Common use of Cross liabilities Clause in Contracts

Cross liabilities. The Company hereby agrees that, if the Insured comprises more than one party, the Company will treat each party as though a separate policy had been issued to each of them; provided that the Company’s liability in respect of any one Event, or in the aggregate during any one Period of Insurance, as applicable, shall not exceed the Limit of Indemnity.

Appears in 2 contracts

Sources: Indemnity Agreement, Indemnity Agreement