Extended Reporting Sample Clauses
Extended Reporting. If any of the required liability insurance is permitted to be and is on a "claims made" basis, the Contractor or Subcontractor who provided the insurance coverage, shall obtain an extended reporting period on the claims made policy or maintain the claims made policy for a duration of at least 24 months from the date the applicable work has been completed and accepted by Owner or the date of Final Completion. This extended reporting requirement shall be satisfied with documentation of one of the following: o Maintaining the applicable continuous claims made policy with liability coverage; o Extended Reporting Endorsement; or o Tail Coverage.
Extended Reporting. If any of the required insurance is on a claims made basis and does not include an extended reporting period through the statute of ultimate repose, Consultant shall maintain continuous claims made liability coverage, provided the effective date of the continuous claims made coverage is on or before the effective date of this Contract, for a period equal to the statute of ultimate repose following the later of (i) Consultant’s completion and Owner’s acceptance of all Services required under this Contract, or, (ii) The expiration of all warranty periods provided under this Contract.
Extended Reporting. Period If this policy is terminated non-renewed for any reason, other than termination by the Company for non-payment of premium, then the Principal Organisation and the Insured Persons shall have the right, upon payment of the additional premium set forth in Item 5(A) of the Schedule, to an extension of the coverage granted by this Policy for Claims first made during the period set forth in Item 5(B) of the Schedule (the “Extended Reporting Period”) following the effective date of termination or non-renewal, but only to the extent such Claims are for Wrongful Acts occurring before the effective date of termination or non-renewal. The offer of renewal terms and conditions or premiums different from those in effect prior to renewal shall not constitute refusal to renew. The right to purchase an extension of coverage as described under this Section 7 shall lapse unless written notice of election to purchase the extension, together with payment of the additional premium due, is received by the Company within thirty (30) days after the effective date of termination or non-renewal. Any Claim made during the Extended Reporting Period shall be deemed to have been made during the immediately preceding Policy Period. The entire additional premium for the Extended Reporting Period shall be deemed fully earned at the inception of such Extended Reporting Period.
Extended Reporting