses stemming from a single cause are aggregated and considered as one loss for purposes such as liability caps, deductibles, or insurance coverage. For example, if several claims result from a single breach, the clause may specify that these are counted together rather than separately. Its core practical function is to prevent parties from circumventing contractual limits or obligations by splitting related losses into multiple claims, thereby ensuring fairness and predictability in the allocation of risk.
Related Loss. All loss will be considered a single loss occurring on the date the first related matter giving rise to such loss first occurred or is first discovered, irrespective of the number of related losses, the identity or number of Insured’s involved or the number and timing of such related losses.
Related Loss. Notwithstanding any other provision of this Deed or the Project Agreement, to the extent that the Crown is liable to the Contractor for any Claim arising under the Project Agreement, the Crown will not be entitled to avoid or reduce its Liability to the Contractor on the basis that the Contractor has not suffered all or part of the relevant loss or damage (Related Loss) solely because such Related Loss is incurred by a sub-contractor (of any tier) of the Contractor or because the sub-contractor’s right to recover such Related Loss from the Contractor or any other sub-contractor is deferred, suspended or dependent upon recovery or entitlement from the Crown, the Contractor or any other sub-contractor or is dependent upon determination of any such entitlement. [Execution blocks to be added.] Facility Lease