Common use of Suspended practices Clause in Contracts

Suspended practices. If: an insured firm ceases to carry on a practice during the course of any indemnity period in circumstances where the ARP is required to provide run-off cover in respect of that insured firm under the terms of an ARP policy issued to that insured firm; and that insured firm‟s practice subsequently restarts; and the ARP manager agrees to cancel such run-off cover the insured firm shall be entitled to such reimbursement of premium (if any), as the ARP manager considers appropriate. If, in addition, the ARP manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii) of the MTC, the insured firm and every principal of that insured firm (including, for these purposes, every person held out as a partner of a sole practitioner) shall be liable to pay such additional premium (if any) as the ARP manager considers appropriate.

Suspended practices. If:  an insured firm ceases to carry on a practice during the course of any indemnity period in circumstances where the ARP is required to provide run-off cover in respect of that insured firm under the terms of an ARP policy issued to that insured firm; and  that insured firm‟s firm’s practice subsequently restarts; and  the ARP manager agrees to cancel such run-off cover the insured firm shall be entitled to such reimbursement of premium (if any), as the ARP manager considers appropriate. If, in addition, the ARP manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii5.45.7(b)(ii) of the MTC, the insured firm and every principal of that insured firm (including, for these purposes, every person held out as a partner of a sole practitioner) shall be liable to pay such additional premium (if any) as the ARP manager considers appropriate.

Suspended practices. If: • an insured firm ceases to carry on a practice during the course of any indemnity period in circumstances where the ARP is required to provide run-off cover in respect of that insured firm under the terms of an ARP policy issued to that insured firm; and • that insured firm‟s firm’s practice subsequently restarts; and • the ARP manager agrees to cancel such run-off cover the insured firm shall be entitled to such reimbursement of premium (if any), as the ARP manager considers appropriate. If, in addition, the ARP manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii) of the MTC, the insured firm and every principal of that insured firm (including, for these purposes, every person held out as a partner of a sole practitioner) shall be liable to pay such additional premium (if any) as the ARP manager considers appropriate.

Suspended practices. If: • an insured firm ceases to carry on a practice during the course of any indemnity period in circumstances where the ARP is required to provide run-off cover in respect of that insured firm under the terms of an ARP policy issued to that insured firm; and • that insured firm‟s practice subsequently restarts; and • the ARP manager agrees to cancel such run-off cover the insured firm shall be entitled to such reimbursement of premium (if any), as the ARP manager considers appropriate. If, in addition, the ARP manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii5.7(b)(ii) of the MTC, the insured firm and every principal of that insured firm (including, for these purposes, every person held out as a partner of a sole practitioner) shall be liable to pay such additional premium (if any) as the ARP manager considers appropriate.

Suspended practices. If:  an insured firm ceases to carry on a practice during the course of any indemnity period in circumstances where the ARP is required to provide run-off cover in respect of that insured firm under the terms of an ARP policy issued to that insured firm; and  that insured firm‟s firm’s practice subsequently restarts; and  the ARP manager agrees to cancel such run-off cover the insured firm shall be entitled to such reimbursement of premium (if any), as the ARP manager considers appropriate. If, in addition, the ARP manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii5.7(b)(ii) of the MTC, the insured firm and every principal of that insured firm (including, for these purposes, every person held out as a partner of a sole practitioner) shall be liable to pay such additional premium (if any) as the ARP manager considers appropriate.

Suspended practices. If: • an insured firm ceases to carry on a practice during the course of any indemnity period in circumstances where the ARP is required to provide run-off cover in respect of that insured firm under the terms of an ARP policy issued to that insured firm; and • that insured firm‟s firm’s practice subsequently restarts; and • the ARP manager agrees to cancel such run-off cover the insured firm shall be entitled to such reimbursement of premium (if any), as the ARP manager considers appropriate. If, in addition, the ARP manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii5.45.7(b)(ii) of the MTC, the insured firm and every principal of that insured firm (including, for these purposes, every person held out as a partner of a sole practitioner) shall be liable to pay such additional premium (if any) as the ARP manager considers appropriate.