LIABILITY OF THE REINSURERS Sample Clauses

LIABILITY OF THE REINSURERS. The Reinsurers shall pay to the Company, with respect to each loss occurrence, 95% of the amount of ultimate net loss in excess of the sum of:
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LIABILITY OF THE REINSURERS. The Reinsurers shall pay to the Company with respect to accident occurrence under Workers' Compensation business of the Company, the amount of net loss sustained by the Company in excess of the sum of the Company Retention and Underlying Reinsurance, but not exceeding the Limit of Liability of the Reinsurers as set forth in the Schedule of Reinsurance, plus a proportionate share of adjustment expense. SCHEDULE OF REINSURANCE -------------------------------------------------------------------------------- Underlying Limit of Liability Company Retention Reinsurance of the Reinsurers -------------------------------------------------------------------------------- Each Accident Each Accident Each Accident $200,000 $10,000,000 $10,000,000 -------------------------------------------------------------------------------- For the purpose of determining the amount of net loss sustained by the Company, it is deemed that the amount of net loss any one employee shall not exceed $2,000,000.
Sample 1
LIABILITY OF THE REINSURERS. The Reinsurers shall pay to the Company, with respect to each loss event, 95% of the amount of ultimate net loss in excess of the Company Retention of $5,000,000, but not exceeding the Limit of Liability of the Reinsurers of 95% of the next $10,000,000 of ultimate net loss with respect to such loss event nor 95% of $20,000,000 with respect to all loss events commencing during the term of this Agreement. The Company shall retain net for its own account, with respect to each loss event, the remaining 5% of such ultimate net loss.
Sample 1
LIABILITY OF THE REINSURERS. 1 TERM..............................................................................................................1 TERRITORY.........................................................................................................1
Sample 1
LIABILITY OF THE REINSURERS. The liability of the Reinsurers will follow that of the Company in every case and be subject in all respects to all the general and specific stipulations, clauses, waivers, interpretations and modifications of the Company's policies and any endorsements thereon. This Agreement will apply to all losses occurring and/or claims made and/or losses discovered during the period from January 1, 2000, to December 31, 2002, both days inclusive, on inforce, new and renewal business.
Sample 1
LIABILITY OF THE REINSURERS. The Reinsurers shall pay to the Company with respect to each accident under Workers' Compensation business of the Company, the amount of net loss sustained by the Company in excess of the sum of the Company Retention and Underlying Reinsurance, but not exceeding the Limit of Liability of the Reinsurers as set forth in the Schedule of Reinsurance, plus a proportionate share of adjustment expense.
Sample 1

Related to LIABILITY OF THE REINSURERS

  • LIABILITY OF THE REINSURER A. The liability of the Reinsurer shall follow that of the Company in every case and be subject in all respects to all the general and specific stipulations, clauses, waivers and modifications of the Company's policies and any endorsements thereon. However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract.

  • Liability of the Advisor The Advisor shall indemnify and hold harmless the Sub-Advisor and all affiliated persons (within the meaning of Section 2(a)(3) of the 0000 Xxx) and all controlling persons (as described in Section 15 of the 1933 Act) (collectively, the “Advisor Indemnitees”) against any and all direct Losses incurred by reason of or arising out of: (a) the Advisor being in material violation of any applicable federal or state law, rule, or regulation; or (b) the Advisor’s willful misfeasance, bad faith, gross negligence, or its reckless disregard of its obligations and duties under this Agreement.

  • Liability of the Adviser The Adviser shall indemnify and hold harmless the Trust and all affiliated persons thereof (within the meaning of Section 2(a)(3) of the 0000 Xxx) and all controlling persons (as described in Section 15 of the 1933 Act) (collectively, the “Adviser Indemnitees”) against any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) by reason of or arising out of the Adviser’s willful misfeasance, bad faith or negligence in the performance of its duties hereunder or its reckless disregard of its obligations and duties under this Agreement.

  • LIABILITY OF THE PARTIES Nothing herein contained shall constitute the Dealer-Manager, the Soliciting Dealers and the Company as an association, partnership, unincorporated business or other separate entity, nor shall anything herein contained render the Dealer-Manager or the Company liable for the obligations of any of the Soliciting Dealers. Neither the Dealer-Manager nor the Company shall be under any liability to any Soliciting Dealer or any other person for any act or omission or any matter connected with this Agreement or the Company, except for obligations expressly assumed by an association, partnership, unincorporated business or other separate entity in this Agreement.

  • Liability of Evaluator The Trustee, FTPS Unit Servicing Agent, Depositor and the Unit holders may rely on any Evaluation furnished by First Trust Advisors, L.P., acting in its capacity as Evaluator, and shall have no responsibility for the accuracy thereof. The determinations made by the Evaluator hereunder shall be made in good faith upon the basis of the best information available to it. The Evaluator shall be under no liability to the Trustee, FTPS Unit Servicing Agent, Depositor or the Unit holders for errors in judgment; provided, however, that this provision shall not protect the Evaluator against any liability to which it would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties hereunder."

  • Liability of the Company The Company shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Company herein.

  • Liability of the Manager No provision of this Agreement shall be deemed to protect the Manager against any liability to the Fund or the shareholders of the Portfolio to which it might otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

  • Liability of the Evaluator The Trustee, the Depositor and the Unit holders may rely on any Evaluation furnished by First Trust Advisors L.P., acting in its capacity as Evaluator, and shall have no responsibility for the accuracy thereof. The determinations made by the Evaluator hereunder shall be made in good faith upon the basis of the best information available to it. The Evaluator shall be under no liability to the Trustee, the Depositor or the Unit holders for errors in judgment; provided, however, that this provision shall not protect the Evaluator against any liability to which it would otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties hereunder.

  • Liability of Sub-Advisor Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's duties under this Agreement or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates.

  • Liability of Sub-Adviser In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors or employees, the Sub-Adviser shall not be subject to liability to the Investment Adviser for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security.

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