SPECIAL LIMITS Clause Samples

The "Special Limits" clause sets specific maximum amounts that can be claimed for certain types of losses or items under an agreement or insurance policy. For example, it may cap the payout for valuables like jewelry, electronics, or cash, regardless of their actual value or the total policy limit. This clause helps manage the insurer's risk exposure and ensures that high-value or high-risk items are subject to stricter coverage limits, thereby preventing disproportionate claims and maintaining premium affordability.
SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Collectibles Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply. For an added premium, the following coverage is provided.‌‌
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SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Creative and Maker Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply. A. DEFINITION‌‌ For purposes of this coverage, Active is: 1. Non-motorized bicycles; 2. Exercise equipment; 3. Yoga mats; 4. Indoor or outdoor sporting equipment; 5. Camping equipment; 6. Guns and other hunting equipment, excluding assault rifles; and 7. Golf equipment; and their related equipment and accessories.
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SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Active Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply. A. DEFINITION‌‌ For purposes of this coverage, Collectibles is: 1. Artwork; 2. Fine arts; 3. Sports memorabilia; 4. Trading cards; 5. Toys; 6. Coins, not including loose change; 7. Heirlooms; 8. Antiques; 9. Stamps; 10. Records or other types of musical playback media; and 11. Books; and their related accessories.
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SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Fashion and Jewelry Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply. A. DEFINITION‌‌ For purposes of this coverage, Creative and Maker is: 1. Cameras, lenses, film or recording media, tri-pods and carrying cases;
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SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Technology Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply. A. DEFINITION‌‌ For purposes of this coverage, Furniture and Appliances is: 1. Beds; 2. Chairs and tables; 3. Sofas or couches; 4. Desks; 5. Cookware and dinnerware; 6. Kitchen and laundry appliances; 7. Linens and Bedding; 8. Wall hangings and pictures; and SAMPLE POLICY 9. Other furniture; and their related accessories. These items must be owned by an insured.
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SPECIAL LIMITS. We will pay no more than the single item max limit as shown in the Declarations for any one item covered by this Technology Coverage. This limit applies to any excess loss that would be paid by the Blanket coverage in this policy. This endorsement is part of your policy. All other policy terms and conditions apply. Furniture and Appliances Coverage‌ For an added premium, the following coverage is provided.
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Related to SPECIAL LIMITS

  • Financial Limits Subject to Clause 34.1 (Unlimited Liability), the Supplier’s total aggregate liability: in respect of all: Service Credits; and Compensation for Critical Service Level Failure; incurred in any rolling period of 12 Months shall be subject in aggregate to the Service Credit Cap; in respect of all other Losses incurred by the Customer under or in connection with this Call Off Contract as a result of Defaults by the Supplier shall in no event exceed: in relation to any Defaults occurring from the Call Off Commencement Date to the end of the first Call Off Contract Year, the higher of [one million pounds (£1,000,000)] and a sum equal to [one hundred and fifty per cent (150%)] of the Estimated Year 1 Call Off Contract Charges; in relation to any Defaults occurring in each subsequent Call Off Contract Year that commences during the remainder of the Call Off Contract Period, the higher of [one million pounds (£1,000,000)] in each such Call Off Contract Year and a sum equal to [one hundred and fifty percent (150%)] of the Call Off Contract Charges payable to the Supplier under this Call Off Contract in the previous Call Off Contract Year; and in relation to any Defaults occurring in each Call Off Contract Year that commences after the end of the Call Off Contract Period, the higher of [one million pounds (£1,000,000)] in each such Call Off Contract Year and a sum equal to [one hundred and fifty percent (150%)] of the Call Off Contract Charges payable to the Supplier under this Call Off Contract in the last Call Off Contract Year commencing during the Call Off Contract Period. Subject to Clauses 34.1 (Unlimited Liability) and 34.2 (Financial Limits) and without prejudice to its obligation to pay the undisputed Call Off Contract Charges as and when they fall due for payment, the Customer's total aggregate liability in respect of all Losses as a result of Customer Causes shall be limited to: in relation to any Customer Causes occurring from the Call Off Commencement Date to the end of the first Call Off Contract Year, a sum equal to the Estimated Year 1 Call Off Contract Charges; in relation to any Customer Causes occurring in each subsequent Call Off Contract Year that commences during the remainder of the Call Off Contract Period, a sum equal to the Call Off Contract Charges payable to the Supplier under this Call Off Contract in the previous Call Off Contract Year; and in relation to any Customer Causes occurring in each Call Off Contract Year that commences after the end of the Call Off Contract Period, a sum equal to the Call Off Contract Charges payable to the Supplier under this Call Off Contract in the last Call Off Contract Year commencing during the Call Off Contract Period. Subject to Clause 34.1 (Unlimited Liability) neither Party shall be liable to the other Party for any: indirect, special or consequential Loss; loss of profits, turnover, savings, business opportunities or damage to goodwill (in each case whether direct or indirect).

  • Financial Limit 3.1 Payments under this Call-down Contract shall not exceed £ 2,560,000 GBP Two Million five hundred and sixty thousand pounds only (“the Financial Limit”) and is exclusive of any government tax, if applicable as detailed in Annex B.

  • ANNUAL LIMITATION Notwithstanding anything contained in this Agreement to the contrary, and with respect to each Tax Year of the Tax Limitation Period beginning after the first Tax Year of the Tax Limitation Period, in no event shall (i) the sum of the maintenance and operations ad valorem taxes paid by the Applicant to the District for such Tax Year, plus the sum of all payments otherwise due from the Applicant to the District under Articles IV, V, and VI of this Agreement with respect to such Tax Year, exceed (ii) the amount of the maintenance and operations ad valorem taxes that the Applicant would have paid to the District for such Tax Year (determined by using the District’s actual maintenance and operations tax rate for such Tax Year) if the Parties had not entered into this Agreement. The calculation and comparison of the amounts described in clauses (i) and (ii) of the preceding sentence shall be included in all calculations made pursuant to Article IV of this Agreement, and in the event the sum of the amounts described in said clause (i) exceeds the amount described in said clause (ii), then the payments otherwise due from the Applicant to the District under Articles IV, V, and VI shall be reduced until such excess is eliminated.

  • Territorial Limits UK [and elsewhere in the world in respect of non manual visits].

  • Additional Limitation (i) Anything in this Agreement to the contrary notwithstanding, in the event that the amount of any compensation, payment or distribution by the Company to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, calculated in a manner consistent with Section 280G of the Code, and the applicable regulations thereunder (the “Aggregate Payments”), would be subject to the excise tax imposed by Section 4999 of the Code, then the Aggregate Payments shall be reduced (but not below zero) so that the sum of all of the Aggregate Payments shall be $1.00 less than the amount at which the Executive becomes subject to the excise tax imposed by Section 4999 of the Code; provided that such reduction shall only occur if it would result in the Executive receiving a higher After Tax Amount (as defined below) than the Executive would receive if the Aggregate Payments were not subject to such reduction. In such event, the Aggregate Payments shall be reduced in the following order, in each case, in reverse chronological order beginning with the Aggregate Payments that are to be paid the furthest in time from consummation of the transaction that is subject to Section 280G of the Code: (1) cash payments not subject to Section 409A of the Code; (2) cash payments subject to Section 409A of the Code; (3) equity-based payments and acceleration; and (4) non-cash forms of benefits; provided that in the case of all the foregoing Aggregate Payments all amounts or payments that are not subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c) shall be reduced before any amounts that are subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c). (ii) For purposes of this Section 6(b), the “After Tax Amount” means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.