XPL definition

XPL means any amount paid or payable by the Reinsured on a Reinsured Contract in excess of policy limits for which the Reinsured would have been contractually liable to pay had it not been for the limit of such Reinsured Contract.
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XPL means the losses and damages of Primary Insurers in excess of the policy limit for which such Primary Insurers would have been contractually liable to pay had it not been for the limit of the Reinsured Contract that arise from the handling of any Specific Claim, having been incurred because of, but not limited to, (i) failure by such Primary Insurer to settle within the policy limit, (ii) failure by such Primary Insurer to settle within a timely manner, (iii) by reason of alleged or actual negligence, or acts, errors or omissions of a Primary Insurer in the management or adjustment of a Specific Claim, or (iv) 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. Without duplication of any Recoveries or Third Party Reinsurance Recoverables, collected recoveries from any insurance or reinsurance that protects the Company against Losses in Excess of Policy Limits shall inure to the benefit of this Agreement, and shall be deducted from the total amount of any Losses in Excess of Policy Limits liability in determining the amount of such liability which shall be included hereunder. “Market Value” means the fair market value of any asset as determined in accordance with Schedule E, subject to the dispute resolution procedures therein. “Material Adverse Effect” means any event, change, circumstance, effect or other matter that has or would reasonably be expected to have a material adverse effect on (a) the
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XPL means excess policy limits.
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Examples of XPL in a sentence

  • For use in Contracts where the % of coverage for XPL is specified in this Article and not in UNL.

  • To the knowledge of XPL, it is not knowingly in violation of any law, material ordinance, or regulation to which it is subject, the violation of which would have a material adverse effect on XPL.

  • Lynx program integration for the XPL modules shall be limited to verifying module installation and fit and conformance to tablet environmental requirements.

  • XPL shall have received a certificate from the principal executive officer of GRPR to such effect.

  • It is further warranted that, in the event of XPL and/or ECO loss hereunder, the Managing General Agent's Errors and Omissions Insurance coverage will inure to the benefit of this contract, and any coverage under this agreement shall be excess to the coverage afforded under the Managing General Agent's Errors and Omissions Insurance coverage.

  • The Wildcat tablet shall be provided with two (2) XPL ports to allow the attachment of custom OEM modules.

  • As at the LPD, the issued share capital of Xendity is RM10,955,949 comprising 10,955,949 ordinary shares and ▇▇▇▇▇ ▇▇▇▇ ▇▇▇ is the sole director of Xendity and is wholly-owned by XPL.

  • The Purchaser shall indemnify the Company for the entire amount of any ECO and XPL Losses arising out of or related to any Policyholder Claim after the Closing Date.

  • The XPL modules will be mechanically designed as part of the Lynx development program.

  • The Purchaser and the Liquidator shall cooperate with each other in the defense of any Policyholder Claim or ECO or XPL Loss and shall afford each other the opportunity to associate in connection with such defense.