Common use of Valid Claim and Claim Limit Clause in Contracts

Valid Claim and Claim Limit. Client understands that if Clients suffers pecuniary loss by reason of CIF’s default, the liability of the Compensation Fund will be restricted to valid claims as provided for in the Ordinance and will be subject to the monetary limits specified in the Ordinance and accordingly there can be no assurance that any pecuniary loss sustained by reason of such a default will be recouped from the Compensation Fund in full, in part or at all.