Common use of Reporting and Notice Clause in Contracts

Reporting and Notice. Any Insured shall, as a condition precedent to exercising rights under this policy, give to the Company written notice as soon as practicable of any Claim. If during the Policy Period or Extended Reporting Period (if exercised) an Insured becomes aware of circumstances which could give rise to a Claim and gives written notice of such circumstances to the Company, then any Claim subsequently arising from such circumstances shall be considered to have been made during the Policy Period or the Extended Reporting Period in which the circumstances were first reported to the Company. All Insureds shall, as condition precedent to exercising their rights under this policy, give to the Company such information and cooperation as it may reasonably require, including but not limited to a description of the Claim or circumstances, the nature of the alleged Wrongful Act, the nature of the alleged or potential damage, the names of actual or potential claimants, and the manner in which such Insured first became aware of the Claim or circumstances.

Appears in 3 contracts

Samples: Insurance Contract, Insurance Contract, Insurance Contract

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Reporting and Notice. Any Insured shall, as a condition precedent to exercising rights under this policy, The Insureds shall give to the Company written notice of any Claim as soon as practicable and, in any event, no later than the expiration of any Claimthe Extended Reporting Period. If If, during the Policy Period or any applicable Extended Reporting Period (if exercised) Period, an Insured becomes aware of circumstances which could give rise to a Claim and gives written notice of such circumstances to the Company, Company then any Claim Claims subsequently arising from such circumstances shall be considered to have been made during the Policy Period or the Extended Reporting Period in which the circumstances were first reported to the Company. All Insureds shallWith respect to any such subsequent Claim, as condition precedent to exercising their rights no coverage under this policy, policy shall apply to loss incurred prior to the date such subsequent Claim is actually made. The Insureds shall give to the Company such information and cooperation co-operation as it may reasonably require, including but not limited to a description of the Claim or circumstances, the nature of the alleged Wrongful Act, the nature of the alleged or potential damageloss, the names of actual or potential claimants, and the manner in which such the Insured first became aware of the Claim or circumstances.

Appears in 2 contracts

Samples: Directors and Officers Liability Insurance Policy, Directors and Officers Liability Insurance Policy

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