Common use of TERM AND CANCELLATION Clause in Contracts

TERM AND CANCELLATION. This Agreement will apply to losses for claims first made and/or losses discovered after 12:02A.M. Local Standard Time, January 1, 2002, at the location of the original insured, as respects new and renewal policies becoming effective on and after said date and this Agreement will terminate at 11:59 P.M. on December 31, 2003, Local Standard Time, at the location of the original insured. Policies in force as of 11:59 P.M. December 31, 2003, shall run-off to natural expiry until policy expiration, termination or next anniversary date, whichever comes first, including where applicable any discovery period coverage as per the original policies. A claim first made under any discovery period coverage shall be deemed to have been made on the day the original policy expired or was cancelled and the premium, for such discovery period coverage, shall be considered fully earned on the last day the original policy was in force.

TERM AND CANCELLATION. This Agreement will apply to losses for claims first made and/or losses discovered after 12:02A.M. 12:01 A.M. Local Standard Time, January December 1, 20021999, at the location of the original insured, as respects new and renewal policies becoming effective on and after said date and this Agreement will terminate at 11:59 P.M. 12:01 A.M. on December 31January 1, 20032002, Local Standard Time, at the location of the original insured. Policies in force as of 11:59 P.M. December 3112:01 A.M. January 1, 20032002, shall run-off to natural expiry until policy expiration, termination or next anniversary date, whichever comes first, including where applicable any discovery period coverage as per the original policies. A claim first made under any discovery period coverage shall be deemed to have been made on the day the original policy expired or was cancelled and the premium, for such discovery period coverage, shall be considered fully earned on the last day the original policy was in force.

TERM AND CANCELLATION. This Agreement will apply to losses for claims first made and/or losses discovered after 12:02A.M. 12:01A.M. Local Standard Time, January July 1, 20021999, at the location of the original insured, as respects new and renewal policies becoming effective on and after said date and this Agreement will terminate at 11:59 P.M. 12:01 A.M. on December 311, 20031999, Local Standard Time, at the location of the original insured. Policies in force as of 11:59 P.M. 12:01 A.M. December 311, 20031999, shall run-off to natural expiry until policy expiration, termination or next anniversary date, whichever comes first, including where applicable any discovery period coverage as per the original policies. A claim first made under any discovery period coverage shall be deemed to have been made on the day the original policy expired or was cancelled and the premium, for such discovery period coverage, shall be considered fully earned on the last day the original policy was in force.

TERM AND CANCELLATION. This Agreement will apply to losses for claims first made and/or losses discovered after 12:02A.M. 12:01A.M. Local Standard Time, January December 1, 20021999, at the location of the original insured, as respects new and renewal policies becoming effective on and after said date and this Agreement will terminate at 11:59 P.M. 12:01 A.M. on December 31January 1, 20032002, Local Standard Time, at the location of the original insured. Policies in force as of 11:59 P.M. December 3112:01 A.M. January 1, 20032002, shall run-off to natural expiry until policy expiration, termination or next anniversary date, whichever comes first, including where applicable any discovery period coverage as per the original policies. A claim first made under any discovery period coverage shall be deemed to have been made on the day the original policy expired or was cancelled and the premium, for such discovery period coverage, shall be considered fully earned on the last day the original policy was in force.