Common use of No Cancellation Clause in Contracts

No Cancellation. This contract cannot be cancelled except (in the case of (a), (b) or (c) below) by the agreement of both the insured firm and the insurer, and in any event only in circumstances where: (a) the insured firm‟s practice is merged into a successor practice, provided that there is insurance complying with the MTC in relation to that successor practice, in which case cancellation shall have effect no earlier than the date of such merger; or (b) replacement insurance complying with the MTC commences, but only where, in the case of insurance not provided wholly or partly by the ARP, the replacement insurance is not provided wholly or partly by the ARP, in which case cancellation shall have effect no earlier than the date on which such replacement insurance commences; or (c) it subsequently transpires that the insured firm is not required under the SRA Indemnity Insurance Rules to effect a policy of qualifying insurance, in which case cancellation shall have effect from the later of (a) the start of the relevant indemnity period and (b) the date on which the insured firm ceased to be required to effect a policy of qualifying insurance, or such later date as the insured firm and the insurer may agree; or (d) it subsequently transpires that the insured firm was not or has ceased to be an eligible firm, in which case cancellation shall have effect from the date on which it ceased to be an eligible firm. Cancellation will not affect the rights and obligations of the insurer and the insured accrued under this contract prior to the date from which cancellation has effect.

No Cancellation. This contract cannot be cancelled except (in the case of (a), (b) or (c) below) by the agreement of both the insured firm and the insurer, and in any event only in circumstances where: (a) the insured firm‟s firm’s practice is merged into a successor practice, provided that there is insurance complying with the MTC in relation to that successor practice, in which case cancellation shall have effect no earlier than the date of such merger; or (b) replacement insurance complying with the MTC commences, but only where, in the case of insurance not provided wholly or partly by the ARP, the replacement insurance is not provided wholly or partly by the ARP, in which case cancellation shall have effect no earlier than the date on which such replacement insurance commences; or (c) it subsequently transpires that the insured firm is not required under the SRA Indemnity Insurance Rules to effect a policy of qualifying insurance, in which case cancellation shall have effect from the later of (a) the start of the relevant indemnity period and (b) the date on which the insured firm ceased to be required to effect a policy of qualifying insurance, or such later date as the insured firm and the insurer may agree; or (d) it subsequently transpires that the insured firm was not or has ceased to be an eligible firm, in which case cancellation shall have effect from the date on which it ceased to be an eligible firm. Cancellation will not affect the rights and obligations of the insurer and the insured accrued under this contract prior to the date from which cancellation has effect.

No Cancellation. This contract cannot be cancelled except (in the case of (a), (b) or (c) below) by the agreement of both the insured firm Insured Firm and the insurerInsurer, and in any event only in circumstances where: (a) the insured firm‟s practice Insured Firm’s Practice is merged into a successor practiceSuccessor Practice, provided that there is insurance complying with the MTC Minimum Terms and Conditions in relation to that successor practiceSuccessor Practice, in which case cancellation shall have effect no earlier than the date of such merger; or (b) replacement insurance complying with the MTC Minimum Terms and Conditions commences, but only where, in the case of insurance not provided wholly or partly by the ARPAssigned Risks Pool, the replacement insurance is not provided wholly or partly by the ARPAssigned Risks Pool, in which case cancellation shall have effect no earlier than the date on which such replacement insurance commences; or (c) it subsequently transpires that the insured firm Insured Firm is not required under the SRA Solicitors Indemnity Insurance Rules 2010 to effect a policy of qualifying insuranceQualifying Insurance, in which case cancellation shall have effect from the later of (a) the start of the relevant indemnity period Indemnity Period and (b) the date on which the insured firm Insured Firm ceased to be required to effect a policy of qualifying insuranceQualifying Insurance, or such later date as the insured firm Insured Firm and the insurer Insurer may agree; or (d) it subsequently transpires that the insured firm Insured Firm was not or has ceased to be an eligible firmEligible Firm, in which case cancellation shall have effect from the date on which it ceased to be an eligible firmEligible Firm. Cancellation will not affect the rights and obligations of the insurer Insurer and the insured Insured accrued under this contract prior to the date from which cancellation has effect.

