OPTIONAL EXTENSION PERIOD. Upon non-renewal or cancellation of this Policy for any reason except the non-payment of premium, the Named Insured will have the right to purchase, for additional premium in the amount of the Optional Extension Premium percentage listed in the Declarations of the full Policy Premium listed in the Declarations, an Optional Extension Period for the period of time listed in the Declarations. Coverage provided by such Optional Extension Period will only apply to Claims first made against any Insured during the Optional Extension Period and reported to the Underwriters during the Optional Extension Period, and arising out of any act, error or omission committed before the end of the Policy Period. In order for the Named Insured to invoke the Optional Extension Period option, the payment of the additional premium for the Optional Extension Period must be paid to the Underwriters within 60 days of the termination of this Policy. The purchase of the Optional Extension Period will in no way increase the Policy Aggregate Limit of Liability or any sublimit of liability. At the commencement of the Optional Extension Period the entire premium will be deemed earned, and in the event the Named Insured terminates the Optional Extension Period for any reason prior to its natural expiration, the Underwriters will not be liable to return any premium paid for the Optional Extension Period. All notices and premium payments with respect to the Optional Extension Period option will be directed to the Underwriters through entity listed for Administrative Notice in the Declarations.
OPTIONAL EXTENSION PERIOD. A. With respect to Insuring Agreements I.A. and I.C., in the event of the termination of this Insurance for any reason except the non-payment of premium, the Named Insured designated in Item 1. of the Declarations shall have the right, upon payment in full and not proportionally or otherwise in part of the percentage shown in Item 8.A. of the full Premium set forth below, to have issued an endorsement providing an Optional Extension Period for the period of time set forth in Item 8.B. of the Declarations for Claims first made against any Insured and reported to the Underwriters during the Optional Extension Period, and arising out of any act, error or omission committed on or after the Retroactive Date and before the end of the Policy Period, subject to the conditions set forth herein. In order for the Named Insured to invoke the Optional Extension Period option, the payment of the additional premium for the Optional Extension Period must be paid to Underwriters within thirty (30) days of the termination of this insurance.
B. The Limit of Liability for the Optional Extension Period shall be part of, and not in addition to, the applicable Limit of Liability of the Underwriters for the Policy Period.
C. The right to the Optional Extension Period shall not be available to the Named Insured where cancellation or non-renewal by the Underwriters is due to non-payment of premium or failure of an Insured to pay such amounts in excess of the applicable Limit of Liability or within the amount of the applicable Retention.
D. All notices and premium payments with respect to the Optional Extension Period option shall be directed to Underwriters through the entity named in Item 9.B. of the Declarations.
E. At the commencement of the Optional Extension Period the entire premium shall be deemed earned, and in the event the Named Insured terminates the Optional Extension Period for any reason prior to its natural expiration, Underwriters will not be liable to return any premium paid for the Optional Extension Period.
OPTIONAL EXTENSION PERIOD. (a) Premium for Optional Extension Period: 100% of the premium for the Policy (b) Length of Optional Extension Period: 12 Months
OPTIONAL EXTENSION PERIOD. A. In the event of the termination of this Insurance for any reason except the non-payment of premium, the Named Insured designated in Item 1. of the Declarations shall have the right, upon payment in full and not proportionally or otherwise in part of the percentage shown in Item 7.(a) of the Declarations of the full Premium set forth below, to have issued an endorsement providing an Optional Extension Period for the period of time set forth in Item 7.(b) of the Declarations for Claims first made against any Insured and reported to the Underwriters during the Optional Extension Period, and arising out of any act, error or omission committed on or after the Retroactive Date and before the end of the Policy Period, subject to the conditions set forth herein. In order for the Named Insured to invoke the Optional Extension Period option, the payment of the additional premium for the Optional Extension Period must be paid to the Underwriters within thirty (30) days of the termination of this Insurance. If notice of election of the Optional Extension Period and full premium payment is not given to the Underwriters within such thirty
OPTIONAL EXTENSION PERIOD. In the event i) there is no Business Combination during the Coverage Guidelines Period and ii) the Company elects to liquidate and to return funds to shareholders, then the Parent Company shall have the right, upon payment of an additional premium shown in Item H.1. of the Declarations, to an extension of the coverage granted by these Coverage Guidelines with respect to:
1) any Claim first made, Investigation first commenced, Inquiry first received, or Books and Records first received. during the period of time set forth in Item H.2. of the Declarations after the Coverage Guidelines expiration date, but only with respect to any Wrongful Act committed or any conduct undertaken in whole before the Coverage Guidelines expiration date; or
2) that portion of any Claim first made, Investigation first commenced, Inquiry first received. or Books and Records first received. during the period of time set forth in Item H.2. of the Declarations after the Coverage Guidelines expiration date, but only with respect to any Wrongful Act committed or any conduct undertaken in part before the Coverage Guidelines expiration date. The right to purchase the Optional Extension Period shall terminate in the event written notice together with full payment of the premium for the Optional Extension Period is not given to Coverage Provider within thirty (30) days after the Coverage Guidelines expiration date.
OPTIONAL EXTENSION PERIOD. This Contract may be extended for one additional period:
OPTIONAL EXTENSION PERIOD. Premium for Optional Extension Period:
OPTIONAL EXTENSION PERIOD. Subject to Section 2.8 and Section 3.2, as long as no Event of Default has occurred and is continuing, and as long as no Mandatory Trigger Event has occurred and no Mandatory Extension Period caused thereby is continuing, the Company shall have the right at any time and from time to time, to defer payments of interest on the Debentures by extending the Interest Payment Period on the Debentures for a period not exceeding ten years, in the aggregate, following the Interest Payment Date on which interest was deferred (an “OPTIONAL EXTENSION PERIOD”). During an Optional Extension Period Deferred Interest on the Debentures shall not be due and payable but will continue to accrue and compound semi-annually or quarterly, as applicable, to the extent permitted by applicable law, at the then applicable rate of interest on the Debentures; provided that no such Optional Extension Period may end on a date other than an Interest Payment Date or extend beyond the Redemption Date or the Stated Maturity of the Debentures or, if the maturity of the Debentures is extended pursuant to Section 2.2, the Final Maturity of the Debentures.
OPTIONAL EXTENSION PERIOD. The optional extension period shall commence on January 1, 2021 and shall continue in full force and effect through
5. Attachment II of the Agreement, Financial Exhibit A (FINANCIAL PROVISIONS), Paragraph D(4) (Reimbursement for Optional Extension Period) shall be revised as follows:
OPTIONAL EXTENSION PERIOD. A. Premium for Optional Extension Period: 100% of the total premium as for the Policy
B. Length of Optional Extension Period: 12 Months Item 8. Notification under this Policy
X. Xxxxxxx Group Attn: Cyber & Tech Claims Group 00 Xxxxxxxxxxx Xxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 xxxxx&xxxxxxxxxx@xxxxxxx.xxx
B. All other notices under this Policy shall be given to Xxxxxxx USA Services, Inc. 00 Xxxxxxxxx Xxxx Road Farmington, CT 06032 Tel: (000) 000-0000 Fax: (000) 000-0000 Item 9. Professional Services expert witness services and testimony; forensic pathology services Item 10. Endorsements Effective at Inception
1. BICMU05090406 Nuclear Exclusion
2. BICMU05070406 War and Civil War Exclusion
3. A01529CA 062016 ed. California Amendatory Endorsement
4. E02804 032011 ed. Sanction Limitation and Exclusion Clause 5. E00358 062016 ed. Aggregate/Maintenance Retention Endorsement
