We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Aggregate Limit of Indemnity definition

Aggregate Limit of Indemnity means the amount shown in the Schedule as the Aggregate Limit of Indemnity for either Medical Malpractice Insurance or Public Liability Insurance.
Aggregate Limit of Indemnity means twice the Limit of Indemnity specified in the Schedule.
Aggregate Limit of Indemnity means the amount shown as the Aggregate Limit of Indemnity in the Schedule. If no amount is shown, then the Aggregate Limit of Indemnity in respect of all Claims or loss under this Policy is equal to the Limit of Indemnity.

Examples of Aggregate Limit of Indemnity in a sentence

  • Subject to the Company’s indemnity under this Section in any one Period of Insurance not exceeding the Aggregate Limit of Indemnity stated in the Schedule.

  • The AD&D policy is subject to an Aggregate Limit of Indemnity of $10,000,000.00 for all losses resulting from any one aircraft accident.

  • The data from the inertial reference system are transmitted through the databus to the onboard computer, which executes the flight program and controls the nozzles of the solid boosters and the Vulcain cryogenic engine, via servo valves and hydraulic actuators.To improve the reliability of such a system, there is considerable redundancy at the equipment level: two inertial reference systems operate in parallel, with identical hardware and software.

  • The insurance provided by this Policy shall apply only as excess over any other valid and collectible insurance or other indemnity, unless such other insurance or indemnity is written only as specific excess insurance over the Aggregate Limit of Indemnity provided by this Policy.

  • PROVIDED ALWAYS that the Society’s maximum combined aggregate liability for all Representation Costs under this Policy (whether under Section 2.1(a) or 2.1(b) or cumulatively under the two sections) in respect of each RVN Covered Person will not in any circumstance exceed the Aggregate Limit of Indemnity for RVN Criminal and Disciplinary Cover set out in the Schedule.

  • Such prorated amount shall be applied in reduction of the Aggregate Limit of Indemnity and the Sub-Limit for the applicable Insuring Clause.The Underwriters shall not be liable to indemnify the Insured for legal fees and legal expenses until after final judgment or settlement of any suit or legal proceeding.The Underwriters may but are not obligated to conduct the defence of such suit or legal proceeding referred to in the first paragraph of this General Condition.

  • Upon discovery of a loss yielding a valid claim under this Section the Aggregate Limit of Indemnity shall be automatically reinstated by the amount of such loss as subsequently ascertained the Policyholder having undertaken to pay the additional premium required by the Insurer.

  • If the total of such indemnities exceed the Aggregate Limit of Indemnity, we shall not be liable to any one Insured Person for a greater proportion of such Insured Person’s indemnity than said Aggregate Limit of Indemnity bears to the total indemnities afforded by the coverage to all such Insured Persons.

  • The Insurers' total liability for all Claims made during the Policy Period, includingDefence Expenses, is limited to the Aggregate Limit shown in Item 3 of the Schedule.The Aggregate Limit of Indemnity shall be reduced by the amount of any payment made under this Policy.

  • Provided always that the amount by which the Aggregate Limit of Indemnity is reinstated shall only apply to acts committed subsequent to the date of such reinstatement.


More Definitions of Aggregate Limit of Indemnity

Aggregate Limit of Indemnity means the limit of liability under this Master Policy as specified in the Master Policy Schedule and shall include Costs and Expenses.

Related to Aggregate Limit of Indemnity

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Aggregate Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Indemnification Cap shall have the meaning set forth in Section 8.4(b).

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.

  • Guarantee/Warranty/ Defect Liability Period (DLP) means the period and other conditions governing the warranty/guarantee/defect liability period of the services as provided in the Contract.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • AND LIABILITY LIMITS State Street shall assume no responsibility for lost interest with respect to the refundable amount of any unauthorized payment order, unless State Street is notified of the unauthorized payment order within thirty (30) days of notification by State Street of the acceptance of such payment order. In no event shall State Street be liable for special, indirect or consequential damages, even if advised of the possibility of such damages and even for failure to execute a payment order.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Limitation of Liability PrimePay has negotiated preferred terms and conditions with FD as a service to PrimePay Clients. Client understands that FD, and not PrimePay, will be performing those services and that Client will enter its own service agreement(s) with FD for such services under terms and conditions specified by FD and agreed to by Client. Accordingly, Client acknowledges that FD shall be the provider of Payment Processing Services hereunder and that PrimePay shall have no liability whatsoever for or related to the performance of those services, including any and all damages, costs and related expenses (including attorney fees).

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement, substantially in the form of Exhibit D, among the Borrowers, the Subsidiary Guarantors and the Collateral Agent.

  • Loss in Excess of Policy Limits means 90.0% of any amount paid or payable by the Company in excess of its policy limits, but otherwise within the terms of its policy, such loss in excess of the Company’s policy limits having been incurred because of, but not limited to, failure by the Company to settle within the policy limits or by reason of the Company’s alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of an action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such an action.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Defects Liability Certificate means the certificate issued by Architect upon correction of defects by the Contractor.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.