Indemnity Incident Cap definition
Indemnity Incident Cap means the sum calculated in accordance with Clause 11.6.5;
Examples of Indemnity Incident Cap in a sentence
For the purposes of determining the Indemnity Incident Cap under Clause 11.6.5, the applicable Contract Year shall be the Contract Year in which the relevant incident, event or circumstance begins to occur.
For the purposes of determining the Indemnity Incident Cap under Clause 11.6.5, the applicable Contract Year shall be the Contract Year (as defined in Schedule 9) in which the relevant incident, event or circumstance begins to occur.
The Indemnity Incident Cap for the first Contract Year shall mean the sum of £6,500,000 and in relation to any subsequent Contract Year, the sum calculated in accordance with the following formula: = U$'&$ V .