Optional Extension definition

Optional Extension means optional coverage which is available to You apart from the Basic Cover under the Policy, which You can choose to take on payment of necessary additional premium

Optional Extension has the meaning assigned to such term in Section 6 of this Indenture Supplement.

Optional Extension has the meaning given in Schedule 7; “Payment Currency” has the meaning given in Clause 21.6; “Permitted Security Interests” means:

Examples of Optional Extension in a sentence

• A sub-limit is part of and not in addition to the indemnity limit.A deductible may apply to an Optional Extension.

• The sub-limit is the maximum amount payable by us under an Optional Extension.

• Trustee Notice to DTC regarding Company's Exercise of Optional Extension or Reset.

• This clause will not apply to loss of extinguishant from a fixed fire extinguisher where you are directly working on the fixed fire extinguisher system unless the Optional Extension – Loss of extinguishant in fixed fire extinguishers extension is purchased.

• Company Notice to Trustee regarding Exercise of Optional Extension of Maturity.

• The Administrative Agent shall provide written notice of whether the Administrative Agent agrees to extend the Expected Repayment Date on such Optional Extension Date at least five (5) days prior to such Optional Extension Date.

• For the purpose of this Optional Extension only all terms, conditions and exclusions of the POLICY apply under this Extension as if the consultant, subcontractor or agent were an INSURED.

• The Offeror may also extend the Offer for one or more Optional Extension Periods following the Mandatory Extension Period.

• Procedures upon Company’s Exercise of Optional Reset or Optional Extension of Maturity: Company Notice to Trustee regarding Exercise of Optional Reset.

• Section 4: Optional ExtensionsThe following Optional Extensions are subject to all the terms and conditions of the policy, and shall apply only ifthey are specifically included in the schedule.A sub-limit of indemnity may apply to an Optional Extension.

More Definitions of Optional Extension

Optional Extension a Temporary Assignment that comes into being on the terms set out in clause 8 following the service of a Transfer Notice under clause 7 and for the purposes of these terms any reference to the Period of Supply includes the period of an Optional Extension. Principal Agreement: the document of which this schedule forms part. Transfer Fee: 25% of Remuneration applicable in the circumstances set out in clauses 5 to 7 and 10. Transfer Period: within the later of

Optional Extension has the meaning given in Schedule 7;