Maximum Aggregate Limit definition
Maximum Aggregate Limit means the amount specified against "Maximum Aggregate LImit" as shown in the Schedule.
Maximum Aggregate Limit. The maximum amount of losses recoverable hereunder during the term of this agreement shall not exceed $50,000,000, or 400% of Gross Premium Ceded hereunder, whichever the greater. CO-PARTICIPATION: The Company agrees to retain 10% net.
Maximum Aggregate Limit means the amount of coverage that applies to all losses at all locations within all flood zones described in the Flood Schedule (Designated Zones) during each separate 12-month period of this policy; this is limited to the expiration or anniversary date.
Examples of Maximum Aggregate Limit in a sentence
However, any Loss, Voluntary Program Loss or Securityholder Derivative Demand Evaluation Costs paid under any Liability Coverage Part shall not exceed the Maximum Aggregate Limit of Liability set forth in Item 2 of the Declarations of such Coverage Part.
Maximum Aggregate Limit - $10,000,000 Each Claim - $10,000,000 Attachment Point - $10,000,000 Chartis/National Union Fire Ins Co. of Pittsburg PA.
More Definitions of Maximum Aggregate Limit
Maximum Aggregate Limit means the amount of coverage that applies to all losses at all locations within all earthquake zones described in the Earthquake Schedule (Designated Zones) during each separate 12-month period of this policy; this is limited to the expiration or anniversary date.