Page 144 - Binder2

ii) if a payment exceeding the Limit of Indemnity has to be made by the Insured to dispose of
a claim, the liability of the Company to pay any Defence Costs in connection therewith shall
be limited to such proportion of the Defence Costs as the Limit of Indemnity bears to the
amount paid to dispose of the claim.

11.
Defence
Costs In the event of a loss arising to which the Company may be liable to contribute, no Defence Costs
shall be incurred on its behalf without its written consent being first obtained.

12.
Multiple
Insureds The inclusion in the Schedule of more than one Insured shall not increase the liability of the
Company under this insurance. If two or more such Insureds are involved in the same incident,
such incident shall be treated as a single occurrence for the purpose of indemnity under this
insurance.

13.
Cross
Liabilities Other than in respect of Sections E, F, G, H and I, each person or party specified as the Insured in
the Schedule is separately indemnified in respect of claims made against any of them by any
other.

14.
Observance The liability of the Company shall be conditional on the observance by the Insured of the terms of
this insurance.

- 18 -
ASPEN LOCAL AUTHORITY COMBINED LIABILITY 2015