Limit Any One Loss definition

Limit Any One Loss means the maximum amount We will pay for any one claim as specified in the Schedule and applies where blanket cover has been selected.
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Limit Any One Loss means the limit of the Company's liability for any single loss arising in the Situation or for the cost of repairs or replacement of the Safe or Strongroom. EXCLUSIONS applicable to Section 5This Section of the Policy does not cover 1. Strike and Riot - Any consequence of strike or riot. 2. Forgery - Any loss due to or arising out of forged bank or currency notes. 3. Error or Omission - Shortages due to error or omission or shortages resulting from clerical or accounting errors or loss due to errors in receiving or paying out. 4. Cheating - Any loss or damage caused by or attributed to the act of cheating by the Insured or any person in the service of the Insured, within the meaning of the definition of the offence of cheating set out in the Penal Code. Cheating as defined in the Penal Code is as follows:-
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Limit Any One Loss means the limit of the Company's liability for any single loss arising in the Situation or for the cost of repairs or replacement of the Safe or Strongroom.
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Examples of Limit Any One Loss in a sentence

  • The Company will indemnify the Insured against Loss of Business Money in the circumstances described below by any cause whatsoever up to the respective amounts specified in the Schedule as the Limit Any One Loss.

  • Safes, Strongrooms, Tills and Stamp Franking MachinesThe Company will indemnify the Insured in respect of Damage to any safe or strongroom or till or any stamp franking machine, the property of the Insured or for which the Insured is legally responsible, from any cause whatsoever up to the respective amounts specified in the Schedule as the Limit Any One Loss but not for the costs of preparing any claim.

  • We will subtract the applicable Excess from the claim otherwise payable and We will then pay to You the amount of Loss or Damage up to the applicable Sum Insured or Limit Any One Loss less the applicable Excess.

  • The Company will indemnify the Insured against Loss of Money in the circumstances described below by any cause whatsoever up to the respective amounts specified in the Schedule as the Limit Any One Loss.

  • Inventions shall specifically not include Contractor Information.

  • Safes, Strongrooms, Tills and Stamp Franking Machines The Company will indemnify the Insured in respect of Damage to any safe or strongroom or till or any stamp franking machine, the property of the Insured or for which the Insured is legally responsible, from any cause whatsoever up to the respective amounts specified in the Schedule as the Limit Any One Loss but not for the costs of preparing any claim.


More Definitions of Limit Any One Loss

Limit Any One Loss means the maximum amount We will pay for any one claim as specified in the Schedule.
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Related to Limit Any One Loss

  • Direct Loss means, in respect of either Party, any losses, liabilities, expenses, damages, costs and Claims arising directly as a result of the other Party's failure to perform its obligations under this Agreement, and for the avoidance of doubt, includes, in respect of the Seller, any loss of payment which would have been due to it but for the Buyer's breach of this Agreement;

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • Net operating loss means a loss incurred by a person in the operation of a trade or business. "Net operating loss" does not include unutilized losses resulting from basis limitations, at-risk limitations, or passive activity loss limitations.

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • First Loss Tranche means the dollar amount of liability that the Assuming Bank will incur prior to the commencement of loss sharing, which is the sum of (i) the Assuming Bank’s asset premium (discount) bid, as reflected on the Assuming Bank’s bid form, plus (ii) the Assuming Bank’s Deposit premium bid, as reflected on the Assuming Bank’s bid form, plus (iii) the Equity Adjustment. The First Loss Tranche may be a positive or negative number.