Common use of INSURANCE CONTRACT Clause in Contracts

INSURANCE CONTRACT. The Company shall pay on behalf of an Insured all Loss which such Insured becomes legally obligated to pay on account of any Claim first made against such Insured during the Policy Period or, if exercised, during the Extended Reporting Period, for:

INSURANCE CONTRACT. 1. The Company shall pay on behalf of an the Insured all Loss which such Insured becomes legally obligated to pay on account arising solely out of Professional Services resulting from any Claim first made against such Insured during the Policy Period or, if exercised, during the Extended Reporting Period, for:but only if such Claim is reported to the Company in writing and in the manner and within the time provided in section 5 of this policy.