Common use of Both Layers Clause in Contracts

Both Layers. It is understood and agreed that the Terrorist Activity Aggregate Limit shall be the Reinsurer’s maximum liability for each calendar year hereunder for all loss, cost or expense caused directly or indirectly by Terrorist Activity, as defined in the Agreement, including any action in hindering or defending against an actual or expected incident of Terrorist Activity and regardless of any other cause or event that in any way contributes concurrently or in any sequence to the loss, cost or expense.