Base Coverage. i. There shall be computed a benefit allocation for each Party (its "Base Coverage") determined by applying to the Policy's limit of liability the allocation percentage shown for that Party in Schedule B; ii. Each Party suffering a Covered Loss shall be entitled to a benefit of up to the amount of its Base Coverage.
Appears in 9 contracts
Sources: Agreement Among Insureds (Hawaiian Tax Free Trust), Agreement Among Insureds (Cascades Trust), Agreement Among Insureds (Hawaiian Tax Free Trust)
Base Coverage. i. There shall be computed a benefit allocation for each Party (its "“Base Coverage"”) determined by applying to the Policy's ’s limit of liability the allocation percentage shown for that Party in Schedule B;
ii. Each Party suffering a Covered Loss shall be entitled to a benefit of up to the amount of its Base Coverage.
Appears in 5 contracts
Sources: Agreement Among Insureds (Aquila Funds Trust), Agreement Among Insureds (Aquila Funds Trust), Agreement Among Insureds (Aquila Municipal Trust)
Base Coverage. i. There shall be computed a benefit allocation for each Party (its "Base Coverage") determined by applying to the Policy's limit of liability for that Level the allocation percentage for that Level shown for that Party in Schedule B;
ii. Each Party suffering a Covered Loss shall be entitled to a benefit of up to the amount of its Base Coverage.
Appears in 1 contract
Sources: Agreement Among Insureds Under D&o/E&o Insurance Policy (Cash Assets Trust)