Common use of Commencement and Expiration Clause in Contracts

Commencement and Expiration. A. This Contract shall be effective 12:01 a.m., Local Standard Time, January 1, 2009 and shall remain in full force and effect until 12:01 a.m., Local Standard Time, January 1, 2010, in respect of Loss Occurrences taking place during said period, unless terminated earlier as provided herein. Local Standard Time refers to the location of the risk. B. The Subscribing Reinsurer shall have no liability for losses arising out of occurrences commencing after the effective time and date of expiration. C. If this Contract expires while a Loss Occurrence covered hereunder is in progress, the Subscribing Reinsurer shall indemnify the Company as if the entire Loss Occurrence had occurred during the term of this Contract.

Commencement and Expiration. A. This Contract shall be effective 12:01 a.m., Local Standard Time, January 1, 2009 2010 and shall remain in full force and effect until 12:01 a.m., Local Standard Time, January 1, 20102011, in respect of Loss Occurrences taking place during said period, unless terminated earlier as provided herein. Local Standard Time refers to the location of the risk. B. The Subscribing Reinsurer shall have no liability for losses arising out of occurrences commencing after the effective time and date of expiration. C. If this Contract expires while a Loss Occurrence covered hereunder is in progress, the Subscribing Reinsurer shall indemnify the Company as if the entire Loss Occurrence had occurred during the term of this Contract.. Effective: January 1, 2010 Page 1 of 37 2010 Agency Markets Workers’ Compensation Catastrophe Reinsurance Contract No. 2010300