Examples of Assumed Under Contract in a sentence
To pay on behalf of the Insured: Damages and Claims Expenses, in excess of the Retention, which the Insured shall become legally obligated to pay because of liability imposed by law or Assumed Under Contract resulting from any Claim first made against any Insured during the Policy Period or Optional Extension Period (if applicable) and reported to the Underwriters during the Policy Period or as otherwise provided in Clause IX.
Loss means any monetary judgment, award or settlement, including any actual, statutory, punitive, multiplied or exemplary damages; pre-judgment and post-judgment interest; any judgment or award ordering payment of attorney’s fees or costs; and liability Assumed Under Contract in connection with a Claim covered under this policy, but Loss does not include any: a.
The Underwriters will pay on behalf of the Insured Damages and Claims Expenses, in excess of the Deductible, which the Insured shall become legally obligated to pay because of liability imposed by law or Assumed Under Contract resulting from any Claim first made against any Insured during the Policy Period or Extended Reporting Period (if applicable) and reported in writing to the Underwriters during the Policy Period or as otherwise provided in Clause XI.
Examples of Assumed Under Contract are hold harmless or indemnity agreements with advertisers, advertising agencies, publishers, broadcasting companies and networks, cable television systems, authors and other entities distributing Matter.
Assumed Under Contract means liability of others, for Matter furnished by the Insured, that the Insured agrees to assume under a hold harmless or indemnity agreement but only to the extent such liability arises out of any Wrongful Act.