Maximum Aggregate Liability definition

Maximum Aggregate Liability means the maximum aggregate amount of compensation payable by MIGA under this Contract over the term of the Guarantee Period, irrespective of the number of Losses, which shall be the amount specified in Clause 10D of the Special Conditions, as such amount may be reduced in accordance with Article 12.
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Maximum Aggregate Liability means the maximum aggregate liability of the Crown to a Creditor under the Initial Guarantee and the Crown Guarantee and any Replacement Guarantee/s, for which purpose “Replacement Guarantee” means any guarantee provided by the Crown as a result of the acceptance by the Principal Debtor of an offer made by the Crown under clause 9.4 (in connection with the withdrawal of the Crown Guarantee pursuant to that clause), any fourth guarantee provided by the Crown in connection with the withdrawal of that third guarantee under any similar provision, any fifth guarantee provided by the Crown in connection with the withdrawal of that fourth guarantee under any similar provision, and so on.
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Maximum Aggregate Liability means the Aggregate Loss Percentage of the Total Insured Loan Amount. The Maximum Aggregate Liability shall not be increased by, nor shall the Insured otherwise receive any credit for, any recoveries by the Company from any Borrower or any other Person or in any other respect in connection with the Loan or in connection with any payment made by the Company under this Policy.
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Examples of Maximum Aggregate Liability in a sentence

  • If the liability of the Company for all Losses under this Policy reaches the Maximum Aggregate Liability, the total premium under this Policy is due and payable and shall remain due and payable; provided, however, that the premium shall continue to be calculated and paid in the manner specified on the face hereof.

  • The provisions of this Section 20 shall survive the Close of Escrow and the indemnity obligations hereunder expressly fall outside of the Maximum Aggregate Liability Cap (as defined below) and are not capped by Buyer’s full Deposit amount.

  • Notwithstanding the foregoing, Seller’s Maximum Aggregate Liability Cap shall not apply with respect to (i) Seller’s indemnity obligations under Section 20 of this Agreement, (ii) any amounts to be prorated under ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇, (▇▇▇) Seller’s obligations under Paragraph 35 below, or (iv) Seller’s fraud.

  • In no event shall the Sellers’ aggregate liability for any breach of any of the Express Representations and Warranties exceed the Maximum Aggregate Liability.

  • Subject to the Maximum Aggregate Liability and any other conditions in this Policy, at any time that the Deductible is equal to zero, the Company shall be liable to pay Claims as set forth in this Policy.


More Definitions of Maximum Aggregate Liability

Maximum Aggregate Liability means, at any time during a Relevant Period, the amount specified against that Relevant Period in column (2) of Schedule 2 hereto;
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Maximum Aggregate Liability means at any time an amount which is £[ ] million per
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Maximum Aggregate Liability means US$5,500,000;
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Maximum Aggregate Liability means the maximum aggregate amount of compensation payable by MIGA under this Contract over the term of the Guarantee Period, irrespective of the
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Maximum Aggregate Liability means amount as specified in the Credit Approval, and may include specified Insured Percentage of the Insured Transaction and representing EXIM Bank’s maximum aggregate liability under the Policy.
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Maximum Aggregate Liability means $129,800,000.
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Maximum Aggregate Liability means the Aggregate Loss Percentage of the Total Insured Loan Amounts. The Maximum Aggregate Liability shall not be increased by, nor shall the Insured otherwise receive any credit for, any recoveries by the Company from any Borrower or any other Person or in any other respect in connection with the Loan or in connection with any payment made by the Company under this Policy.
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