PARTIAL INTEREST CLAUSE Sample Clauses

PARTIAL INTEREST CLAUSE. The Combined Single Limit of Liability over all sections hereof, the Assured's Retentlon(s), any separate limit of liability set forth in any endorsement hereto, and the rates expressed herein are for a 100% interest. In the event that the interest of the Assured in any one well insured hereunder does not amount to 100%, then said Combined Single Limit of Liability over all section hereof, the Assured's Retention(s), any separate limit of liability set forth in any endorsement hereto, and the rate(s) applicable to that well. shall be reduced proportionately and shall apply in the same proportion as the total interest of the Assured in said well insured hereunder bears to 100%. In the event of an occurrence giving rise to a claims(s) recoverable hereunder, Underwriters shall in no event be liable under any section hereof or endorsement hereto for a greater percentage interest in any such claim than the Assured's percentage interest in the well with respect to which, and at the time that, such occurrence took place.
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Related to PARTIAL INTEREST CLAUSE

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