Cumulative Limit definition
Cumulative Limit means the amounts shown in Endorsement 1, as elected by the Policyholder pursuant to CONDITION 7 - ELECTION OF CUMULATIVE LIMITS.
Examples of Cumulative Limit in a sentence
Expend or contract to expend Capital Expenditures in excess of (i) the Capital Expenditure Annual Limit during any fiscal year of the Company, or (ii) together with all Capital Expenditures from and after August 28, 1993, the Capital Expenditure Cumulative Limit.