Retained limit means the greater of:
Retained limit means the amount of Ultimate Net Loss, identified in the applicable Declaration, which the Covered Party becomes liable to pay before the Authority is obligated to make payment. For each Occurrence, there shall be only one Retained Limit regardless of the number of claimants or Covered Parties against whom a Claim is made, or Coverage Periods during which the Occurrence continues.
Retained limit means the amount, identified in the applicable Declaration or certificate, of Ultimate Net Loss for which the Covered Party pays out of its own funds, unless otherwise provided herein, before the Authority is obligated to make payment, subject to the following:
Examples of Retained limit in a sentence
The liability of the Insurer under the General Insuring Agreement is limited for each Loss to that portion of the Ultimate Net Loss in excess of the Insured's Retained Limit and then up to an amount not exceeding the per Loss amount mentioned in the Declarations: moreover, the limit of liability of the Insurer under this Contract is limited for the Insured to the Aggregate Limit mentioned in the Declarations.
More Definitions of Retained limit
Retained limit means the available limits of "underlying insurance" scheduled in the Declarations or the "self-insured retention", whichever applies.
Retained limit means the available limits of "con- trolling underlying insurance" applicable to the claim.
Retained limit means the amount stated on the applicable Declarations or certificate of coverage, which will be paid by the Participant before the Authority is obligated to make any payment from the pooled funds.
Retained limit means the dollar amount of loss retained by
Retained limit means the amount stated on the applicable Declarations or certificate of coverage, which will be paid by the covered party before the Authority is obligated to make any payment from the pooled funds. Retained limit includes all defense costs. Retained limit shall be subject to the following:
Retained limit means the total applicable limits of “underlying insurance” and any applicable “other insurance” providing coverage to the “insured.
Retained limit means those limits of underlying insurance shown on the declarations, supplemental declarations, forms or endorsements or the amount of your self-insured retention or deductible, as is applicable.