$ Aggregate for Products Sample Clauses
The "$ Aggregate for Products" clause sets a maximum cumulative limit on the liability or coverage applicable to all products under a contract or insurance policy. In practice, this means that regardless of the number of claims or incidents involving the products, the total amount payable by the responsible party cannot exceed the specified aggregate limit. For example, if multiple defects are found in different batches of a product, the total compensation for all claims combined will be capped at the aggregate amount. This clause serves to manage and limit financial exposure, ensuring that the party providing the products is not subject to unlimited liability for multiple claims arising from their products.
$ Aggregate for Products. Completed Operations; and d.) $ General Aggregate (This shall apply separately to the Services provided by the Subcontractor).