No Cancellation. This contract cannot be cancelled except (in the case of (a), (b) or (c) below) by the agreement of both the insured firm Insured Firm and the insurerInsurer, and in any event only in circumstances where: (a) the insured firm‟s practice Insured Firm‘s Practice is merged into a successor practiceSuccessor Practice, provided that there is insurance complying with the MTC Minimum Terms and Conditions in relation to that successor practiceSuccessor Practice, in which case cancellation shall have effect no earlier than the date of such merger; or (b) replacement insurance complying with the MTC Minimum Terms and Conditions commences, but only where, in the case of insurance not provided wholly or partly by the ARPAssigned Risks Pool, the replacement insurance is not provided wholly or partly by the ARPAssigned Risks Pool, in which case cancellation shall have effect no earlier than the date on which such replacement insurance commences; or (c) it subsequently transpires that the insured firm Insured Firm is not required under the SRA Solicitors Indemnity Insurance Rules 20092010 to effect a policy of qualifying insuranceQualifying Insurance, in which case cancellation shall have effect from the later of (a) the start of the relevant indemnity period Indemnity Period and (b) the date on which the insured firm Insured Firm ceased to be required to effect a policy of qualifying insuranceQualifying Insurance, or such later date as the insured firm Insured Firm and the insurer Insurer may agree; or (d) it subsequently transpires that the insured firm Insured Firm was not or has ceased to be an eligible firmEligible Firm, in which case cancellation shall have effect from the date on which it ceased to be an eligible firmEligible Firm. Cancellation will not affect the rights and obligations of the insurer Insurer and the insured Insured accrued under this contract prior to the date from which cancellation has effect.

No Cancellation. This contract cannot be cancelled except (in the case of (a), (b) or (c) below) by the agreement of both the insured firm Insured Firm and the insurerInsurer, and in any event only in circumstances where: (a) the insured firm‟s practice Insured Firm’s Practice is merged into a successor practiceSuccessor Practice, provided that there is insurance complying with the MTC Minimum Terms and Conditions in relation to that successor practiceSuccessor Practice, in which case cancellation shall have effect no earlier than the date of such merger; or (b) replacement insurance complying with the MTC Minimum Terms and Conditions commences, but only where, in the case of insurance not provided wholly or partly by the ARPAssigned Risks Pool, the replacement insurance is not provided wholly or partly by the ARPAssigned Risks Pool, in which case cancellation shall have effect no earlier than the date on which such replacement insurance commences; or (c) it subsequently transpires that the insured firm Insured Firm is not required under the SRA Indemnity Insurance Rules 2011 to effect a policy of qualifying insuranceQualifying Insurance, in which case cancellation shall have effect from the later of (a) the start of the relevant indemnity period Indemnity Period and (b) the date on which the insured firm Insured Firm ceased to be required to effect a policy of qualifying insuranceQualifying Insurance, or such later date as the insured firm Insured Firm and the insurer Insurer may agree; or (d) it subsequently transpires that the insured firm Insured Firm was not or has ceased to be an eligible firmEligible Firm, in which case cancellation shall have effect from the date on which it ceased to be an eligible firmEligible Firm. Cancellation will not affect the rights and obligations of the insurer Insurer and the insured Insured accrued under this contract prior to the date from which cancellation has effect.

