Common use of Application of Excess Clause in Contracts

Application of Excess. (a) The Insured shall be liable to pay the amount of the Excess in respect of each Event/Occurrence. If a series of claims are made under a Section of this Policy arising out of the one Event/Occurrence then only one Excess shall apply in respect of that Policy Section. In respect to Section 2, the Excess is inclusive of Defence and Other Costs as described.

Appears in 3 contracts

Samples: Design Alliance Agreement, Project Alliance Agreement, Project Alliance Agreement

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Application of Excess. (a) The Insured shall be liable to pay the amount of the Excess in respect of each Event/Occurrence. If a series of claims are made under a Section of this Policy arising out of the one Event/Occurrence Event then only one Excess shall apply in respect of that Policy Section. In respect to Section 2, the Excess is inclusive of Defence and Other Costs as describedapply.

Appears in 2 contracts

Samples: Project Alliance Agreement, Project Alliance Agreement

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Application of Excess. (a) 2.1 The Insured shall be liable to pay the amount of the Excess in respect of each Event/Occurrence. If a series of claims are made under a Section of this Policy arising out of the one Event/Occurrence then only one Excess shall apply in respect of that Policy Section. In respect to Section 2, the Excess is inclusive of Defence and Other Costs as describeddescribed in clause 2.

Appears in 1 contract

Samples: Project Alliance Agreement

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