Common use of Self-Insured Retention Clause in Contracts

Self-Insured Retention. The Sublessee agrees that there shall be no unfunded Self-Insured Retention (SIR). Any funded SIR to cover the deductible portion of a claim shall be limited to an amount not greater than Fifty Thousand Dollars ($50,000.00) per incident except in the case of SIR for Worker's Compensation where the deductible portion of a claim shall be limited to an amount not greater than One Hundred Thousand Dollars ($100,000.00) per incident.

Appears in 5 contracts

Samples: Land Terminal Sublease & Airline Operating Agreement, Land Terminal Sublease & Airline Operating Agreement, Land Terminal Sublease & Airline Operating Agreement

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