NON-ACCUMULATION OF LIABILITY Sample Clauses

The Non-Accumulation of Liability clause limits the total amount of liability that a party can incur under a contract, regardless of the number of claims or breaches that may arise. In practice, this means that if multiple incidents or breaches occur, the party’s financial responsibility is capped at a specified maximum, rather than increasing with each event. This clause is essential for providing certainty and predictability in risk exposure, ensuring that liability does not escalate uncontrollably due to multiple claims.
POPULAR SAMPLE Copied 1 times
NON-ACCUMULATION OF LIABILITY. Regardless of the number of years this bond shall continue in force and the number of premiums which shall be payable or paid, the liability of the Surety under this bond shall not be cumulative in amount from year to year or from period to period. LIMIT OF LIABILITY UNDER THIS BOND AND PRIOR INSURANCE:
View SourceView Similar (3)
NON-ACCUMULATION OF LIABILITY. Regardless of the number of years this Policy may continue in force, and of the number of premiums which may be payable or paid, or of any other circumstances whatsoever, the aggregate liability of the Insurer under this Policy with respect to any Insured Event(s) will not be cumulative from year to year or period to period. When there is more than one Insured, the aggregate Limit of Liability of the Insurer for Loss(es) sustained by any or all of them will not exceed the amount for which the Insurer would be liable if all Loss(es) were sustained by any one of them.
View SourceView Similar (5)
NON-ACCUMULATION OF LIABILITY. A. When there is more than one Insured, the maximum liability of the Underwriter for loss sustained by one or all Insureds shall not exceed the amount for which the Underwriter would be liable if all losses were sustained by any one Insured. B. Regardless of the number of years this coverage remains in effect and the total premium amounts due or paid, the limit of liability of the Underwriter with respect to any loss shall not be cumulative from Policy Period to Policy Period.
View SourceView Similar (2)
NON-ACCUMULATION OF LIABILITY. Amounts stated for Limits of Liability and Sub limits are maximum liabilities of the Company for all Insured’s together, not:
View SourceView Similar (2)
NON-ACCUMULATION OF LIABILITY. Regardless of the number of years this Fidelity Policy Section remains in effect and the total premiums due or paid, the Fidelity Limit of Indemnity shall not be cumulative from year to year or from Period of Insurance to Period of Insurance. 1. Expenses Coverage RSA shall pay the following costs and expenses incurred with its prior written consent; i. Investigation Expenses;
View SourceView Similar (2)
NON-ACCUMULATION OF LIABILITY. Regardless of the number of years this Policy remains in effect and the total premium amounts due or paid, the amount the Company shall pay for a loss under this Part 3 shall not be cumulative from year to year or from Period of Insurance to Period of Insurance. When there is more than one Insured, the aggregate liability of the Company for losses sustained by one or all of them shall not exceed the amount for which the Company would be liable if all losses were sustained by any one of them.
View Source
NON-ACCUMULATION OF LIABILITY. (A) When there is more than one Insured, the maximum liability of the Company for loss sustained by one or all Insureds shall not exceed the amount for which the Company would be liable if all losses were sustained by any one Insured. (B) Regardless of the number of years this policy remains in effect and the total premium amounts due or paid, the amount the Company shall pay for any loss shall not be cumulative from year to year or from Policy Period to Policy Period.
View Source
NON-ACCUMULATION OF LIABILITY. Regardless of the number of years this Policy remains in effect and the total premiums due or paid, the Limit of Liability shall not be cumulative from year to year or from Period of Insurance to period of insurance.
View Source

Related to NON-ACCUMULATION OF LIABILITY

  • 3Limitation of Liability ICANN’s aggregate monetary liability for violations of this Agreement will not exceed an amount equal to the Registry-Level Fees paid by Registry Operator to ICANN within the preceding twelve-month period pursuant to this Agreement (excluding the Variable Registry-Level Fee set forth in Section 6.3, if any). Registry Operator’s aggregate monetary liability to ICANN for breaches of this Agreement will be limited to an amount equal to the fees paid to ICANN during the preceding twelve-month period (excluding the Variable Registry-Level Fee set forth in Section 6.3, if any), and punitive and exemplary damages, if any, awarded in accordance with Section 5.2, except with respect to Registry Operator’s indemnification obligations pursuant to Section 7.1 and Section 7.2. In no event shall either party be liable for special, punitive, exemplary or consequential damages arising out of or in connection with this Agreement or the performance or nonperformance of obligations undertaken in this Agreement, except as provided in Section 5.2. Except as otherwise provided in this Agreement, neither party makes any warranty, express or implied, with respect to the services rendered by itself, its servants or agents, or the results obtained from their work, including, without limitation, any implied warranty of merchantability, non-infringement or fitness for a particular purpose.

  • Limitation of Liability for Payments Section 3.09 of the Basic Agreement shall be amended, with respect to the Applicable Trust, by deleting the phrase “the Owner Trustees or the Owner Participants” in the second sentence thereof and adding in lieu thereof “the Liquidity Provider”.

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Allocation of Liability It is expressly understood and agreed that the Seller shall be liable to third parties for any and all obligations, claims, losses, damages, liabilities, and expenses to the extent arising out of events, contractual obligations, acts, or omissions of the Seller that occurred in connection with the ownership or operation of the Property during the period in which the Seller owned the Property prior to the Closing and the Purchaser shall be liable to third parties for any and all obligations, claims, losses, damages, liabilities and expenses to the extent arising out of events, contractual obligations, acts, or omissions of the Purchaser that occur in connection with the ownership or operation of the Property during the period in which the Purchaser owns the Property after the Closing. The provisions of this Section 12.1 shall survive the Closing.

  • Compensation and Limitation of Liability 15 Section 1.