Examples of Primary Policies in a sentence
The Umbrella/Excess Policy must follow form of the Primary Policies noted as A, B & C and be extended to “drop down” to become primary in the event the primary limits are reduced or the aggregate limits are exhausted.
Great American may allocate indemnity payments made by it under either this Agreement or any prior agreement for Environmental Claims to the Great American Primary Policies in its sole discretion, except that allocation of future indemnity payments pursuant to Article Two herein shall only be allocated to policies issued prior to December 31, 1977.
The Port and Great American represent and warrant that they have both made diligent searches for primary or excess liability policies issued to the Port and are unaware of any liability policies issued to the Port by Great American other than the Great American Primary Policies and the Alleged Policies.
A: No liability shall attach to the Insurers hereunder unless and until the Primary Insurers have paid or have been held liable to pay the full amount of their ultimate net loss liability (after making proper deductions for all recoveries, salvages and other insurances (other than the Primary Policies as stated in the Schedule) whether recovered or not excluding all costs and expenses as specified in Items 4, 5 or 6 of the Schedule (hereinafter called "the excess any one loss").
The INSURERS hereby agree to indemnify the Insured to the extent of the limits as specified in Items 4, 5 and 6 of the Schedule hereof in respect of all sums which the Insured shall become legally liable to pay as damages consequent upon bodily injury and loss of or damage to property occurring during the Period of Insurance and arising out of the Business all as more fully described in the Primary Policies (hereinafter called "the Primary Policy").