Motor contingent liability Sample Clauses

The motor contingent liability clause provides coverage for liability arising from the use of motor vehicles that are not owned by the insured but are used in connection with the insured's business. Typically, this clause applies when employees use their personal vehicles for work purposes or when vehicles are hired or borrowed temporarily. Its core function is to protect the insured from third-party claims for bodily injury or property damage that may occur in such situations, thereby addressing gaps in standard motor insurance and ensuring comprehensive risk management for business operations.
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Motor contingent liability. Notwithstanding the exclusion ‘Ownership or use of mechanically propelled vehicles’, we agree to indemnify you in respect of liability arising out of or from the operation or use of any mechanically propelled vehicle not owned, hired or borrowed by or leased to you which is used in the course of business provided that this clause excludes and we will not be liable for: a) damage to such vehicle or to property conveyed therein or thereon, b) bodily injury or damage arising while such vehicle is being driven by; i) any other insured party other than an employee; or ii) any person who to your knowledge or the knowledge of any your directors, officers or managers, does not hold a licence to drive such vehicle; c) bodily injury or damage caused or arising while such vehicle is: i) engaged in racing, pace-making, reliability trials or speed testing; ii) being used outside the European Union; bodily injury or damage in respect of which you or any other insured party is entitled to indemnity under any other insurance.
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Motor contingent liability. Notwithstanding the exclusion ‘Ownership or use of mechanically propelled vehicles’, the insurer agrees to indemnify the public authority in respect of liability arising out of or from the operation or use of any mechanically propelled vehicle not owned, hired or borrowed by or leased to the insured which is used in the course of business provided that this clause excludes and the insurer will not be liable for: a) damage to such vehicle or to property conveyed therein or thereon, b) bodily injury or damage arising while such vehicle is being driven by; i) any person other than an employee or member; or ii) any person who to the insured’s knowledge or the knowledge of any member, director, officer or manager of the insured, does not hold a licence to drive such vehicle; c) bodily injury or damage caused or arising while such vehicle is: i) engaged in racing, pace-making, reliability trials or speed testing; ii) being used outside the European Union; d) bodily injury or damage in respect of which the insured is entitled to indemnity under any other insurance.
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Motor contingent liability. 4.4.1 Notwithstanding exclusion 5.23 to insured sections A, B and C, the insurer agrees to indemnify the insured in respect of liability arising out of or from the operation or use of any mechanically propelled vehicle not owned hired or borrowed by or leased to the insured and used in the course of business, provided that this clause excludes and the insurer will not be liable for: a) damage to such vehicle or to property conveyed therein or thereon, or b) bodily injury or damage arising while such vehicle is being driven by; i) any person who to the insured’s knowledge does not hold a licence to drive such vehicle; c) bodily injury or damage caused or arising while such vehicle is: i) engaged in racing, pace-making, reliability trials or speed testing; ii) being used outside the United Kingdom; d) bodily injury or damage in respect of which the insured is entitled to indemnity under any other insurance.
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Motor contingent liability. Notwithstanding the exclusion „Ownership or use of mechanically propelled vehicles‟, we agree to indemnify you in respect of liability arising out of or from the operation or use of any mechanically propelled vehicle not owned, hired or borrowed by or leased to you which is used in the course of business provided that this clause excludes and we will not be liable for: a) damage to such vehicle or to property conveyed therein or thereon, b) bodily injury or damage arising while such vehicle is being driven by; i) any other insured party other than an employee; or ii) any person who to your knowledge or the knowledge of any your directors, officers or managers, does not hold a licence to drive such vehicle; c) bodily injury or damage caused or arising while such vehicle is:
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Related to Motor contingent liability

  • Contingent Liability Where we effect or arrange a Transaction, you should note that, depending upon the nature of the Transaction, you may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of your position. You may be required to make further variable payments by way of margin against the purchase price of the investment, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of your investment will affect the amount of margin payment you will be required to make. We will monitor your margin requirements on a daily basis and we will inform you as soon as it is reasonably practicable of the amount of any margin payment required under this clause.

  • Litigation and Contingent Liabilities No litigation (including derivative actions), arbitration proceeding or governmental investigation or proceeding is pending or, to the Company’s knowledge, threatened against any Loan Party which might reasonably be expected to have a Material Adverse Effect, except as set forth in Schedule 9.6. Other than any liability incident to such litigation or proceedings, no Loan Party has any material contingent liabilities not listed on Schedule 9.6 or permitted by Section 11.1.

  • Contingent Liabilities Assume, guarantee, endorse or otherwise become contingently liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and except for obligations arising in connection with the sale of Mortgage Loans with recourse in the ordinary course of Borrower's business.

  • Litigation and Contingent Obligations There is no litigation, arbitration, governmental investigation, proceeding or inquiry pending or, to the knowledge of any of their officers, threatened against or affecting the Borrower or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect or which seeks to prevent, enjoin or delay the making of any Loans. Other than any liability incident to any litigation, arbitration or proceeding which could not reasonably be expected to have a Material Adverse Effect, the Borrower has no material contingent obligations not provided for or disclosed in the financial statements referred to in Section 5.4.

  • Joint Liability 26.1. Notwithstanding anything contained herein or in any agreement between the Issuer and the RTA, the Issuer and the RTA shall be jointly and severally responsible and liable to CDSL, its participants and beneficial owners for compliance with all obligations under this Agreement as also under the Bye Laws and Operating Instructions.