Policy Aggregate Limit of Liability Clause Samples

The Policy Aggregate Limit of Liability clause sets the maximum total amount an insurer will pay for all claims made under a policy during a specified period, typically the policy term. This limit applies regardless of the number of individual claims, insured parties, or incidents that occur within that timeframe. For example, if the aggregate limit is $1 million, the insurer will not pay more than this amount in total, even if multiple claims are filed. The core function of this clause is to cap the insurer’s overall financial exposure, providing certainty for both the insurer and the insured regarding the maximum coverage available.
Policy Aggregate Limit of Liability for all Insureds/Members combined (Aggregate for all coverages combined, including Claim Expenses) but sublimits below:
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Policy Aggregate Limit of Liability. 1. For all Damages, Claims Expenses, Penalties and PCI Fines, Expenses and Costs: But sublimited to: USD 250,000 2. Aggregate sublimit of liability applicable to Insuring Agreement C. (Regulatory Defense and Penalties): USD 250,000 3. Aggregate sublimit applicable to Insuring Agreement E. (PCI Fines, Expenses and Costs): N/A B. LIMITS OF COVERAGE FOR PRIVACY BREACH RESPONSE SERVICES: 1. Notified Individuals Limit of Coverage: 2,500 Notified Individuals in the aggregate 2. Aggregate Limit of Coverage for all Computer Expert Services, Legal Services and Public Relations and Crisis Management Expenses combined: USD 50,000 Coverage for all Privacy Breach Response Services is separate from and in addition to the Policy Aggregate Limit of Liability.
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Policy Aggregate Limit of Liability for Insuring Agreements I.A. (Information Security & Privacy Liability), I.C. (Regulatory Defense & Penalties), I.D. (Website Media Content Liability) and I.E (Crisis Management & Public Relations): But sublimited to: USD <Limit> 2. Aggregate sublimit of liability applicable to Insuring Agreement I.C.: USD <Limit> 3. Aggregate sublimit applicable to Insuring Agreement I.E.: USD <Limit> The above sublimits of liability are part of, and not in addition to, the overall Policy Aggregate Limit of Liability. B. Limit of Coverage for ▇▇▇▇▇▇▇ Breach Response Services, Insuring Agreement I.B.: 1. Privacy Breach Response Services Aggregate Limit of Coverage for all incidents first discovered by the Insured and reported to Underwriters during the Policy Period: <Limit> Notified Individuals in the aggregate
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Policy Aggregate Limit of Liability. The Limits of Liability stated under 1, 2, 3, 4 and 5 above are part of, and not in addition to, the overall Policy Aggregate Limit of Liability stated under this Section 6. $3,000,000 The Limits of Liability under Item 5. shall apply separately to each Section. Under no circumstances shall any one Claim trigger multiple sections.
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Policy Aggregate Limit of Liability. The Policy Aggregate Limit of Liability for this Policy, as set forth in Item 3.III.(a) of the Declarations, is the Insurer’s maximum liability under Insuring Agreement I. and Section II., Additional Coverages A and B.
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Related to Policy Aggregate Limit of Liability

  • Limit of Liability Under no circumstances will the Company or an Affiliate be liable for any indirect, incidental, consequential or special damages (including lost profits) of any form incurred by any person, whether or not foreseeable and regardless of the form of the act in which such a claim may be brought, with respect to the Plan.

  • Aggregate Limits of Liability The basic coverage limits of liability may be subject to annual aggregate limits. If this is the case the annual aggregate limits of liability must be at least two (2) times the limits required for each policy, or the aggregate may equal the limits required but must apply separately to this Agreement.

  • Indemnity; Limitation of Liability As an officer of the Company, the Executive shall be entitled to indemnity and limitation of liability as provided pursuant to the Company’s Articles of Incorporation, bylaws and any other governing document, as the same shall be amended from time to time.

  • Liability Limits Notwithstanding anything to the contrary set forth herein, no Purchaser Indemnified Party shall be indemnified by the Shareholder under this Article X for any Purchaser Losses (i) with respect to any claim unless such claim involves Purchaser Losses in excess of $75,000 (the “Single Claim Amount”) and (ii) unless and until the aggregate amount of such Purchaser Losses exceeds three-fourths of one percent (0.75%) of the Purchase Price (the “Deductible”), but only if such Purchaser Losses also meet the requirements of clause (i) of this Section 10.5(a), after which the Shareholder shall only be obligated for such aggregate Purchaser Losses in excess of the Deductible. (a) The total aggregate amount of the liability of the Shareholder for Purchaser Losses shall be limited to ten percent (10%) of the Purchase Price (the “Cap”). (b) Neither the Single Claim Amount nor the Deductible shall apply to any Purchaser Losses (i) pursuant to Section 10.1(b), Section 10.1(c), Section 10.1(d), Section 10.1(e) or Section 10.1(f), or (ii) in respect of any fraud claim or any claim related to a breach of Section 4.1, Section 4.2, Section 4.3, Section 4.4, Section 4.14 or Section 4.25. The Cap shall not apply to any Purchaser Losses (i) pursuant to Section 10.1(b), Section 10.1(c), or Section 10.1(d) or (ii) in respect of any fraud claim or any claim related to a breach of Section 4.1, Section 4.2, Section 4.3, Section 4.4, Section 4.14 or Section 4.25. (c) Payments by an Indemnifying Party pursuant to Section 10.1 or Section 10.2 in respect of any Purchaser Loss or Shareholder Loss shall be limited to the amount of any liability or damage that remains after deducting therefrom any insurance proceeds and any indemnity, contribution or other similar payment received by the Indemnified Party (or the Company or any of its Subsidiaries) in respect of any such claim. The Indemnified Party shall use its commercially reasonable efforts to recover under insurance policies or indemnity, contribution or other similar agreements for any Losses before seeking indemnification under this Agreement. (d) In no event shall any Indemnifying Party be liable to any Indemnified Party for any punitive, incidental, exemplary, consequential, special or indirect damages, including loss of future revenue or income, loss of business reputation or opportunity relating to the breach or alleged breach of this Agreement, or diminution of value or any damages based on any type of multiple (except to the extent such types of damages constitute losses to a third party as a result of any claim).

  • Guaranty; Limitation of Liability (a) Each Guarantor, jointly and severally, hereby absolutely, unconditionally and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all Obligations of each other Loan Party now or hereafter existing under or in respect of the Loan Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such obligations being the “Guaranteed Obligations”), and agrees to pay any and all reasonable expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by the Administrative Agent or any other Secured Party in enforcing any rights under this Agreement or any other Loan Document. Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to any Secured Party under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party. (b) Each Guarantor, and by its acceptance of this Agreement, the Administrative Agent and each other Secured Party, hereby confirms that it is the intention of all such Persons that this Agreement and the Obligations of each Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guaranty and the Obligations of each Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, the other Lenders and the Guarantors hereby irrevocably agree that the obligations of each Guarantor under this Guaranty at any time shall be limited to the maximum amount as will result in the Obligations of such Guarantor under this Agreement not constituting a fraudulent transfer or conveyance. (c) Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any Secured Party under this Agreement or any other guaranty, such Guarantor will contribute, to the maximum extent permitted by law, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate amount paid to the Secured Parties under or in respect of the Loan Documents.