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.
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Aggregate Limit of Indemnity means twice the Limit of Indemnity specified in the Schedule.
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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.
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Examples of Aggregate Limit of Indemnity in a sentence

  • The total of all payments made under the ‘Extensions’ will be part of and not in addition to the Limit of Indemnity and the Maximum Aggregate Limit of Indemnity, unless otherwise stated.

  • Limit of indemnity and maximum aggregate limit of indemnityThe liability of the Insurer for compensation and claimant’s costs and expenses in respect of any one Claim first made against the Insured and notified to the Insurer during the Policy Period shall not exceed the Limit of Indemnity.The aggregate liability of the Insurer under this Policy will not exceed the Maximum Aggregate Limit of Indemnity for all Claims first made against the Insured and notified to the Insurer during the Policy Period.

  • Aggregate Limit of Indemnityshall mean the amount shown as the Aggregate Limit of Indemnity in the Schedule.

  • The Annual Aggregate Limit of Indemnity is defined as the maximum liability of the Company in respect of all losses from all occurrences during the Period of Insurance.

  • EndorsementsAn Endorsement does not affect or increase the Limit of Indemnity, the Maximum Aggregate Limit of Indemnity or any other term, except to the extent specifically provided in the Endorsement.

  • Insurance and the amount remaining after deduction, from the amount stated herein as the Annual Aggregate Limit of Indemnity, for all other losses occurring during the same Period of Insurance.

  • At all times the Maximum Aggregate Limit of Indemnity for the Policy applies.

  • 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.

  • Where a sub-limit is stated in the Schedule, or this Policy, that sub-limit shall form part of and erode the Maximum Aggregate Limit of Indemnity for the Policy under this Policy.

  • The Excess and the Limit of Indemnity stated in the Schedule apply to the optional extensions and the optional extensions shall not increase the Limit of Indemnity nor the Aggregate Limit of Indemnity.


More Definitions of Aggregate Limit of Indemnity

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.
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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 8.4.3.

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • 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.

  • 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.

  • 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 Insert the following Section 15, after Section 14:

  • 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 among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • 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.

  • Purchaser Indemnitees has the meaning set forth in Section 7.02.

  • 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.