Insured Liability definition

Insured Liability means the Insured’s legal obligation to pay any Other Side’s Costs and Own Disbursements, which the Insurer has agreed to indemnify up to the Limit of Cover specified in the Schedule.
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Insured Liability means the Insured’s legal obligation to pay any Opponent’s Costs, Own Disbursements and Own Solicitor’s Fees in connection with the Dispute which the Insurer has agreed to indemnify up to the Limit of Indemnity specified in the Schedule.
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Insured Liability has the meaning set forth in Section 7.06(a).
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Examples of Insured Liability in a sentence

  • Insured Liability Your legal obligation to pay Third Party Costs, Own Solicitor’s Costs and Own Disbursements which We have agreed to provide cover for up to the Limit of Indemnity.


More Definitions of Insured Liability

Insured Liability means any losses which are recoverable (or which would have been recoverable had Documation complied with its obligations under Clause 17.5) by Documation under a policy of insurance described in Clause 17.5; and
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Insured Liability. The Tenant’s legal obligation in respect of bodily injury and/or damage to property which is likely to be caused to the body or property of any person.
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Related to Insured Liability

  • Reinsured Liabilities means the General Account Liabilities, the Risk Control Separate Account Liabilities, the Declared Rate Separate Account liabilities and the Variable Separate Account Liabilities.

  • Covered Liabilities as defined in Subsection 11.21.

  • Secured Liabilities means all present and future obligations and liabilities, (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of each Transaction Obligor to any Secured Party under or in connection with each Finance Document.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;