Common use of Additional Extended Reporting Period Clause in Contracts

Additional Extended Reporting Period. A. In the event of cancellation or non-renewal of this Insurance by you or us, you shall have the right, upon payment of an additional premium in full of the total policy premium, to purchase a 12 month Extended Reporting Period at either 100% of the total policy premium if we cancel or non-renew, or 200% if you cancel or non-renew, for claims first made against you and notified to us during the Extended Reporting Period, committed on or after the retroactive date and before the end of the policy period, subject to the conditions set forth herein. In order for you to invoke the Extended Reporting Period option, you must pay us within 30 days of the non-renewal or cancellation. B. The Limit of Liability for the Extended Reporting Period shall be part of, and not in addition to, our Limit of Liability for the policy period. C. Your right to the Extended Reporting Period shall not be available where cancellation or non-renewal by us is due to non-payment of premium or your failure to pay such amounts in excess of the applicable Limit of Liability or within the amount of the applicable Deductible. D. All notices and premiums payments with respect to the Extended Reporting option shall be directed to E. At the commencement of the Extended Reporting Period the entire premium shall be deemed earned; in the event that you terminate the Extended Reporting Period for any reason prior to its natural expiration, we will not be liable to return any premium paid for the Extended Reporting Period.

Additional Extended Reporting Period. A. (a) In the event of cancellation or non-renewal of this Insurance by you or usInsurance, you shall have the right, upon payment of an additional premium in full of the total policy premium, to purchase a 12 month Extended Reporting Period at either either, 100% of the total policy premium if we cancel or non-renew, or 200125% if you cancel or non-renew, for claims first made against you and notified to us during the Extended Reporting Period, and arising out of any wrongful acts committed on or after the retroactive date and before the end of the policy period, subject to the conditions set forth herein. In order for you to invoke the Extended Reporting Period option, you must pay us within 30 days of the non-renewal or cancellation. B. (b) The Limit of Liability for the Extended Reporting Period shall be part of, and not in addition to, our Limit of Liability for the policy period. C. (c) Your right to the Extended Reporting Period shall not be available where cancellation or non-renewal by us is due to non-payment of premium or your failure to pay such amounts in excess of the applicable Limit of Liability or within the amount of the applicable Deductible. D. (d) All notices and premiums payments with respect to the Extended Reporting option shall be directed toto us through the entity named in Item 10 of the Schedule. E. (e) At the commencement of the Extended Reporting Period the entire premium shall be deemed earned; in the event that you terminate the Extended Reporting Period for any reason prior to its natural expiration, we will not be liable to return any premium paid for the Extended Reporting Period.

Additional Extended Reporting Period. A. (a) In the event of cancellation or non-renewal of this Insurance by you or usInsurance, you shall have the right, upon payment of an additional premium in full of the total policy premium, to purchase a 12 month Extended Reporting Period at either either, 100% of the total policy premium if we cancel or non-renew, or 200150% if you cancel or non-renew, for claims first made against you and notified to us during the Extended Reporting Period, and arising out of any wrongful acts committed on or after the retroactive date and before the end of the policy period, subject to the conditions set forth herein. In order for you to invoke the Extended Reporting Period option, you must pay us within 30 days of the non-renewal or cancellation. B. (b) The Limit of Liability for the Extended Reporting Period shall be part of, and not in addition to, our Limit of Liability for the policy period. C. (c) Your right to the Extended Reporting Period shall not be available where cancellation or non-renewal by us is due to non-payment of premium or your failure to pay such amounts in excess of the applicable Limit of Liability or within the amount of the applicable Deductible. D. (d) All notices and premiums payments with respect to the Extended Reporting option shall be directed toto us through the entity named in Item 10 of the Schedule. E. (e) At the commencement of the Extended Reporting Period the entire premium shall be deemed earned; in the event that you terminate the Extended Reporting Period for any reason prior to its natural expiration, we will not be liable to return any premium paid for the Extended Reporting Period.