Common use of Suspended practices Clause in Contracts

Suspended practices. Where run-off cover has been activated in accordance with this clause 5, but where the Firm’s Practice restarts, the Insurer may (but shall not be obliged to) cancel such run-off cover, on such terms as may be agreed, provided that: (a) there is insurance complying with these minimum terms and conditions in relation to the Firm in force on the date of cancellation; (b) the Qualifying Insurer providing such insurance confirms in writing to the Firm and the Insurer (if different) that: (i) it is providing insurance complying with these minimum terms and conditions in relation to that Firm for the then current Indemnity Period; and (ii) it is doing so on the basis that the Firm’s Practice is regarded as being a continuation of the Firm’s Practice prior to Cessation and that accordingly it is liable for Claims against the Firm arising from incidents, occurrences, facts, matters, acts and/or omissions which occurred prior to Cessation.

Suspended practices. Where run-off cover has been activated in accordance with this clause 5, but where the Insured Firm’s Practice restarts, the Insurer may (but shall not be obliged to) cancel such run-off cover, on such terms as may be agreed, provided that: (a) there is insurance complying with these minimum terms and conditions in relation to the Insured Firm in force on the date of cancellation; (b) the Qualifying Insurer providing such insurance confirms in writing to the Insured Firm and the Insurer (if different) that: (i) it is providing insurance complying with these minimum terms and conditions in relation to that Insured Firm for the then current Indemnity Period; and (ii) it is doing so on the basis that the Insured Firm’s Practice is regarded as being a continuation of the Insured Firm’s Practice prior to Cessation and that accordingly it is liable for Claims against the Insured Firm arising from incidents, occurrences, facts, matters, acts and/or omissions which occurred prior to Cessation.

Suspended practices. Where run-off cover has been activated in accordance with this clause 5, but where the Firminsured firm’s Practice practice restarts, the Insurer insurer may (but shall not be obliged to) cancel such run-off cover, on such terms as may be agreed, provided that: (a) there is insurance complying with these minimum terms and conditions the MTC in relation to the Firm insured firm in force on the date of cancellation; (b) the Qualifying Insurer qualifying insurer providing such insurance confirms in writing to the Firm insured firm and the Insurer insurer (if different) that: (i) it is providing insurance complying with these minimum terms and conditions the MTC in relation to that Firm insured firm for the then current Indemnity Periodindemnity period; and (ii) it is doing so on the basis that the Firminsured firm’s Practice practice is regarded as being a continuation of the Firminsured firm’s Practice practice prior to Cessation cessation and that accordingly it is liable for Claims claims against the Firm insured firm arising from incidents, occurrences, facts, matters, acts and/or omissions which occurred prior to Cessationcessation.

Suspended practices. Where run-off cover has been activated in accordance with this clause 5, but where the Firm’s Practice insured firm‟s practice restarts, the Insurer insurer may (but shall not be obliged to) cancel such run-off cover, on such terms as may be agreed, provided that: (a) there is insurance complying with these minimum terms and conditions the MTC in relation to the Firm insured firm in force on the date of cancellation; (b) the Qualifying Insurer qualifying insurer providing such insurance confirms in writing to the Firm insured firm and the Insurer insurer (if different) that: (i) it is providing insurance complying with these minimum terms and conditions the MTC in relation to that Firm insured firm for the then current Indemnity Periodindemnity period; and (ii) it is doing so on the basis that the Firm’s Practice insured firm‟s practice is regarded as being a continuation of the Firm’s Practice insured firm‟s practice prior to Cessation cessation and that accordingly it is liable for Claims claims against the Firm insured firm arising from incidents, occurrences, facts, matters, acts and/or omissions which occurred prior to Cessationcessation.

Suspended practices. Where The insurance must provide that, where run-off cover has been activated in accordance with this clause 5, but where the Firm’s Practice restarts, the Insurer may (but shall not be obliged to) cancel such run-off cover, on such terms as may be agreed, provided that: (a) there is insurance complying with these minimum terms and conditions in relation to the that Firm in force on the date of cancellation; (b) the Qualifying Insurer providing such insurance confirms in writing to the Firm and the Insurer (if different) that: (i) it is providing insurance complying with these minimum terms and conditions in relation to that Firm for the then current Indemnity Period; and (ii) it is doing so on the basis that the Firm’s Practice is regarded as being a continuation of the Firm’s Practice prior to Cessation and that accordingly it is liable for Claims against the Firm arising from incidents, occurrences, facts, matters, acts and/or omissions which occurred prior to Cessation.

Suspended practices. Where The insurance must provide that, where run-off cover has been activated in accordance with this clause 5, but where the Firm’s Practice restarts, the Insurer may (but shall not be obliged to) cancel such run-off cover, on such terms as may be agreed, provided that: (a) there is insurance complying with these minimum terms and conditions in relation to the that Firm in force on the date of cancellation; (b) the Qualifying Insurer providing such insurance confirms in writing to the Firm and the Insurer (if different) that: (i) it is providing insurance complying with these minimum terms and conditions in relation to that Firm for the then current Indemnity Period; and (ii) it is doing so on the basis that the Firm’s Practice is regarded as being a continuation of the Firm’s Practice prior to Cessation and that accordingly it is liable for Claims against the Firm arising from incidents, occurrences, facts, matters, acts and/or omissions which occurred prior to CessationCessation.‌ 6 Exclusions‌ The insurance must not exclude or limit the liability of the Insurer except to the extent that any Claim or related Defence Costs arise from the matters set out in this clause 6.

Suspended practices. Where run-off cover has been activated in accordance with this clause 5, but where the Firm’s Insured Firm‘s Practice restarts, the Insurer may (but shall not be obliged to) cancel such run-off cover, on such terms as may be agreed, provided that: (a) there is insurance complying with these minimum terms and conditions in relation to the Insured Firm in force on the date of cancellation; (b) the Qualifying Insurer providing such insurance confirms in writing to the Insured Firm and the Insurer (if different) that: (i) it is providing insurance complying with these minimum terms and conditions in relation to that Insured Firm for the then current Indemnity Period; and (ii) it is doing so on the basis that the Firm’s Insured Firm‘s Practice is regarded as being a continuation of the Firm’s Insured Firm‘s Practice prior to Cessation and that accordingly it is liable for Claims against the Insured Firm arising from incidents, occurrences, facts, matters, acts and/or omissions which occurred prior to Cessation.