Common use of Conditions for Termination Clause in Contracts

Conditions for Termination. 13.1 Except as provided for under Sections 13.2, 13.3, 13.4, 13.5, 13.6 and 13.7, the Contract shall terminate at 11:59 PM, Washington, D.C. time, on the last day of the Guarantee Period. The rights and obligations under the Contract shall, however, extend to cover: (a) events of Loss commencing before the end of the Guarantee Period, if the Date of Loss occurred during the Guarantee Period, even if a Claim is made after the Guarantee Period; and (b) with respect to Breach of Contract coverage under Article 6 of this Contract, events of Loss where the legal or arbitral proceedings leading to an Award are commenced before the end of the Guarantee Period but the Award is rendered after the Guarantee Period, and a Claim is therefore made after the Guarantee Period, provided that the Claim is filed in writing with MIGA within a period of 18 months from the last day of the Guarantee Period.

Conditions for Termination. 13.1 Except as provided for under Sections 13.2, 13.3, 13.4, 13.5, 13.6 and 13.7, the Contract shall terminate at 11:59 PM, Washington, D.C. time, on the last day of the Guarantee Period. The rights and obligations under the Contract shall, however, extend to cover: (a) events of Loss commencing before the end of the Guarantee Period, Period if the Date of Loss occurred during the Guarantee Period, even if a Claim is made after the Guarantee Period; and (b) with respect to Breach of Contract coverage under Article 6 of this Contract, events of Loss where the legal or arbitral proceedings leading to an Award are commenced before the end of the Guarantee Period but the Award is rendered after the Guarantee Period, Period and a Claim is therefore made after the Guarantee Period, provided that the Claim is filed in writing with MIGA within a period of 18 months from the last day of the Guarantee Period.

Conditions for Termination. 13.1 Except as provided for under Sections 13.2, 13.3, 13.4, 13.5, 13.6 and 13.7, the Contract shall terminate at 11:59 PM, Washington, D.C. time, on the last day of the Guarantee Period. The rights and obligations under the Contract shall, however, extend to cover: cover (a) events of Loss commencing before the end of the Guarantee Period, if the Date of Loss occurred during the Guarantee Period, even if a Claim is made after the Guarantee Period; and (b) with respect to Breach of Contract coverage under Article 6 of this Contract, events of Loss where the legal or arbitral proceedings leading to an Award are commenced before the end of the Guarantee Period but the Award is rendered after the Guarantee Period, and a Claim is therefore made after the Guarantee Period, provided that the Claim is filed in writing with MIGA within a period of 18 months from the last day of the Guarantee Period.