Common use of Insured Losses Clause in Contracts

Insured Losses. The aggregate limit of liability of the Supplier under this Agreement (whether arising in contract, tort (including negligence) or otherwise at law) in respect of which the Supplier is entitled to recovery (or would be entitled to recovery but for its own default) under the terms of insurances required to be maintained in accordance with this Agreement shall be limited to the minimum amount of the relevant insurance required to be maintained in accordance with the terms of this Agreement.

Insured Losses. (a) The aggregate limit of liability of the Supplier under this Agreement (whether arising in contract, tort (including negligence) or otherwise at law) in respect of which the Supplier is entitled to recovery (or would be entitled to recovery but for its own default) under the terms of insurances required to be maintained in accordance with this Agreement shall be limited to the minimum amount of the relevant insurance required to be maintained in accordance with the terms of this Agreement.