SINGLE LOSS LIMIT OF INSURANCE. Subject to the Aggregate Limit of Insurance, the Company's liability for each Single Loss will not exceed the applicable Single Loss Limit of Insurance set forth in ITEM 5 of the Declarations. If a Single Loss is covered under more than one Insuring Agreement or Coverage, the Single Loss Limit of Insurance for each applicable Insuring Agreement or Coverage will apply separately to that part of the loss covered under such Insuring Agreement or Coverage, provided that the maximum payable for such Single Loss will not exceed the largest applicable Single Loss Limit of Insurance, or the remaining Aggregate Limit of Insurance, whichever is less. Subject to the foregoing, payment of loss under this bond under any Insuring Agreement other than Insuring Agreement A.5., will not reduce the liability of the Company for other losses whenever sustained. The Company’s total liability for all loss discovered under Insuring Agreement A.5. during a Bond Period, regardless of when paid, will not exceed the Aggregate Limit of Insurance set forth in the Declarations. The Company’s total liability for all loss under Insuring Agreement A.5. discovered during any additional period of time the Insured or the National Credit Union Administration may have purchased to discover loss in accordance with Condition T., will be a part of, and not in addition to, the Aggregate Limit of Insurance of the Bond Period that terminates immediately preceding the effective date of such additional period.
SINGLE LOSS LIMIT OF INSURANCE. Subject to the Aggregate Limit of Insurance, the Company's liability for each Single Loss will not exceed the applicable Single Loss Limit of Insurance set forth in ITEM 5. of the Declarations. If a Single Loss is covered under more than one Insuring Agreement or Coverage, the Single Loss Limit of Insurance for each applicable Insuring Agreement or Coverage will apply separately to that part of the loss covered under such Insuring Agreement or Coverage, provided that the maximum payable for such Single Loss will not exceed the largest applicable Single Loss Limit of Insurance, or the remaining Aggregate Limit of Insurance, whichever is less.
SINGLE LOSS LIMIT OF INSURANCE. SPECIMEN The Company's liability for each Single Loss will not exceed the applicable Single Loss Limit of Insurance set forth in ITEM 4 of the Declarations. If a Single Loss is covered under more than one Insuring Agreement or Coverage, the Single Loss Limit of Insurance for each applicable Insuring Agreement or Coverage will apply separately to that part of the loss covered under such Insuring Agreement or Coverage, provided that the maximum payable for such Single Loss will not exceed the largest applicable Single Loss Limit of Insurance.
