Limit of Liability definition

Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.
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Limit of Liability means the limit of liability identified in the Award Letter;
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Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any
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Examples of Limit of Liability in a sentence

  • Unless otherwise specified in the Schedule: The Limit of Liability is the maximum liability of the Underwriters as in Item 3A of the Schedule.

  • The Underwriters, in their sole and absolute discretion, shall determine the amounts to be credited, if any, toward a reinstatement of such Limit of Liability.

  • Any Extended Reporting Period provided by this Policy shall not increase or reinstate any Limit of Liability or Sublimit of Liability of this Policy and is non-cancellable.

  • Should the Underwriters in their sole and absolute discretion, determine that the Limit of Liability in Item 3A of the Schedule will not be sufficient to cover the entire amount of the claim, the Underwriters shall pay the amounts claimed in accordance with the provisions of Section 9 of the Law Reform Act 1936.

  • The insurance provided by this Policy, shall apply only as excess over any other valid and collectible insurance, whether such other insurance is stated to be primary, contributory, excess, contingent or otherwise, unless such other insurance is written specifically as excess insurance over the applicable Limit of Liability provided by this Policy.


More Definitions of Limit of Liability

Limit of Liability means the Supplier’s limit of liability identified in the Award Letter;
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Limit of Liability means the amount specified as such in the Schedule.
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Limit of Liability means the limit of liability specified in the Schedule.
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Limit of Liability means the Limit of Liability specified in the Schedule.
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Limit of Liability. The total amount that We will pay for repairs made in connection with all claims that You make pursuant to this Service Agreement shall not exceed the original purchase price of Your Product (including taxes). In the event We make payments for repairs; which in the aggregate are equal to the original purchase price of Your Product, or We replace Your Product (all pieces if a matching set), We will have no further obligations under this Service Agreement. IN NO EVENT SHALL THE TOTAL OF ALL CLAIMS OR REPLACEMENT EXCEED THE ORIGINAL PRICE PAID BY YOU FOR THE COVERED PRODUCT. WE ARE NOT LIABLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES; INCLUDING BUT NOT LIMITED TO, PROPERTY DAMAGE, LOST TIME OR LOST DATA RESULTING FROM THE FAILURE OF ANY PRODUCT OR FROM DELAYS IN SERVICE OR THE INABILITY TO RENDER SERVICE. WE ARE NOT LIABLE FOR ANY AND ALL PRE‐EXISTING CONDITIONS THAT OCCUR PRIOR TO THE EFFECTIVE DATE OF THIS SERVICE AGREEMENT, INCLUDING ANY INHERENT PRODUCT FLAWS. SERVICE AGREEMENT TERMS: Coverage begins on the date of Product purchase or date of installation by the selling retailer (proof of installation date will be required if different from Product purchase date), and continues for the period of time defined on Your sales receipt. This Service Agreement is inclusive of the manufacturer’s warranty; it does not replace the manufacturer’s warranty but provides certain benefits during the term of the manufacturer’s warranty. During the manufacturer’s warranty period, any parts, labor or on‐site service or shipping costs covered by that warranty are the sole responsibility of the manufacturer; upon expiration of the manufacturer’s original warranty, this Service Agreement continues to provide many of the manufacturer’s benefits as well as certain additional benefits listed within this Service Agreement, and will furnish replacement parts and/or labor necessary to restore Your covered Product to standard manufacturer’s operating condition.
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Limit of Liability means the maximum amounts that We will pay. A Limit of Liability is not reduced by the amount of any Excess payable by You. Limits of Liability are stated in the ‘Limits of Liability’ section of the Certificate and/or elsewhere in this Policy. Marina Operator
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Limit of Liability means the Limit of Liability as stated in the Schedule.
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