Example ContractsClausesseverability of interest, primary and non contributoryVariants
Severability of Interest, Primary and Non-Contributory
Severability of Interest, Primary and Non-Contributory contract clause examples

Severability of Interest, Primary and Non-Contributory. All liability policies required in [Sections 1.1(c), (d) and (f)])])] of this [Schedule 5.17] above that are maintained by the Borrower or on behalf of the Borrower shall expressly provide that all provisions thereof, except the limits of liability (which shall be applicable to all insureds as a group) shall operate in the same manner as if there were a separate policy covering each such insured and shall not contain exclusions or limitations for cross-liability (to the extent commercially available). All policies required in this [Schedule 5.17] shall not impose liability for premiums on additional insureds and shall be considered primary and non-contributory in relation to any other policies the Secured Parties may hold.

Severability of Interest, Primary and Non-Contributory. All liability policies required in Sections 1(c), (d) and (f) above that are maintained by the Collateral Parties or on behalf of the Collateral Parties shall expressly provide that all provisions thereof, except the limits of liability (which shall be applicable to all insureds as a group) shall operate in the same manner as if there were a separate policy covering each such insured. All policies required in this [Schedule 8.4.1] shall not impose liability for premiums on additional insureds and shall be considered primary and non-contributory with any other policies the Lenders may hold;

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.