Common use of Automatic Extended Reporting Period Clause in Contracts

Automatic Extended Reporting Period. Provided the INSURED has not purchased any other insurance to replace Coverage B which applies to a CLAIM otherwise covered under Coverage B, the NAMED INSURED shall have a period of forty-five (45) days following the effective date of termination of coverage in which to provide written notice to the Company of CLAIMS first made and reported within the Automatic Extended Reporting Period. A CLAIM first made and reported within the Automatic Extended Reporting Period will be deemed made on the last day of the POLICY PERIOD, provided the CLAIM arises from POLLUTION CONDITIONS that commenced before the end of the POLICY PERIOD and is otherwise covered by this Policy. The Automatic Extended Reporting Period shall not apply if the Optional Extended Reporting Period becomes effective.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Commercial Mortgage Pass-Through Certificate Series 2000-1), Pooling and Servicing Agreement (Banc of Amercia Com Mort Pas Thru Cer Series 2000-2)

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Automatic Extended Reporting Period. Provided the INSURED has not purchased any other insurance to replace Coverage B which applies to a CLAIM otherwise covered under Coverage B, the NAMED INSURED shall have a period of forty-five (45) days following the effective date of termination of or coverage in which to provide written notice to the Company of CLAIMS first made and reported within the Automatic Extended Reporting Period. A CLAIM first made and reported within the Automatic Extended Reporting Period will be deemed made on the last day of the POLICY PERIOD, provided the CLAIM arises from POLLUTION CONDITIONS that commenced before the end of the POLICY PERIOD and is otherwise covered by this Policy. The Automatic Extended Reporting Period shall not apply if the Optional Extended Reporting Period becomes effective.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of Amercia Com Mort Pas Thru Cer Series 2000-2)

Automatic Extended Reporting Period. Provided the INSURED has not purchased any other insurance to replace Coverage B which applies to a CLAIM otherwise covered under Coverage B, the NAMED INSURED shall have a period of forty-five live (45) days following the effective date of termination of coverage in which to provide written notice to the Company of CLAIMS CLAIMs first made and reported within the Automatic Extended Reporting Period. A CLAIM first made and reported within the Automatic Extended Reporting Period will be deemed made on the last day of the POLICY PERIOD, provided the CLAIM arises from POLLUTION CONDITIONS that commenced before the end of the POLICY PERIOD and is otherwise covered by this Policy. The Automatic Extended Reporting Period shall not apply if the Optional Extended Reporting Period becomes effective.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of Amercia Com Mort Pas Thru Cer Series 2000-2)

Automatic Extended Reporting Period. Provided the INSURED has not purchased any other insurance to replace Coverage B which applies to a CLAIM otherwise covered under Coverage B, the NAMED INSURED shall have a period of forty-five (45) days following the effective date of termination of or coverage in which to provide written notice to the Company of CLAIMS Claims first made and reported within the Automatic Extended Reporting Period. A CLAIM Claim first made and reported within the Automatic Extended Reporting Period will be deemed made on the last day of the POLICY PERIODPolicy Period, provided the CLAIM Claim arises from POLLUTION CONDITIONS Pollution Conditions that commenced before the end of the POLICY PERIOD Policy Period and is otherwise covered by this Policy. The Automatic Extended Reporting Period shall not apply if the Optional Extended Reporting Period becomes effective.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of Amercia Com Mort Pas Thru Cer Series 2000-2)

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Automatic Extended Reporting Period. Provided the INSURED has not purchased any other insurance to replace Coverage B which applies to a CLAIM Claim otherwise covered under Coverage B, the NAMED INSURED shall have a period of forty-five (45) days following the effective date of termination of coverage in which to provide written notice to the Company of CLAIMS first made and reported within the Automatic Extended Reporting Period. A CLAIM first made and reported within the Automatic Extended Reporting Period will be deemed made on the last day of the POLICY PERIOD, provided the CLAIM Claim arises from POLLUTION CONDITIONS that commenced before the end of the POLICY PERIOD and is otherwise covered by this Policy. The Automatic Extended Reporting Period shall not apply if the Optional Extended Reporting Period becomes effective.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Commercial Mortgage Pass-Through Certificate Series 2000-1)

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