Maximum Limit of Liability definition

Maximum Limit of Liability means the amount stated the Schedule which is the maximum amount payable under this Policy for every Loss and for all Losses occurring during the Policy Period.
Sample 1
Maximum Limit of Liability means such amount stated in Item 3 of the Schedule as is applicable to all claims whether covered under one or more Coverage Sections.
Sample 1
Maximum Limit of Liability means the amount stated in Item 4, of the Schedule which is the maximum amount payable under this policy for Loss during the Policy Period.
Sample 1

Examples of Maximum Limit of Liability in a sentence

  • Solely with respect to the coverage provided by this endorsement, the section entitled LIMITS OF LIABILITY is amended to add the following new paragraphs: • Maximum Limit of Liability For All Coverage Provided By This Endorsement Our maximum Limit of Liability for all damages, claim expenses and privacy event expenses shall be the limit stated in the Coverage Schedule above.

  • The total limit of our liability for any one covered event, in which two or more persons submit a claim, is subject to the individual benefit amount and the company’s Maximum Limit of Liability.

  • The total liability under this Plan is the purchase price you paid for the furniture item, but not to exceed the Maximum Limit of Liability shown on the Welcome Letter or receipt.

  • We shall have no liability under this Policy, once the Sum Insured (Maximum Limit of Liability), as stated in the Policy Schedule with respect to any of the benefits, is exhausted by You.

  • Subject to the provisions of this term, the Insurer shall not unreasonably withhold its consent to the incurring of such fees and expenses.Payment by the Insurer of the fees and expenses under this section shall be subject to the payment by the Insured of the Deductible specified in the Schedule and shall be applied against the Limit of Liability including the Maximum Limit of Liability.

  • CALIFORNIA LOCATIONS CoveragePerils/Hazards InsuredLimit or AmountPolicy Term Company/Policy No.Deductibles COMMERCIAL PROPERTYReal and Personal Property, Business Income Including Extra Expense Maximum Limit of Liability – Any One Occurrence, Except as Sub-limited SublimitsEarthquake - Annual Aggregate Flood – Annual Aggregate Named Windstorm $ 500,000,000 $ 200,000,000$ 250,000,000$ 250,000,000 June 1, 2017 – June 1, 2018 Multiple carriers provide the coverage under a Layered Participation Program.

  • Insurer shall have no liability under this Policy, once the Sum Insured (Maximum Limit of Liability) with respect to any of the Sections, is exhausted by Insured.

  • The state technical assistance team sha11 be appointed by the commissioner and take the place of the outside visitation team.

  • Subject to the provisions of this term, the Insurer shall not unreasonably withhold its consent to the incurring of such fees and expenses.The fees and expenses under this section shall be subject to the payment by the Insured of the Deductible specified in the Schedule and shall be applied against the Limit of Liability including the Maximum Limit of Liability.

  • If shipment has been agreed, delivery periods and dates are with reference to the date of handover to the carrier, freight forwarder or any other third party commissioned to provide transportation.


More Definitions of Maximum Limit of Liability

Maximum Limit of Liability means the amount stated in Item 6. of the Schedule as the Maximum Limit of Liability. Under no circumstances shall the Company be liable in the aggregate under this policy for more than the amount of the Maximum Limit of Liability.
Sample 1

Related to Maximum Limit of Liability

  • 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.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • AND LIABILITY LIMITS State Street shall assume no responsibility for lost interest with respect to the refundable amount of any unauthorized payment order, unless State Street is notified of the unauthorized payment order within thirty (30) days of notification by State Street of the acceptance of such payment order. In no event shall State Street be liable for special, indirect or consequential damages, even if advised of the possibility of such damages and even for failure to execute a payment order.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Aggregate Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • Loss in excess of policy limits shall be defined as Loss in excess of the Policy limit, having been incurred because of, but not limited to, failure by the Company to settle within the Policy limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • Daily Maximum Limit means the maximum allowable discharge of a pollutant during a calendar day. Expressed as units of mass, the daily discharge is cumulative mass discharged over the course of the day. Expressed as a concentration, it is the arithmetic average of all measurements taken that day.

  • Indemnification Cap has the meaning set forth in Section 9.3(a).

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Defects Liability Period (Warranty Period) means the period stated in the Schedule A Special Stipulations, following the taking over, during which the Contractor is responsible for making good defects and damage in accordance with Clause 15.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Fraud Loss Coverage Amount As of the Closing Date, $2,500,000, subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows: (a) on the first, second, third and fourth anniversaries of the Cut-off Date, to an amount equal to the lesser of (i) 1.00% of the then current Stated Principal Balance of the Mortgage Loans in the case of the first and second anniversaries and 0.50% of the then-current Stated Principal Balance of the Mortgage Loans in the case of the third and fourth such anniversaries and (ii) the excess of the Fraud Loss Coverage Amount as of the preceding anniversary of the Cut-off Date over the cumulative amount of Fraud Losses allocated to the Certificates since such preceding anniversary; and (b) on the fifth anniversary of the Cut-off Date, to zero.

  • Cover Damages means, with respect to any Delivery Shortfall, an amount equal to (a) the positive net amount, if, any, by which the Replacement Price exceeds the applicable Price that would have been paid pursuant to Section 5.1 and the Cover Sheet, multiplied by the quantity of that Delivery Shortfall, plus (b) any applicable penalties and other costs assessed by ISO-NE or any other Person against Buyer as a result of Seller’s failure to deliver such Products in accordance with the terms of this Agreement. Buyer shall provide a statement for the applicable period explaining in reasonable detail the calculation of any Cover Damages.

  • Minimum Essential Coverage has the meaning given in the Affordable Care Act, 26 U.S.C. §5000A(f).

  • Maximum Line means $5,000,000, unless said amount is reduced pursuant to Section 2.6, in which event it means the amount to which said amount is reduced.

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Indemnification Threshold has the meaning set forth in Section 11.5.