MAXIMUM LIMITS OF LIABILITY Clause Samples

The Maximum Limits of Liability clause sets a cap on the total amount of financial responsibility a party can be held to under a contract. In practice, this means that even if multiple claims arise or damages exceed expectations, the liable party will not be required to pay more than the specified maximum amount. This clause is commonly used in insurance policies and service agreements to provide certainty and manage risk exposure, ensuring that potential losses are predictable and limited for all parties involved.
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MAXIMUM LIMITS OF LIABILITY. A. The limits of liability of the Company with respect to anyone Policy shall be deemed not to exceed: Bodily Injury Liability $ $ 100,000 each person 300,000 each occurrence Property Damage Liability $ 100,000 each occurrence Comprehensive/Collision Coverage $ 70,000 per vehicle Uninsured/Underinsured Motorists Coverage $ 100,000/$300,000/$100,000 Personal Injury Protection (PIP)/Property Protection Insurance (PPI)/Residual Liability Insurance Statutory limits Medical Payment $ 10,000 Effective: October 1, 2010 U4VT0004 5 of 36 DOC: December 23, 2010 B. The amounts shown above shall be extended to follow the liability of the Company in the event of the stacking of Policy limits, or if the company is required by statute, regulation or by an order of an insurance department to increase the minimum coverage limits.
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MAXIMUM LIMITS OF LIABILITY. A. The limits of liability of the Company with respect to any one Policy shall be deemed not to exceed: Bodily Injury Liability $100,000 each person $300,000 each occurrence Property Damage Liability $100,000 each occurrence Comprehensive/Collision Coverage $70,000 per vehicle Uninsured/Underinsured Motorists Coverage $100,000/$300,000/$100,000 Personal Injury Protection (PIP)/Property Protection Statutory limits Insurance (PPI)/Residual Liability Insurance Medical Payment $10,000 B. The amounts shown above shall be extended to follow the liability of the Company in the event of the stacking of Policy limits, or if the company is required by statute, regulation or by an order of an insurance department to increase the minimum coverage limits.
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MAXIMUM LIMITS OF LIABILITY. For purposes of determining the liability of the Reinsurer, the limits of liability of the Company with respect to any one Policy shall be deemed not to exceed the maximum limits as follows: 1. Bodily Injury: $100,000 per person/ $300,000 per occurrence 2. Uninsured Motorist BI: $100,000 per person/ $300,000 per occurrence 3. Underinsured Motorist BI: $100,000 per person/ $300,000 per occurrence 4. Property Damage Liability: $100,000 per occurrence 5. Uninsured Motorist PD: $50,000 per occurrence 6. Automobile Physical Damage: $50,000 per vehicle Notwithstanding the maximum Policy limits listed above, it is agreed that the Company may issue, and the Reinsurer will be liable for, a maximum of ten Policies per Underwriting Year with limits of $1,000,000. Loss in excess of the Policy limit and Extra Contractual Obligations as set forth in the EXCESS OF POLICY LIMITS ARTICLE and the EXTRA CONTRACTUAL OBLIGATIONS ARTICLE will be covered hereunder subject to the maximum Policy limits as set forth in this Article, including the Policies with $1,000,000 limits. The Company may request prior approval of the Reinsurer to cover more than ten Policies per Underwriting Year with limits of $1,000,000.
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MAXIMUM LIMITS OF LIABILITY. The Company’s maximum liability hereunder shall not exceed the separate limits for Third Party Bodily Injury and Property Damages, Onsite Clean Up Costs, and Defense Expense specified in the Declarations, irrespective of any of the following: • The number of Claims made; or • The number of persons or organizations making claims; or • The number of persons covered hereunder; or • The number of Pollution Conditions actual or alleged; or • The number of times Onsite Clean Up Costs are incurred.
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MAXIMUM LIMITS OF LIABILITY. A. For purposes of determining the liability of the Reinsurer, the limits of liability of the Company with respect to any one Policy shall be deemed not to exceed the minimum statutory limits of liability in each respective state, or the limits of liability set forth below, whichever is greater: Automobile Bodily Injury Liability $25,000/$50,000 Property Damage Liability $25,000 Uninsured/Underinsured Motorists Coverage $25,000/$50,000 Medical Payments $5,000 B. In the event the Company is required by a regulatory authority to offer higher limits to individual risks under financial responsibility laws or under private passenger assigned risk pools, plans and other residual mechanisms, such higher limits shall be deemed to be statutory in compliance with the terms of this Contract, and the Reinsurer’s liability shall also include its proportion of those limits greater than the limits as specified herein. However, it is understood that under the financial responsibility laws in the State of Virginia, the Company may offer limits of $50,000/$100,000/$50,000 and the Reinsurer agrees to cover such limits.
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MAXIMUM LIMITS OF LIABILITY. A. For purposes of determining the liability of the Reinsurer, the limits of liability of the Company with respect to any one Policy shall be deemed not to exceed the minimum statutory limits of liability or the limits of liability set forth below, whichever is greater: Automobile Bodily Injury Liability $ 25,000/$50,000 Property Damage Liability $ 25,000 Uninsured/Underinsured Motorists Coverage $ 25,000/$50,000 Medical Payments $ 2,000 B. In the event the Company is required to offer higher limits to individual risks under private passenger assigned risk pools, plans and other residual mechanisms, such higher limits shall be deemed to be statutory in compliance with the terms of this Contract, and the Reinsurer’s liability shall also include its proportion of those limits greater than the limits as specified herein.
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MAXIMUM LIMITS OF LIABILITY. ‌ Both the Operator and the Shipper shall be liable, pursuant to the clause 16.2.2, to a maximum of the following limits: • for each incident, twice the maximum, on the whole duration of the Contract, of the monthly total of the Capacity Terms and the Fixed Terms referred to in clause 5 of the General Terms and Conditions, but not exceeding 200,000 (two hundred thousand) Euros; • per civil year, twice the above amount stated above.
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Related to MAXIMUM LIMITS OF LIABILITY

