Common use of SEVERABILITY OF EXCLUSIONS Clause in Contracts

SEVERABILITY OF EXCLUSIONS. For the purpose of determining the applicability of any Exclusion set forth in Section IV, the Wrongful Act or knowledge of any Insured Person shall not be imputed to any other Insured Person, and only the Wrongful Act or knowledge of the chief executive officer or chief financial officer of the Organization shall be imputed to such Organization.

Appears in 3 contracts

Samples: Employment Practices Liability Coverage Section, cms.nexusunderwriting.com, www.nexusunderwriting.com

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SEVERABILITY OF EXCLUSIONS. For the purpose of determining the applicability of any Exclusion set forth in Section IV, the Wrongful Act or knowledge of any Insured Person shall not be imputed to any other Insured Person, and only the Wrongful Act or knowledge of the chief executive officer or chief financial officer officer: (i) of the Organization shall be imputed to such Organization, and (ii) of a Plan shall be imputed to such Plan.

Appears in 2 contracts

Samples: www.nexusunderwriting.com, www.nexusunderwriting.com

SEVERABILITY OF EXCLUSIONS. For the purpose of determining the applicability of any Exclusion set forth in Section IVIII, the Wrongful Act or knowledge of any Insured Person shall not be imputed to any other Insured Person, and only the Wrongful Act or knowledge of the chief executive officer or chief financial officer of the Organization shall be imputed to such Organization.

Appears in 2 contracts

Samples: cms.nexusunderwriting.com, cms.nexusunderwriting.com

SEVERABILITY OF EXCLUSIONS. For the purpose of determining the applicability of any Exclusion set forth in Section IV, the Wrongful Act or knowledge of any Insured Person shall not be imputed to any other Insured Person, and under Insuring Agreement C only the Wrongful Act or knowledge of the chief executive officer or chief financial officer of the Organization shall be imputed to such Organization.

Appears in 2 contracts

Samples: Private Company Management Liability, www.nexusunderwriting.com

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SEVERABILITY OF EXCLUSIONS. For the purpose of determining the applicability of any Exclusion set forth in Section IV, the Wrongful Act or knowledge of any Insured Person shall not be imputed to any other Insured Person, and under Insuring Agreement A.3 only the Wrongful Act or knowledge of the chief executive officer or chief financial officer of the Organization shall be imputed to such Organization.

Appears in 1 contract

Samples: Asset Manager Liability Coverage Section

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