Examples of Third Party Wrongful Act in a sentence
The Insurer shall pay on behalf of any Insured the Loss arising from a Claim for a Third Party Wrongful Act first made during the Policy Period (or Discovery Period, if applicable) against such Insured, and reported to the Insurer in accordance with Section V.
The Underwriter shall pay on behalf of the Insureds all Loss for which the Insureds become legally obligated to pay on account of any Third Party Claim first made against the Insureds during the Policy Period or during the Extended Reporting Period, if exercised, for a Third Party Wrongful Act.
If Third Party Claim Coverage is granted by the Insurer and included in ITEM 3 of the Declarations, the Insurer shall pay Loss on behalf of the Insureds resulting from a Third Party Claim first made against the Insureds during the Policy Period or Discovery Period, if applicable, for a Third Party Wrongful Act by the Insureds.
If Third Party Liability Coverage is included in ITEM 5 of the Declarations, the Insurer shall pay Loss on behalf of the Insureds resulting from a Third Party Claim first made against the Insureds during the Policy Period or the Extended Reporting Period, if applicable, for a Third Party Wrongful Act by the Insureds.
Potential Third Party Claim means a complaint or allegation of a Third Party Wrongful Act if such complaint or allegation (a) does not constitute a Third Party Claim but may subsequently give rise to a Third Party Claim, (b) is brought by or on behalf of a Third Party, and (c) is lodged with the Organization’s legal department or with an individual responsible to receive such complaints or allegations.