Accumulation clause Sample Clauses

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Accumulation clause. If several insured events occur: - due to the same cause; or - due to similar causes between which an internal, particularly causal and temporal connection exists; and these insured events are partially covered by - this professional liability insurance policy and partially by an environmental liability insurance policy and/or an environmental damages insurance, - an environmental liability insurance policy and partially by an environmental damages insurance policy, then the total amount of both insured sums shall N O T be available. The total insured amount available shall be no more than one insured sum in the event that both insured sums are the same otherwise it shall be a maximum of the higher insured sum. If the insured events covered by the professional liability insurance or environmental liability insurance or environmental damages insurance respectively occur in different insurance years, then the applicable insurance year for determining the maximum insured sums for these insured events shall be that in which the first insured event covered within the framework of the professional liability insurance occurred. If the policyholder has several liability insurances (individual contracts) by the insurer or its affiliates, the aforementioned provisions shall apply accordingly.
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Accumulation clause. If there is an accumulation of Subject-matter insured beyond the transit limits of the Policy by reason of any interruption in transit and/or occurrence beyond the control of the Assured, or by reason of any casualty and/or transhipping point and/or on a connecting vessel or conveyance, then the Policy extends to cover such excess Subject-matter insured and the Insurer is liable for the full amount at risk provided notice be given to the Insurer as soon as known to the Assured. Notwithstanding the foregoing, in no case shall the Insurer be liable under this Accumulation Clause for an amount greater than twice the relevant Policy Limit, but in no case exceeding the combined single limit of the policy.
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Related to Accumulation clause

  • DURATION CLAUSE 1. This Agreement shall be in full force and effect from May 1st, 2022 to and including April 30th, 2027 and shall continue from year to year thereafter unless written notice of desire to cancel or terminate the Agreement is served by wither party upon the other not less than sixty (60) and not more than ninety (90) days prior to April 30th, 2022 or April 30th of any subsequent year. 2. Where no such cancellation or termination notice is served and the parties desire to continue said Agreement, but also desire to negotiate changes or revisions in this Agreement, either party may serve upon the other a written notice not less than sixty (60) and not more than ninety (90) days prior to April 30th, 2022, or April 30th of any subsequent contract year, advising that such party desires to revise or change terms or conditions of such Agreement. The respective parties shall be permitted all legal or economic recourse to support their requests for revisions if the parties fail to agree thereon. Nothing herein shall preclude the parties from making revisions or changes in this Agreement, by mutual consent, at any time during its term.

  • TERMINATION CLAUSE Upon breach of the contract by the Developer, the City, by giving written notification, may terminate this contract immediately. A breach shall include, but not be limited to, failure to comply with any or all items contained within Section 1 through Section 30, Exhibits and/or provisions of any subsequent contractual amendments executed relative to this contract. In the event of a breach of contract, the Developer agrees to re-pay any HOME funds advanced under this agreement. The Developer further agrees to transfer ownership of any properties that are the subject of incomplete projects that have been funded under this agreement to the City, or as directed by the City, in order to facilitate project completion, as required under the HOME regulation.

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  • Integration Clause Except for documents and instruments specifically referenced herein, this Agreement constitutes the entire agreement between Bank and Borrower regarding the Loan and all prior communications verbal or written between Borrower and Bank shall be of no further effect or evidentiary value.

  • Mandatory Clauses Mandatory Clauses Part 2: Mandatory Clauses of the Approved Addendum, being the template Addendum B.1.0 issued by the ICO and laid before Parliament in accordance with s119A of the Data Protection Act 2018 on 2 February 2022, as it is revised under Section 18 of those Mandatory Clauses.