Application of limits Clause Samples
The 'Application of Limits' clause defines how monetary or other specified limits apply to obligations, liabilities, or entitlements under a contract. It typically outlines whether limits apply per claim, per period, or in aggregate, and may specify exceptions or carve-outs for certain types of claims or losses. This clause ensures that all parties understand the maximum extent of liability or benefit, thereby managing risk exposure and preventing unexpected or unlimited financial responsibility.
Application of limits. The limits identified under this AA §6B-4 do not apply to the following Matching Contribution formula(s):
Application of limits. The Employer's contribution to the Trust for any Plan Year is subject to Article IV limits and other Plan limits.
Application of limits. The limits identified in the following subsection(s) of this AA §6B-3 □ Subsection (b) above □ Subsection (c) above do not apply to the following Matching Contribution formula(s):
Application of limits. The Employer will not make a contribution to an Investment Arrangement for any Plan Year to the extent the contribution would exceed any Article 4 limit or other Plan limit.
Application of limits. The limits identified in the following subsection(s) of this AA §6B-3 Subsection (b) above Subsection (c) above do not apply to the following Matching Contribution formula(s): (1) Discretionary match under AA §6B-2(a). (2) Fixed match under AA §6B-2(b). (3) Tiered match under AA §6B-2(c). (4) Discretionary tiered match under AA §6B-2(d). (5) Year of Service match under AA §6B-2(e).
Application of limits. The hourly pro- ceeding and multiple suit limits set forth above represent the most ACSI will pay regardless of:
(1) the total cost or expense required to prepare for or defend any covered suits, in- quiries, or related appeals;
(2) the number of plaintiff's, victims, ac- cusers, or other persons or entities alleging damage, injury or loss;
(3) the number of persons or entities that are the subject of lawsuit or inquiry or number of attorney or law firms representing such per- sons;
(4) the number of Employment Practic- es Proceedings or Covered Student Law- suits that are filed during the Indemnity Pe- riod;
(5) the number of alleged acts, omissions or incidents or exposures upon which the pro- ceeding or proceedings are based;
(6) the number of indemnity agreements or length of the number of Indemnity Peri- ods, or portions thereof, during the course of which any proceeding or proceedings should transpire;
Application of limits. THE FOREGOING LIMITATIONS SHALL APPLY REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF SUCH PARTY WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND NOTWITHSTANDING THE FAILURE OF ANY REMEDY OF ITS ESSENTIAL PURPOSE.
Application of limits. The liability of a party in respect of any Claim (for the purposes of this Schedule 5, the “defaulting party”) shall be limited as provided in this Schedule provided always that the provisions of this Schedule shall not apply, and nor shall any other limitation of any kind whatsoever apply, to any Claim made against a defaulting party to the extent the same is proven to have resulted from any fraudulent act, fraudulent misrepresentation or wilful misconduct by or on behalf such defaulting party.
Application of limits. The hourly proceed- ing and multiple suit limits set forth above rep- resent the most ACSI will pay regardless of:
(1) the total cost or expense required to prepare for or defend any covered suits, inquir- ies, or related appeals;
(2) the number of plaintiff's, victims, accus- ers, or other persons or entities alleging dam- age, injury or loss;
(3) the number of persons or entities that are the subject of lawsuit or inquiry or number of attorney or law firms representing such per- sons;
(4) the number of Employment Practices Proceedings or Covered Student Lawsuits that are filed during the Indemnity Period;
(5) the number of alleged acts, omissions or incidents or exposures upon which the proceed- ing or proceedings are based;
(6) the number of indemnity agreements or length of the number of Indemnity Periods, or portions thereof, during the course of which any proceeding or proceedings should transpire;