COMBINED AGGREGATE LIMIT definition
COMBINED AGGREGATE LIMIT. The Combined Aggregate Limit for the sum of Part A Covered Losses and Part B Covered Losses under this Agreement shall equal Three Hundred Twenty Five Million Dollars ($325,000,000), LESS the aggregate amount of Mortality Cover Purchase Charges paid or due to be paid by the Company to the Reinsurer. However, the Combined Aggregate Limit shall never be less than zero. This Combined Aggregate Limit is the maximum amount payable by the Reinsurer under this Agreement for Part A Covered Losses and Part B Covered Losses. Under no circumstances will the Reinsurer be obligated to pay more than this amount in respect of Part A Covered Losses and Part B Covered Losses combined.