TERMINATION OF POLICY. Without prejudice to the rights and remedies at law of each party, this policy shall terminate at the earliest of the following times: (a) in the event of non-payment of premium, in which case the Policy shall be void ab initio; (b) upon expiration of the Policy Period as set forth in Item 4 of the Schedule of this policy; or (c) upon receipt by the Company of a written notice of termination from the The Company shall have no obligation to renew this policy upon its expiration or termination.
Appears in 3 contracts
Samples: Directors and Officers Liability Insurance Agreement, Directors and Officers Liability Insurance Agreement, Directors and Officers Liability Insurance Agreement
TERMINATION OF POLICY. Without prejudice to the rights and remedies at law of each party, this policy shall terminate at the earliest of the following times:
(a) in the event of non-payment of premium, in which case the Policy shall be void ab initio;
(b) upon expiration of the Policy Period as set forth in Item 4 of the Schedule of this policy; or
(cb) at such other time as may be agreed upon receipt in writing by the Company of a written notice of termination from the The Company shall have no obligation to renew this policy upon its expiration or termination.and the
Appears in 1 contract
Samples: Insurance Policy
TERMINATION OF POLICY. Without prejudice to the rights and remedies at law of each party, this policy shall terminate at the earliest of the following times:
(a) in the event of non-payment of premium, in which case the Policy shall be void ab initio;
(b) upon expiration of the Policy Period as set forth in Item 4 of the Schedule of this policy; or
(cb) at such other time as may be agreed upon receipt in writing by the Company of a written notice of termination from and the Principal Organization. The Company shall have no obligation to renew this policy upon its expiration or termination.
Appears in 1 contract
Samples: Insurance Policy
