Underlying Policy Limits definition

Underlying Policy Limits means the combined limits of liability of the Underlying Policies, including costs and expenses incurred in the defense or settlement of any claim.
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Underlying Policy Limits means the combined limits of liability of the Underlying Policies for each type of insurance, including costs and expenses incurred in the defense or settlement of any claim.
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Examples of Underlying Policy Limits in a sentence

  • Liability to pay under this Policy shall not attach unless and until the insurers of the Underlying Policies shall have paid or have admitted liability or have been held liable to pay, the full amount of the Underlying Policy Limits.

  • It is a condition of this Policy that the Underlying Policies shall be maintained in full effect during the Period of Insurance except for any reduction of the Underlying Policy Limits solely by payment of any claims or costs and expenses incurred in the defense or settlement of such claims.

  • The Westchester Policy is a true excess policy, obligating Westchester to pay only “for Loss by reason of exhaustion by payments of all Underlying Policy Limits of all underlying policies.” JR-131.Coverage under the Westchester Policy follows form to the Followed Policy, meaning that Westchester agreed to provide coverage “in accordance with the terms, definitions, conditions, exclusions and limitations of the Followed Policy.” JR-131.

  • The risk of uncollectibility of any part of the total Underlying Policy Limits, for any reason, is expressly retained by the Insured and any insureds, and is not assumed by the Company.

  • The Company’s coverage obligations under this Policy attach to the Company only after the total Underlying Policy Limits have been reduced or exhausted through payments of covered loss by, on behalf of or in the place of the Insurers of the Underlying Policies pursuant to the terms and conditions of the Underlying Policies.

  • It is a condition of this Policy that the Underlying Policies shall be maintained in full effect during the Policy Period except for any reduction of the Underlying Policy Limits solely by payment of any claims or losses or costs and expenses incurred in the defense or settlement of such claims.

  • In the event of exhaustion, this Policy shall continue in force as primary insurance only upon the exhaustion of the total Underlying Policy Limits and satisfaction of any applicable retention by reason of such payments.

Related to Underlying Policy Limits

  • 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.

  • Effluent limitation guideline means a regulation published by the Administration under Section 304(b) of the CWA to adopt or revise effluent limitations.

  • Policy Grievance shall be signed by a xxxxxxx or a Union representative or, in the case of an Employer's policy grievance, by the Employer or its representative.

  • 2%/25% Guidelines has the meaning set forth in Section 13.

  • DWP Offshoring Policy means the Authority’s policy and procedures as advised to the Contractor by the Authority from time to time.

  • Xxxxxx Mae Guide The Xxxxxx Xxx Single Family Seller/Servicer Guide and all amendments or additions thereto.

  • Anti-Corruption Guidelines means the “Guidelines on Preventing and Combating Fraud and Corruption in Projects Financed by IBRD Loans and XXX Credits and Grants”, dated October 15, 2006.

  • Valuation Guidelines means the valuation guidelines adopted by the Board, as amended from time to time.

  • Substantially limits means the extent to which the impairment limits an individual’s ability to perform a major life activity as compared to most people in the general population, whether or not an individual chooses to forgo mitigating measures. 42 U.S.C. 126 §12102(4); 28 CFR §35.108(d); 28 CFR §35.105(d) The rules of construction when determining whether an impairment substantially limits performance of a major life activity include:

  • Imminent safety hazard means an imminent and unreasonable risk of death or severe personal injury.

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.

  • Safeguard Policy Statement or “SPS” means ADB's Safeguard Policy Statement (2009);

  • Normal Maximum Generation means the highest output level of a generating resource under normal operating conditions.

  • Xxxxxx Mae Guides The Xxxxxx Xxx Xxxxxxx’ Guide and the Xxxxxx Mae Servicers’ Guide and all amendments or additions thereto.

  • Trading Policy means the Company’s policy permitting certain individuals to sell Company shares only during certain “window” periods and/or otherwise restricts the ability of certain individuals to transfer or encumber Company shares, as in effect from time to time.

  • Applicable effluent standards and limitations means all State and Federal effluent standards and limitations to which a discharge is subject under the Act, including, but not limited to, effluent limitations, standards of performance, toxic effluent standards and prohibitions, and pretreatment standards.

  • Negligent treatment or maltreatment means an act or a

  • Fxxxxx Mae Guides The Fxxxxx Mxx Selling Guide and the Fxxxxx Mae Servicing Guide and all amendments or additions thereto.

  • Modification Guidelines has the meaning provided in Section 2.1(a) of this Single Family Shared-Loss Agreement.

  • Xxxxxx Xxx Guides The Xxxxxx Xxx Xxxxxxx' Guide and the Xxxxxx Xxx Servicers' Guide and all amendments or additions thereto.

  • Xxxxxx Xxx Guide means the Xxxxxx Mae MBS Selling and Servicing Guide, as such Guide may hereafter from time to time be amended.

  • Technically permissible maximum laden mass means the maximum mass allocated to a vehicle on the basis of its construction features and its design performances.

  • Risk-Based Capital Guidelines means (i) the risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside the United States implementing the July 1988 report of the Basle Committee on Banking Regulation and Supervisory Practices Entitled “International Convergence of Capital Measurements and Capital Standards,” including transition rules, and any amendments to such regulations adopted prior to the date of this Agreement.

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • Emission standard means specified limitations on the discharge of air contaminants into the atmosphere.

  • Support Policy shall have the meaning given to it in the Support Terms (defined below).