Page 104 - Binder3

2. Discharge of Liability
We may at any time pay the maximum amount payable under this part after deduction of any sum
already paid or any lower amount for which any claim can be settled and then relinquish the conduct
and control and be under no further liability in respect of the claim except for the payment of Costs
and Expenses incurred with our written consent prior to the date of such payment.

3. Limit of Indemnity
The limit of indemnity stated in the schedule is our monetary limit in respect of the insurance provided
under this part including all Costs and Expenses and applies in the aggregate to:
a) all claims made during any one period of insurance; and
b) all damages and Costs and Expenses incurred or awarded in connection with any one publication
or utterance whether all claims in respect of such publication or utterance are made during the
same period of insurance or not.

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