Common use of Limits of Indemnity Clause in Contracts

Limits of Indemnity. If more than one Section of this Policy would otherwise apply to the same occurrence, act or claim or series of occurrences, acts or claims consequent on or attributable to the same or substantially the same source or original cause, then the aggregate maximum Limit of Indemnity under all Sections shall not exceed the highest applicable Limit of Indemnity under any one Section. The Limits of Indemnity apply separately to each consecutive annual period and to any remaining period of less than 12 months, starting with the beginning of the Period of Insurance shown in the Schedule, unless the Period of Insurance is extended after issuance for an additional period. In that case, the additional period will be deemed to form part of the last preceding period for purposes of determining the Limits of Indemnity. The Company’s obligations end when the applicable Limit of Indemnity has been exhausted.

Limits of Indemnity. If more than one Section of this Policy Part 2 would otherwise apply to the same occurrence, act or claim occurrence or series of occurrences, acts or claims occurrences consequent on or attributable to the same or substantially the same source or original cause, then the aggregate maximum Limit of Indemnity under all Sections of Part 2 shall not exceed the highest applicable Limit of Indemnity under any one SectionSection of Part 2. The Limits of Indemnity apply separately to each consecutive annual period and to any remaining period of less than 12 months, starting with the beginning of the Period of Insurance shown in the Schedule, unless the Period of Insurance is extended after issuance for an additional period. In that case, the additional period will be deemed to form part of the last preceding period for purposes of determining the Limits of Indemnity. The Company’s obligations end when the applicable Limit of Indemnity has been exhausted.