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AD/S COMPANIES -2015
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AD/S COMPANIES -2015
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Last modified
5/27/2016 9:56:25 AM
Creation date
3/22/2016 3:44:52 PM
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Template:
Contracts
Company Name
AD/S COMPANIES
Contract #
A-2015-276
Agency
Community Development
Council Approval Date
12/1/2015
Expiration Date
12/1/2016
Insurance Exp Date
5/5/2016
Destruction Year
2021
Document Relationships
AD/S COMPANIES (2) -2015
(Amended By)
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\Contracts / Agreements\A
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4. The limits shown in the Declarations for Each Occurrence, Damage To Premises Rented To You and <br />Medical Expense continue to apply. However, instead of being subject to the General Aggregate Limit <br />shown in the Declarations, such limits will be subject to the applicable Designated Construction Project <br />General Aggregate Limit, <br />S. All payments under this endorsement are subject to the Maximum Aggregate Limit of: <br />$ 5,000,000 <br />The Maximum Aggregate Limit is the most we will pay under this endorsement regardless of the number <br />of Designated Construction Project General Aggregate Limits. The Maximum Aggregate Limit is not <br />available to pay for damages or expenses other than as set forth in the endorsement. <br />B. For all sums which the Insured becomes legally obligated to pay as damages caused by 'occurrences" under <br />Section 1 ' Coverage A, and for all medical expenses caused by accidents under Section 17 Coverage C, <br />which cannot be attributed only to ongoing operations at a single designated construction project shown in the <br />Schedule above: <br />1. Any payments made under Coverage A for damages or under Coverage C for medical expenses shall <br />reduce the amount available under the General Aggregate Limit or the Products - completed Operations <br />Aggregate Limit, whichever is applicable; and <br />2. Such payments shall not reduce any Designated Construction Project General Aggregate Limit. <br />C. When coverage for liability arising out of the "products- completed operations hazard" is provided, any <br />payments for damages because of "bodily injury" or "property damage" included in the "products- completed <br />operations hazard" will reduce the Products- completed Operations Aggregate Limit, and not reduce the <br />General Aggregate Limit nor the Designated Construction Project General Aggregate Limit. <br />D. If the applicable designated construction project has been abandoned, delayed, or abandoned and then <br />restarted, or if the authorized contracting parties deviate from plans, blueprints, designs, specifications or <br />timetables, the project will still be deemed to be the same construction project. <br />E. The provisions of Section III ... Limits Of Insurance not otherwise modified by this endorsement shall continue <br />to apply as stipulated, <br />V11 <br />VE 0184 12 13 Page 2 of 2 <br />
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