Liability of the Pool. The liability of the Pool for any coverage ceded hereunder will begin and end simultaneously with the liability of the Ceding Company, except that:
Liability of the Pool. The liability of the Pool shall begin and terminate simultaneously with that of the Ceding Company, provided that, in the case of a facultative submission, the Pool has notified the Ceding Company of its acceptance of the risk and the Ceding Company has included such risk in the quarterly List of Risks Reinsured. The liability of a Pool Member, for a particular policy under which the Company is liable, shall begin and terminate simultaneously with that of the Ceding Company, provided that, in the case of a facultative submission, the Pool Member has notified the Ceding Company of its acceptance. The liability of the Pool Member shall be restricted to its share of the Company's liability as limited by the terms and conditions of the particular policy under which the Company is liable. The amount of coverage provided by the Pool under a Conditional Receipt (or Interim Receipt) will not exceed the lesser of:
Liability of the Pool. MSDLAF+ does not issue or insure the CDs nor does it guarantee the payment of principal of or interest on the CDs. MSDLAF+ is not acting as a broker-dealer or an investment advisor with respect to the CDs. Participant's investment advisory relationship is with Advisor. MSDLAF+ is not responsible for Participant’s compliance with the FDIC or NCUA insurance limits. MSDLAF+ assumes no obligations pursuant to this Agreement or with respect to the CDs.
Liability of the Pool. The liability of a Pool Member, for a particular policy under which the Ceding Company is liable, shall begin and terminate simultaneously with that of the Ceding Company, provided that, in the case of a facultative submission, the Pool Member has notified the Ceding Company of its acceptance. The liability of the Pool Member shall be restricted to its share of the Ceding Company's liability as limited by the terms and conditions of the particular policy under which the Ceding Company is liable. The amount of coverage provided by the Pool under a Conditional Receipt (or Interim Receipt) will not exceed the lesser of:
Liability of the Pool. MAGIC does not issue or insure the CDs nor does it guarantee the payment of principal of or interest on the CDs. XXXXX is not acting as a broker-dealer or an investment advisor with respect to the CDs. Participant's investment advisory relationship is with Advisor. MAGIC is not responsible for Participant’s compliance with the FDIC or NCUA insurance limits. MAGIC assumes no obligations pursuant to this Agreement or with respect to the CDs.
Liability of the Pool. The Pool does not issue or insure the CDs nor does it guarantee the payment of principal of or interest on the CDs. The Pool is not acting as a broker-dealer or an investment advisor with respect to the CDs. Participant's investment advisory relationship is with the Advisor. The Pool is not responsible for Participant’s compliance with the FDIC insurance limits. The Pool assumes no obligations pursuant to this Agreement or with respect to the CDs.
