Limit of Liability definition

Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

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Limit of Liability means the limit of liability identified in the Award Letter;

Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any

Examples of Limit of Liability in a sentence

Unless otherwise specified in the Schedule: The Limit of Liability is the maximum liability of the Underwriters as in Item 3A of the Schedule.
The Underwriters, in their sole and absolute discretion, shall determine the amounts to be credited, if any, toward a reinstatement of such Limit of Liability.
Any Extended Reporting Period provided by this Policy shall not increase or reinstate any Limit of Liability or Sublimit of Liability of this Policy and is non-cancellable.
Should the Underwriters in their sole and absolute discretion, determine that the Limit of Liability in Item 3A of the Schedule will not be sufficient to cover the entire amount of the claim, the Underwriters shall pay the amounts claimed in accordance with the provisions of Section 9 of the Law Reform Act 1936.
The insurance provided by this Policy, shall apply only as excess over any other valid and collectible insurance, whether such other insurance is stated to be primary, contributory, excess, contingent or otherwise, unless such other insurance is written specifically as excess insurance over the applicable Limit of Liability provided by this Policy.

More Definitions of Limit of Liability

Limit of Liability means the Supplier’s limit of liability identified in the Award Letter;

Limit of Liability means the amount specified as such in the Schedule.

Limit of Liability means the limit of liability specified in the Schedule.

Limit of Liability. The total amount that We will pay for repairs or replacement made in connection with all claims that You make pursuant to this Service Agreement shall not exceed the original purchase price of Your Product, less taxes. In the event We make payments for repairs, which in the aggregate, are equal to the original purchase price of Your Product or We replace Your Product, We will have no further obligations under this Service Agreement. IN NO EVENT SHALL THE TOTAL OF ALL CLAIMS OR REPLACEMENT EXCEED THE ORIGINAL PRICE PAID BY YOU FOR THE COVERED PRODUCT. WE SHALL NOT BE LIABLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, PROPERTY DAMAGE, LOST TIME OR LOST DATA RESULTING FROM THE FAILURE OF ANY PRODUCT OR EQUIPMENT OR FROM DELAYS IN SERVICE OR THE INABILITY TO RENDER SERVICE. WE SHALL NOT BE LIABLE FOR ANY AND ALL PRE-EXISTING CONDITIONS THAT OCCUR PRIOR TO THE EFFECTIVE DATE OF THIS SERVICE AGREEMENT, INCLUDING INHERENT PRODUCT FLAWS. SERVICE AGREEMENT TERMS: Extension Plans: Coverage under an Extension Plan begins upon expiration of the shortest portion of the manufacturer’s original written warranty. If for example, the manufacturer provides a split warranty coverage program where the term durations are unequal for parts and labor (e.g., three months of labor and twelve months of parts coverage), and You have purchased a 12 month (365 days) extended Service Agreement, this Service Agreement shall commence on day 91 when the shortest portion of the manufacturer’s warranty ends and will provide labor coverage through day 455. Both parts and labor coverage under this Service Agreement shall expire at the end of day 455. During the manufacturer’s warranty period, any and all responsibility for the repair or replacement of Your Product from a covered Failure is the responsibility of the Manufacturer. Coverage purchased under the “OPTIONAL COVERAGES” section and the benefits You are entitled to under the “ADDITIONAL BENEFITS TO YOUR SERVICE AGREEMENT” section begin on the date this Service Agreement was purchased by You. This Service Agreement shall remain in effect, subject to the Limit of Liability defined above, for the term specified in the sales documentation provided to You at the time of purchase.

Limit of Liability means the Limit of Liability specified in the Schedule.

Limit of Liability means the maximum amounts that We will pay. A Limit of Liability is not reduced by the amount of any Excess payable by You. Limits of Liability are stated in the ‘Limits of Liability’ section of the Certificate and/or elsewhere in this Policy. Marina Operator

Limit of Liability means the Limit of Liability as stated in the Schedule.