EXTENDED LIABILITY Clause Samples

The Extended Liability clause expands the duration or scope of a party's responsibility for certain obligations or damages beyond the standard terms of the contract. In practice, this clause may require a party to remain liable for losses, defects, or breaches that are discovered after the contract has ended, such as warranty claims or indemnification for third-party claims arising from actions during the contract period. Its core function is to ensure that parties remain accountable for specific risks or issues that may surface after the contractual relationship has formally concluded, thereby protecting the other party from unforeseen liabilities.
POPULAR SAMPLE Copied 21 times
EXTENDED LIABILITY. 1. If the insurance contract ends due to the complete or permanent discontinuation of the insured risk or due to termination by the insurer or the policyholder / the insured person under Clause 1.01.1 and 1.01.2, then insurance cover shall continue for such personal injury, property damage or jointly insured pecuniary losses under Clause 4.01.1 which occurred during the validity of the insurance policy but which had not yet been established at the time of the termination of the insurance contract. The following provisions shall apply: - The insurance cover shall apply for a term of 3 years from the date upon which the insurance contract ends. - The insurance cover shall continue for the entire period of extended liability within the scope of the insurance applicable upon the termination of the insurance contract, and shall also continue up to the amount of the unspent part of the insured sums for the insurance year in which the insurance contract ends.
View SourceView Similar (3)
EXTENDED LIABILITY. If a Representative of the Recipient does an act or omission that, if done or omitted by the Recipient constitutes a breach of this Agreement, then the Recipient is fully liable under this Agreement as if the Recipient had done the act or made the omission (it being understood that such liability shall be in addition to and not by way of limitation of any right or remedy the Provider or its Subsidiaries may have against Recipient’s Representatives with respect to such breach).
View SourceView Similar (2)
EXTENDED LIABILITY. Extended Liability coverage is available for certain ICS Products at an additional charge. ICS’ liability, if extended under this section, shall be increased to the declared value of the shipment, computed from all declared values on waybills comprised in the same shipment and for which Extended Liability coverage has been paid, up to a maximum of CDN$1,500 for the entire shipment as defined above. In the event a shipment comprises items shipped under the Extended Liability (EL) conditions and items shipped without the EL option, ICS Courier will be liable under the Extended Liability conditions for the part of the shipment for which EL coverage was paid and under Maximum Liability provisions for the part of the shipment for which EL coverage was not paid.
View SourceView Similar (2)
EXTENDED LIABILITY. Assume, create, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any person, firm or corporation, except by endorsement of negotiable instruments for deposit or collection except for business in the ordinary course in accordance with prior operations, for an amount in excess of $100,000.00.
View Source

Related to EXTENDED LIABILITY

  • Termination Liability If any Pricing Agreement shall be terminated pursuant to Section 7 hereof, the Company shall not then be under any liability to any Underwriter with respect to the Designated Securities covered by such Pricing Agreement except as provided in Section 4(a)(viii) and Section 6 hereof; but, if for any other reason Designated Securities are not delivered by or on behalf of the Company as provided herein, the Company will reimburse the Underwriters through the Representatives for all out-of-pocket expenses approved in writing by the Representatives, including fees and disbursements of counsel, reasonably incurred by the Underwriters in making preparations for the purchase, sale and delivery of such Designated Securities, but the Company shall then be under no further liability to any Underwriter with respect to such Designated Securities except as provided in Section 4(a)(viii) and Section 6 hereof.

  • Excess Liability Developer will purchase and maintain excess liability insurance in an amount not less than $5,000,000.

  • Landlord Liability Tenant, its successors and assigns, shall not assert nor seek to enforce any claim for breach of this Lease against any of Landlord's assets other than Landlord's interest in the Industrial Center. Tenant agrees to look solely to such interest for the satisfaction of any liability or claim against Landlord under this Lease. In no event whatsoever shall Landlord (which term shall include, without limitation, any general or limited partner, trustees, beneficiaries, officers, directors, or stockholders of Landlord) ever be personally liable for any such liability.

  • Tenant Liability In the event of any sublease or assignment, whether or not with Landlord’s consent, Tenant shall not be released or discharged from any liability, whether past, present or future, under this Lease, including any liability arising from the exercise of any renewal or expansion option, to the extent such exercise is expressly permitted by Landlord. Tenant’s liability shall remain primary, and in the event of default by any subtenant, assignee or successor of Tenant in performance or observance of any of the covenants or conditions of this Lease, Landlord may proceed directly against Tenant without the necessity of exhausting remedies against said subtenant, assignee or successor. After any assignment, Landlord may consent to subsequent assignments or subletting of this Lease, or amendments or modifications of this Lease with assignees of Tenant, without notifying Tenant, or any successor of Tenant, and without obtaining its or their consent thereto, and such action shall not relieve Tenant or any successor of Tenant of liability under this Lease. If Landlord grants consent to such sublease or assignment, Tenant shall pay all reasonable attorneys’ fees and expenses incurred by Landlord with respect to such assignment or sublease. In addition, if Tenant has any options to extend the term of this Lease or to add other space to the Premises, such options shall not be available to any subtenant or assignee, directly or indirectly without Landlord’s express written consent, which may be withheld in Landlord’s sole discretion.

  • DEFECT LIABILITY It is agreed that in case any structural defect or any other defect in workmanship, quality or provision of services or any other obligations of the Promoter as per the agreement for sale relating to such development is brought to the notice of the Promoter within a period of 5 (five) years by the Allottee from the date of handing over possession, it shall be the duty of the Promoter to rectify such defects without further charge, within 30 (thirty) days, and in the event of Promoter's failure to rectify such defects within such time, the aggrieved Allottees shall be entitled to receive appropriate compensation in the manner as provided under the Act.