Examples of Covered Loss in a sentence
This indemnification shall not apply to the extent that any Covered Loss results from the negligence or wrongful act or omission of any AUTHORIZER Indemnitee or from any act or omission of SPONSOR, CHARTER SCHOOL, or GOVERNING BODY required by law or this Agreement nor shall it apply to any act or omission in which the AUTHORIZER participated.
This indemnification shall not apply to the extent that any Covered Loss results from the negligence or wrongful act or omission of any Board Indemnitee or from any act or omission of the Charter School required by law or this Agreement.
However, the City will not be liable under this indemnity to the extent that the Covered Loss results from a Covered Party’s gross negligence or willful misconduct, as determined in a final, non-appealable judgment in a court of competent jurisdiction.
The City will indemnify a Covered Party on demand against any Covered Loss, including any legal or other expenses incurred by it or them to investigate and defend against any such Covered Loss.
Benefit Refers to the Insurer’s obligation to settle any Claim or suit up to eighty percent (80%) of the Usual and Customary Charges for a Covered Loss after application of Deductibles.