B. The Company will pay Loss, Defense Expenses and Settlement Fees that the Insured is legally obligated to pay. The Company will not pay for any Claim to the extent that any applicable law restricts or prohibits the payment of such Loss, Defense Expenses and Settlement Fees.
C. The Limit of Liability available to pay Loss, Defense Expenses and Settlement Fees shall not exceed the Limit of Liability stated in the Declarations for any one Claim or for all Claims arising out of any one act or omission, or all related acts or omissions.
D. Defense Expenses will be included in and not in addition to the Limit of Liability. If the Limit of Liability is exhausted by the payment of Loss, Defense Expenses and Settlement Fees, the Company’s obligation to pay Loss, Defense Expenses and Settlement Fees shall be limited to the amount of such Limit of Liability.
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FIDUCIARY LIABILITY THIS IS A CLAIMS MADE COVERAGE WITH DEFENSE EXPENSES INCLUDED IN THE LIMIT OF LIABILITY. PLEASE READ ALL TERMS CAREFULLY. A. The Company will pay on behalf of the Insured, Loss
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