Common use of Cross-Liability Clause Clause in Contracts

Cross-Liability Clause. Where Insured comprises of more than one entity or person, each entity or person indemnified is separately indemnified in respect of claims made against any of them by any other person or party (other than the named Insured) subject to Company's total liability not exceeding the Limits of Liability stated in the Policy Schedule. Subject to all of the terms and conditions of this insurance the Company will pay all costs, fees and expenses incurred by the Insured with prior consent of the Company in the investigation, defence or settlement of any claim made against the Insured and the costs of representation at any inquest, inquiry or other proceedings in respect of matters which have a direct relevance to any claim made or which might be made against the Insured, provided such claim or claims are the subject of indemnity by the Policy. Such costs, fees and expenses are called `Defence Cost' and it shall serve to reduce the Limit of Indemnity of this Policy as stated in the Policy Schedule. The Company’s obligations hereunder end when the Company has used up the applicable Limit of Indemnity.