  • Aggregate Limits of Liability The basic coverage limits of liability may be subject to annual aggregate limits. If this is the case the annual aggregate limits of liability must be at least two (2) times the limits required for each policy, or the aggregate may equal the limits required but must apply separately to this Agreement.

  • Limits of Liability To the fullest extent permitted by applicable law, (1) You agree that We and HomeServe, and both of our respective parents, successors, affiliates, approved technicians and Our and their officers, directors, employees, affiliates, agents, contractors or similar parties acting on behalf of either Us or HomeServe shall not be liable to You or anyone else for: (a) any actual losses or direct damages that exceed the lowest applicable per repair Benefit Limit, or, if there is no maximum Benefit Limit, any actual losses or direct damages that exceed the cost of repairs provided for in the “What is a Covered Repair?” section(s) of this Service Agreement, relating to any repairs performed by Us, HomeServe or on behalf of either Us or HomeServe or services provided hereunder giving rise to such loss or damage; or (b) any amount of any form of indirect, special, punitive, incidental or consequential losses or damages, damages based on anticipated or lost profits, wages, or revenue, or damages based on diminution in value or a multiple of earnings, including those caused by any fault, failure, delay or defect in providing any repairs performed by Us, HomeServe or on behalf of either Us or HomeServe or services provided under this Service Agreement, regardless of whether such damages were foreseeable and whether or not We or HomeServe or anyone acting on behalf of either Us or HomeServe have been advised of the possibility of such damages (the damages listed in clauses (a) and (b), collectively the “Excluded Damages”); and (2) these limitations and waivers shall apply to all claims and all liabilities and shall survive the cancellation or expiration of this Service Agreement. You may have other rights that vary from state to state. Arbitration: YOU, NHRW AND HOMESERVE ALL AGREE TO RESOLVE DISPUTES BY BINDING ARBITRATION as follows:

  • Risks and Limits of Liability Contractor shall maintain the following insurance coverages in the following amounts:

  • Indemnity; Limitation of Liability As an officer of the Company, the Executive shall be entitled to indemnity and limitation of liability as provided pursuant to the Company’s Articles of Incorporation, bylaws and any other governing document, as the same shall be amended from time to time.

  • Guaranty; Limitation of Liability (a) Each Guarantor, jointly and severally, hereby absolutely, unconditionally and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all Obligations of each other Loan Party now or hereafter existing under or in respect of the Loan Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such obligations being the “Guaranteed Obligations”), and agrees to pay any and all reasonable expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by the Administrative Agent or any other Secured Party in enforcing any rights under this Agreement or any other Loan Document. Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to any Secured Party under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party. (b) Each Guarantor, and by its acceptance of this Agreement, the Administrative Agent and each other Secured Party, hereby confirms that it is the intention of all such Persons that this Agreement and the Obligations of each Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guaranty and the Obligations of each Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, the other Lenders and the Guarantors hereby irrevocably agree that the obligations of each Guarantor under this Guaranty at any time shall be limited to the maximum amount as will result in the Obligations of such Guarantor under this Agreement not constituting a fraudulent transfer or conveyance. (c) Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any Secured Party under this Agreement or any other guaranty, such Guarantor will contribute, to the maximum extent permitted by law, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate amount paid to the Secured Parties under or in respect of the Loan Documents.