Occurrence limit definition

Occurrence limit means any specific limit, oth- er than an aggregate limit, applicable to any underlying insurance, regardless of whether such limit is subject to an aggregate limit in the underlying policy.
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Occurrence limit means the amount of coverage that applies to loss in any one occurrence at each location.
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Occurrence limit means the total amount that CCS JPA or its reinsurers are legally obligated to pay for a single OCCURRENCE as set forth in the SCHEDULE OF LIMITS to this MOC. All BODILY INJURY, PERSONAL INJURY and/or PROPERTY DAMAGE arising out of an ACCIDENT and/or OCCURRENCE shall be deemed one OCCURRENCE. Only one PERIOD OF COVERAGE, one DEDUCTIBLE, and one OCCURRENCE LIMIT are applicable to any one OCCURRENCE.
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Examples of Occurrence limit in a sentence

  • The minimum Single Occurrence limit is $500,000.00 and the General Aggregate limit must be at least two times the Single Occurrence limit.

  • General liability insurance with a Single Occurrence limit of at least $1,000,000.00, and a General Aggregate limit of at least two times the Single Occurrence limit.

  • There is no minimum Per Occurrence limit of liability under the Umbrella or Excess Liability; however, the Annual Aggregate limit shall not be less than the highest “Each Occurrence” limit for the Commercial General Liability and Business Auto Liability.

  • There is no minimum Per Occurrence limit of liability under the Umbrella or Excess Liability, however, the Annual Aggregate limits shall not be less than the highest ‘Each Occurrence’ limit for required policies.

  • Product liability insurance with a Single Occurrence limit of at least $1,000,000.00, and a General Aggregate limit of at least two times the Single Occurrence limit for all Products except Automotive Fire Apparatus.

  • There is no minimum Per Occurrence limit of liability under the Umbrella or Excess Liability; however, the Annual Aggregate limit shall not be less than the highest "Each Occurrence" limit for either Commercial General Liability or Business Auto Liability.

  • Irrespective of the number and timing of losses, the Underwriter shall be liable in respect of any one Occurrence only up to a limit of the amount specified as the Occurrence limit in the Policy Declaration in effect at the time of the commencement of the Occurrence.

  • There is no minimum Per Occurrence limit of liability under the Umbrella or Excess Liability; however, the Annual Aggregate limit shall not be less than the highest “Each Occurrence” limit for either Commercial General Liability or Business Auto Liability.

  • The limits under such policy shall not be less than the following: • Each Occurrence limit $2,000,000.00• General Aggregate $2,000,000.00• Products/Completed Operations $2,000,000.00• Personal Advertising Injury $1,000,000.00• Damage to Rented Premises $50,000.00• Medical Expense $5,000.00 The following ISO forms must be endorsed to the policy:a.

  • The limits under such policy shall not be less than the following: • Each Occurrence limit $1,000,000.00• General Aggregate $2,000,000.00• Products/Completed Operations $2,000,000.00• Personal Advertising Injury $1,000,000.00• Damage to Rented Premises $50,000.00• Medical Expense $5,000.00 The following ISO forms must be endorsed to the policy:a.


More Definitions of Occurrence limit

Occurrence limit means the total amount, including but not limited to the accrued costs of defense that TRANSIT AGENCY, its excess insurers and/or its reinsurers are legally obligated to pay for a single OCCURRENCE or WRONGFUL ACT. Only one MOC, one SELF-INSURED RETENTION and/or DEDUCTIBLE,
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Related to Occurrence limit

  • Occurrence means an accident, including continuous or repeated exposure to substantially the same general harmful conditions.

  • Emergency Event means any situation arising from sudden and reasonably unforeseen natural disaster such as earthquake, flood, fire, or other acts of God, or other unforeseen events beyond the control of the portable engine or equipment unit operator, its officers, employees, and contractors that threatens public health and safety and that requires the immediate temporary operation of portable engines or equipment units to help alleviate the threat to public health and safety.

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • OFAC Event means the event specified in Section 8.13(c) hereof.

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • XXXX Event means if there are any Mortgaged Properties at any time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (including any incremental credit facility hereunder, but excluding (i) any continuation or conversion of Borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit).

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Eurodollar Disruption Event The occurrence of any of the following: (a) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that it would be contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain Dollars in the London interbank market to fund any Advance, (b) any Liquidity Bank shall have notified the Administrative Agent of the inability, for any reason, of such Liquidity Bank or any of its assignees or participants to determine the Adjusted Eurodollar Rate, (c) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that the rate at which deposits of Dollars are being offered to such Liquidity Bank or any of its assignees or participants in the London interbank market does not accurately reflect the cost to such Liquidity Bank, such assignee or such participant of making, funding or maintaining any Advance, (d) any Liquidity Bank shall have notified the Administrative Agent of the inability of such Liquidity Bank or any of its assignees or participants to obtain Dollars in the London interbank market to make, fund or maintain any Advance or (e) any Liquidity Bank shall have notified the Administrative Agent that the principal amount of Advances to be funded by it is less than $500,000.

  • Delay Event means: (i) a tsunami, flood, cyclone, earthquake, bushfire or other act of nature; (ii) riot, civil commotion, war, invasion or a terrorist act; (iii) an imminent threat of an event in paragraphs (i) or (ii); or (iv) compliance with any lawful direction or order by a Government Agency;

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Special Hazard Coverage Termination Date The point in time at which the Special Hazard Loss Coverage Amount is reduced to zero.

  • FX Market Disruption Event means each of the following events:

  • Loss Event means (A) an annual pre-tax loss at GS Inc. or (B) annual negative revenues in one or more reporting segments as disclosed in the Firm’s Form 10-K other than the Investing & Lending segment, or annual negative revenues in the Investing & Lending segment of $5 billion or more, provided in either case that you are employed in a business within such reporting segment.

  • Availability Termination Date means, as to either Borrower, the earliest of (a) the Maturity Date for such Borrower, (b) the reduction of the Borrower Sublimit of such Borrower to zero pursuant to Section 2.8.3 or termination of the obligation to make Loans to, or issue Letters of Credit for the account of, such Borrower pursuant to Section 8.1 and (c) the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8.3 or Section 8.1.

  • Disruption Event means either or both of:

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”

  • Imminent danger means an existing dangerous situation that could reasonably be expected to immediately cause death or serious physical harm.

  • Market Disruption Event means either of the following events as determined by the Calculation Agent:

  • Barrier Event means that R (final) is lower than the Barrier.

  • Catastrophic Event : means an unforeseen event of biotic or abiotic nature caused by human action that leads to important disturbances of agricultural production systems and forest structures, eventually causing important economic damage to the farming or forestry sectors;

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(iii) of this Agreement.