VOLUNTARY SETTLEMENT PROGRAM COVERAGE. The Underwriter shall pay on behalf of the Insureds any Voluntary Settlement and Defense Expenses which the Insureds become legally obligated to pay resulting from a Voluntary Settlement Program Notice first given to the Underwriter during the Policy Period, provided such Voluntary Settlement and Defense Expenses are incurred after such Voluntary Settlement Program Notice is first given to the Underwriter. The Underwriter’s maximum liability under this Section II.A for all covered Voluntary Settlements and Defense Expenses, combined, shall be the Voluntary Settlement Program Costs Sublimit of Liability set forth in ITEM 8 of the Declarations.
VOLUNTARY SETTLEMENT PROGRAM COVERAGE. The Underwriter shall pay, on behalf of the Insureds, Settlement Fees and Defense Expenses with respect to a Settlement Program Notice first given to the Underwriter during the Policy Period or applicable Extended Reporting Period; provided, that such Settlement Fees and Defense Expenses are incurred after such Settlement Program Notice is first given to the Underwriter.
