Separate Limit of Liability definition

Separate Limit of Liability means the applicable Separate Limit of Liability, if any, stated in ITEM 4 of the Declarations.
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Separate Limit of Liability means the Separate Limit of Liability applicable to any Coverage Section, as stated in Item 3 of the Declarations.
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Separate Limit of Liability means the applicable Separate Limit of Liability (to the extent elected for a Coverage Part) set forth in Item 4. of the Declarations.
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Examples of Separate Limit of Liability in a sentence

  • Any such Separate Limit of Liability shall be part of, and not in addition to, the Policy Aggregate Limit of Liability stated in ITEM 4 of the Declarations and shall in no way serve to increase such Policy Aggregate Limit of Liability.

  • If the Separate Limit of Liability or Shared Limit of Liability applicable to any Liability Coverage Section is exhausted by the Underwriter’s payment of Loss, all obligations of the Underwriter under such Liability Coverage Section(s) will be completely fulfilled and exhausted, and the premium for such Liability Coverage Section(s) will be fully earned.

  • This has reduced its capacity in some areas and members need to be aware of the limitations of the resource at our disposal.

  • Second, only after payment of Loss has been made pursuant to subparagraph (1) above and to the extent that any amount of the applicable Separate Limit of Liability or Shared Limit of Liability shall remain available, at the written request of the chief executive officer of the Named Entity, either pay or withhold payment of Loss covered under Insuring Agreement B.

  • Section 502(c) Penalties Sublimit:The Underwriter’s maximum limit of liability for all Section 502(c) Penalties resulting from all Claims shall be the amount stated in ITEM 4 of the Declarations as the Section 502(c) Penalties Sublimit, which amount shall be part of, and not in addition to, the Policy Aggregate Limit of Liability and any Separate Limit of Liability or Shared Limit of Liability applicable to this Coverage Section.

  • Defence Costs are part of and not in addition to all limits of liability applicable to this Policy, except where required by the laws of the Province of Quebec, including the Policy Aggregate Limit and any applicable Shared Limit of Liability or Separate Limit of Liability.

  • OTHER INSURANCEThis Policy shall apply only in excess of any other valid and collectible insurance, other than insurance written as specific excess insurance over the Policy Aggregate Limit, or over the Shared Limit of Liability or Separate Limit of Liability applicable to any Coverage Section of this Policy.

  • Section 4975 Tax Penalties Sublimit:The Underwriter’s maximum limit of liability for all Section 4975 Tax Penalties resulting from all Claims shall be the amount stated in ITEM 4 of the Declarations as the Section 4975 Tax Penalties Sublimit, which amount shall be part of, and not in addition to, the Policy Aggregate Limit of Liability and any Separate Limit of Liability or Shared Limit of Liability applicable to this Coverage Section.

  • EMTALA Claim Sublimit:The Underwriter’s maximum limit of liability for all civil fines and penalties resulting from all Claims for violations of EMTALA shall be the amount stated in ITEM 4 of the Declarations as the EMTALA Claim Sublimit, which amount shall be part of, and not in addition to, the Policy Aggregate Limit of Liability and any Separate Limit of Liability or Shared Limit of Liability applicable to this Coverage Section.

  • However, the Insurer shall not be obligated to defend such Claim after the Policy Aggregate or any applicable Separate Limit of Liability or Shared Limit of Liability has been exhausted, or after an Insured’s rejection (or failure or refusal to accept within the time prescribed in the “Settlement Opportunity” paragraph of this Clause 7) of a Settlement Opportunity.

Related to Separate Limit of Liability

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Loss in excess of policy limits means 90.0% of any amount paid or payable by the Company in excess of its policy limits, but otherwise within the terms of its policy, such loss in excess of the Company’s policy limits having been incurred because of, but not limited to, failure by the Company to settle within the policy limits or by reason of the Company’s alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of an action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such an action.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Personal liability means personal liability for a debt, liability, or other obligation of an organization which is imposed on a person that co-owns, has an interest in, or is a member of the organization:

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Proportionate Liability means the proportion of any judgment that, had the Settling Defendants not settled, the Ontario Court or Quebec Court, as applicable, would have apportioned to the Releasees.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • the limits of deviation means the limits of deviation shown on the deposited plan;

  • Express warranty means an express warranty as set forth in sections 4-2-313 and 4-2.5-210, C.R.S. An express warranty shall cover every part of a new facilitative device.

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Cover Damages means, with respect to any Delivery Shortfall, an amount equal to (a) the positive net amount, if, any, by which the Replacement Price exceeds the applicable Price that would have been paid pursuant to Section 5.1 and the Cover Sheet, multiplied by the quantity of that Delivery Shortfall, plus (b) any applicable penalties and other costs assessed by ISO-NE or any other Person against Buyer as a result of Seller’s failure to deliver such Products in accordance with the terms of this Agreement. Buyer shall provide a statement for the applicable period explaining in reasonable detail the calculation of any Cover Damages.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • Express Waiver I desire to expressly waive any claim of confidentiality as to any and all information contained within our response to the competitive procurement process (e.g. RFP, CSP, Bid, RFQ, etc.) by completing the following and submitting this sheet with our response to Education Service Center Region 8 and TIPS. Signature Date

  • Vote Limit means the percentage interest specified in a Vote Limit Certificate by a Vote Limited Member pursuant to which such Member (together with such Vote Limited Member’s affiliates) will be irrevocably limited to such Vote Limit in any vote taken under Sections 2.1, 2.8, 2.9 and 8.2.

  • Loss of Limb means loss by physical severance of a hand at or above the wrist or of a foot at or above the ankle.