No Cancellation. This contract The insurance must provide that it cannot be cancelled except (in the case of (a), (b) or (c) below) by the agreement of both the insured firm and the insurer, and in any event only in circumstances where: (a) the insured firm‟s practice is merged into a successor practice, provided that there is insurance complying with the these MTC in relation to that successor practice, in which case cancellation shall have effect no earlier than the date of such merger; or (b) replacement insurance insurance, complying with the MTC minimum terms and conditions in effect at its commencement, commences, but only where, in the case of insurance not provided wholly or partly by the ARP, the replacement insurance is not provided wholly or partly by the ARP, in which case cancellation shall have effect no earlier than the date on which such replacement insurance commences; or (c) it subsequently transpires that the insured firm is not required under the SRA Indemnity Insurance Rules SIIR to effect a policy of qualifying insurance, in which case cancellation shall have effect from the later of (a) the start of the relevant indemnity period and (b) the date on which the insured firm ceased to be required to effect a policy of qualifying insurance, or such later date as the insured firm and the insurer may agree; or (d) in the case of an ARP policy, it subsequently transpires that the insured firm was not or has ceased to be an eligible firm, in which case cancellation shall have effect from the date on which it ceased to be an eligible firm. Cancellation will must not affect the rights and obligations of the insurer and the insured parties accrued under this contract the insurance prior to the date from which cancellation has effect.

No Cancellation. This contract The insurance must provide that it cannot be cancelled except (in the case of (a), (b) or (c) below) by the agreement of both the insured firm and the insurer, and in any event only in circumstances where: (a) the insured firm‟s firm’s practice is merged into a successor practice, provided that there is insurance complying with the these MTC in relation to that successor practice, in which case cancellation shall have effect no earlier than the date of such merger; or (b) replacement insurance insurance, complying with the MTC minimum terms and conditions in effect at its commencement, commences, but only where, in the case of insurance not provided wholly or partly by the ARP, the replacement insurance is not provided wholly or partly by the ARP, in which case cancellation shall have effect no earlier than the date on which such replacement insurance commences; or (c) it subsequently transpires that the insured firm is not required under the SRA Indemnity Insurance Rules SIIR to effect a policy of qualifying insurance, in which case cancellation shall have effect from the later of of (a) the start of the relevant indemnity period and (b) the date on which the insured firm ceased to be required to effect a policy of qualifying insurance, or such later date as the insured firm and the insurer may agree; or (d) in the case of an ARP policy, it subsequently transpires that the insured firm was not or has ceased to be an eligible firm, in which case cancellation shall have effect from the date on which it ceased to be an eligible firm. Cancellation will must not affect the rights and obligations of the insurer and the insured parties accrued under this contract the insurance prior to the date from which cancellation has effect.

No Cancellation. This contract cannot be cancelled except (in the case of (a), (b) or (c) below) by the agreement of both the insured firm Insured Firm and the insurerInsurer, and in any event only in circumstances where: (a) the insured firm‟s practice Insured Firm’s Practice is merged into a successor practiceSuccessor Practice, provided that there is insurance complying with the MTC Minimum Terms and Conditions in relation to that successor practiceSuccessor Practice, in which case cancellation shall have effect no earlier than the date of such merger; or (b) replacement insurance insurance, complying with the MTC Minimum Terms and Conditions in effect at its commencement, commences, but only where, in the case of insurance not provided wholly or partly by the ARPAssigned Risks Pool, the replacement insurance is not provided wholly or partly by the ARPAssigned Risks Pool, in which case cancellation shall have effect no earlier than the date on which such replacement insurance commences; or (c) it subsequently transpires that the insured firm Insured Firm is not required under the SRA SolicitorsSRA Indemnity Insurance Rules 20102011 to effect a policy of qualifying insuranceQualifying Insurance, in which case cancellation shall have effect from the later of (a) the start of the relevant indemnity period Indemnity Period and (b) b)no earlier than the date on which the insured firm Insured Firm ceased to be required to effect a policy of qualifying insuranceQualifying Insurance, or such later date as the insured firm Insured Firm and the insurer Insurer may agree; or (d) it subsequently transpires that the insured firm Insured Firm was not or has ceased to be an eligible firmEligible Firm, in which case cancellation shall have effect from the date on which it ceased to be an eligible firmEligible Firm. Cancellation will not affect the rights and obligations of the insurer Insurer and the insured Insured accrued under this contract prior to the date from which cancellation has effect.