Cancellation by the first Named Insured. for any reason does not require written notice by the company. The policy is cancelled by the first Named Insured effective 11:59 P.M. the date of any of the following: (1) The "underground storage tank" listed on the policy is removed, permanently closed or abandoned; (2) A transaction causes the first Named Insured to be neither the UST owner or UST operator as those terms are defined in the Federal Resource Conservation and Recovery Act, 40 CFR 280, and the regulations from time to time adopted pursuant to that act or successor acts or amendments.
Appears in 4 contracts
Samples: Pollution Liability Insurance Policy, Pollution Liability Insurance Policy, Pollution Liability Insurance Policy
