Underlying Limits definition

Underlying Limits means, with respect to each Insurance Product, an amount equal to the aggregate of all limits of liability for each Insurance Product stated in Endorsement No. 1 to this Policy, plus the uninsured retention or deductible, if any, applicable to the Primary Policy under such Insurance Product.

Underlying Limits means an amount equal to the total of all aggregate limits of liability for all Underlying Policies, plus the uninsured retention or deductible applicable to the primary policy named in Item 5. of the Declarations.

Underlying Limits means: the greater of:

Examples of Underlying Limits in a sentence

• If the Underlying Limits are partially reduced solely due to actual payment under the Underlying Insurance, this Policy shall continue to apply as excess insurance over the remaining Underlying Limits.

• All of the Underlying Insurance in effect as of the inception date of the Policy Period shall be maintained in full effect with solvent insurers throughout the Policy Period except for any reduction or exhaustion of the Underlying Limits as provided in Section IV.

• If the Underlying Limits are wholly exhausted solely due to actual payment under the Underlying Insurance, this Policy shall continue to apply as primary insurance with respect to the applicable Insurance Product(s) and the retention or deductible, if any, applicable under the Primary Policy(ies) shall apply under this Policy.

• C If any Underlying Limits are subject to a Sublimit then coverage hereunder shall not apply to any Claim which is subject to such Sublimit, provided however, that the Underlying Limit shall be recognized hereunder as depleted to the extent of any payment of such Claim subject to such Sublimit.

• If however, a settlement of the loss is practicable prior to taking the case into court, whether by compromise or otherwise, for a sum not exceeding the Underlying Limits, no legal costs shall be payable by the Insurers.

More Definitions of Underlying Limits

Underlying Limits means the aggregate sum of all limits of liability of all

Underlying Limits means an amount equal to the aggregate of all the limits of the Underlying Insurance combined (excess of their retentions).

Underlying Limits means the sum of amounts:

Underlying Limits as used in the Hudson Policy means the greater of the “amounts set forth in Item 7 of the Declarations as the underlying limits,” or “the sum of the applicable limits of liability of all insurance available to the insured for injury or damage to which this policy applies . . . .” Id. “Using” as used in the Hudson Policy means “maintaining, entrustment to others, operating,

Underlying Limits means the total aggregate of all limits of liability of all Underlying Insurance.

Underlying Limits means an amount equal to the total of all of the aggregate Limits of Liability, as set forth in Item 4 of the Declarations, for all Underlying Insurance.

Underlying Limits means the amount shown in the Declarations and the “certificate of coverage” as the Minimum Required Underlying Limit for each coverage provided by the “required underlying insurance”.