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

  • 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.

  • 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.

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

  • Unless otherwise stipulated in Section B, Offeror/Contractor must have the following insurance and coverage minimums: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.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.

  • Commercial General Liability coverage shall be provided with limits of not less than $1,000,000 for any one Occurrence and if a General Aggregate limit is used, it shall not be less than twice the 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 either Commercial General Liability or Business Auto Liability.

  • If we consider that your request is manifestly unfounded, excessive or repetitive, we reserve the right to charge you an administrative fee.We will process any request in line with any local laws and our policies and procedures.

  • 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.

  • 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.

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

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

  • Disruption Event means either or both of:

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

  • Imminent danger means a condition or practice in a place of employment that could reasonably be expected to cause death or serious physical harm immediately or before the danger can be eliminated through the procedures set forth in rule 875—8.6(88).

  • 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.

  • 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.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.