Higher Limits Clause Samples
The "Higher Limits" clause allows parties to agree on insurance coverage amounts that exceed the minimum requirements specified in a contract. In practice, this means that one party may be required to obtain and maintain insurance policies with higher coverage limits, either at their own discretion or upon the request of the other party. This clause is often used to address unique risks or exposures that are not adequately covered by standard insurance limits, ensuring that sufficient financial protection is in place for both parties.
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Higher Limits. The Seller has responsibility to determine if higher limits are desired and purchased.
Higher Limits. If the contractor maintains higher limits than the minimums shown above, the City requires and shall be entitled to coverage for the higher limits maintained by the Contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.
Higher Limits. If the Consultant maintains higher limits than required under this Agreement, then the City shall be entitled to coverage for the higher limits maintained by the Consultant. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.
Higher Limits. If Developer maintains higher limits than the minimums specified herein, VCTC shall be entitled to coverage for the higher limits maintained by Developer.
Higher Limits. If Consultant maintains higher limits than the minimums specified herein, the Agency shall be entitled to coverage for the higher limits maintained by the Consultant.
Higher Limits. If Licensee maintains higher limits than the minimums specified herein, then VCTC shall be entitled to coverage for the higher limits maintained by Licensee.
Higher Limits. In the event CONTRACTOR maintains higher insurance coverage amounts beyond what is required by this Agreement, VCTC shall be entitled to those higher coverage limits in the event of a claim.
Higher Limits. If CONSULTANT maintains higher limits than the minimums shown above, SBCTA shall be entitled to coverage for the higher limits maintained by CONSULTANT. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to SBCTA.
Higher Limits. If Lessee maintains higher limits than the minimums specified herein, then VCTC shall be entitled to coverage for the higher limits maintained by Lessee.
Higher Limits. If Developer or a contractor or subcontractor maintains higher limits than the minimums specified in this Section 25, the City requires and shall be entitled to coverage for the higher limits maintained by Developer, contractor or subcontractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.