WebSep 17, 2024 · An aggregate annual deductible is the maximum amount policyholders need to pay within a policy period before their insurer pays for covered losses. In other words, if a policyholder files several claims or one large claim, they must pay out of pocket up to a certain dollar sum. Webthe maximum cumulative and aggregate liability of mongodb and mongodb’s affiliates, subsidiaries and related companies, and their employees, officers, directors, representatives, and agents for all costs, losses, or damages from claims arising out of or related in any way to this agreement or the parties’ respective obligations hereunder ...
Liability cap in business contracts Legly
Webcumulative liability meaning and definition in bonds and treasuries, A clause used to pick up liabilities under one or more bonds issued by the same company to protect a surety … WebMar 26, 2024 · ‘ (b) the aggregate liability of either party under the Contract for all defaults, other than those [resulting in direct loss of or damage to tangible property of the other party], shall not exceed the amount stated in schedule G to be the limit of such liability’. · Paragraph 9.2 of Schedule G: increased costs of working
How to successfully limit your contractual liability - Lexology
WebExcept as provided in subsection (d), the maximum cumulative and aggregate liability of Mackenzie to the Plan Sponsor for all claims, losses or damages arising under or related in any way to this Agreement in any particular calendar year shall in no event exceed the Fees paid to Mackenzie in that calendar year. WebMay 3, 2024 · The contract requires Premier to maintain a $3 million per occurrence limit for general liability and a $3 million per accident limit for auto liability insurance. If … WebAdjective. ( en adjective ) Formed by a collection of particulars into a whole mass or sum; collective; combined; added up. Consisting or formed of smaller objects or parts. Formed … increased cpp