Common use of Extended Reporting Period Clause in Contracts

Extended Reporting Period. If this Policy is non-renewed by the Underwriters, the Insured shall have the right to: (a) an automatic Extended Reporting Period of sixty (60) days, commencing on the Expiration Date set forth in Item 2B of the Schedule; and (b) purchase an Extended Reporting Period of twelve (12) months, commencing upon the expiration of the automatic Extended Reporting Period. The Insured’s right to purchase an Extended Reporting Period as described in part (b) above shall lapse unless written notice of election to purchase such Extended Reporting Period and the applicable additional premium is received by the Underwriters within sixty (60) days after the Expiration Date set forth in Item 2B of the Schedule. The Insured shall not have any right to purchase an Extended Reporting Period as described in part (b) above in the event of a Change in Control as described in Section 6.14. The additional premium for an Extended Reporting Period as described in part (b) above shall be seventy-five percent (75%) of the last annual premium paid to the Underwriters for this Policy. Such premium shall be fully earned at the inception of such Extended Reporting Period. During any Extended Reporting Period, the Insured may provide the Underwriters with notice of any Claim covered under Coverage Section 1 and first made against an Insured during the Extended Reporting Period. Any Extended Reporting Period provided under this Policy: (a) shall not increase or reinstate any Limit of Liability; and (b) is non-cancellable. This Automatic Extension shall apply solely to Coverage Section 1.

Extended Reporting Period. 4.8.1 If this Policy is non-renewed by the Underwriters, the Insured shall have the right to: (a) an automatic Extended Reporting Period of sixty (60) days, commencing on the Expiration Date set forth in Item 2B of the Schedule; and (b) to purchase an Extended Reporting Period of twelve (12) months, commencing upon the expiration of the automatic Extended Reporting Period. . 4.8.2 The Insured’s right to purchase an Extended Reporting Period as described in part (b) above shall lapse unless written notice of election to purchase such Extended Reporting Period and the applicable additional premium is received by the Underwriters within sixty (60) days after the Expiration Date set forth in Item 2B non-renewal of the Schedulethis Policy. The Insured shall not have any right to purchase an Extended Reporting Period as described in part (b) above in the event of a Change in Control as described in Section 6.14. 4.10. 4.8.3 The additional premium for an Extended Reporting Period as described in part (b) above shall be seventy-five percent (75%) determined by multiplying the percentage set forth in Item 8 of the last annual premium paid to Schedule by the Underwriters for this PolicyPremium set forth in Item 14 of the Schedule. Such premium shall be fully earned at the inception of such the Extended Reporting Period. . 4.8.4 During any the Extended Reporting Period, the Insured may provide the Underwriters with notice notice, pursuant to Section 4.7, of any Claim covered under Coverage Section 1 and first made against an Insured during the Extended Reporting Period. Any , for any Wrongful Act occurring prior to the effective date of the non-renewal of this Policy. 4.8.5 The Extended Reporting Period provided under this Policy: (a) shall not increase or reinstate any Limit of LiabilityLiability or Sublimit of Liability of this Policy; and (b) is non-cancellable. This Automatic Extension shall apply solely to Coverage Section 1.

Extended Reporting Period. If this Policy is non-renewed by the UnderwritersUnderwriters or Insured, the Insured shall have the right to: (a) an automatic Extended Reporting Period of sixty (60) days, commencing on the Expiration Date set forth in Item 2B of the Schedule; and (b) purchase an Extended Reporting Period of twelve (12) months, commencing upon the expiration of the automatic Extended Reporting Period. The Insured’s right to purchase an Extended Reporting Period as described in part (b) above shall lapse unless written notice of election to purchase such Extended Reporting Period and the applicable additional premium is received by the Underwriters within sixty (60) days after the Expiration Date set forth in Item 2B of the Schedule. The Insured shall not have any right to purchase an Extended Reporting Period as described in part (b) above in the event of a Change in Control as described in Section 6.146.13. The additional premium for an Extended Reporting Period as described in part (b) above shall be seventy-five percent (75%) of the last annual premium paid to the Underwriters for this Policy. Such premium shall be fully earned at the inception of such Extended Reporting Period. During any Extended Reporting Period, the Insured may provide the Underwriters with notice of any Claim covered under Coverage Section 1 and Section 2 and first made against an Insured during the Extended Reporting Period. Any Extended Reporting Period provided under this Policy: (a) shall not increase or reinstate any Limit of Liability; and (b) is non-cancellable. This Automatic Extension ; and (c) shall not apply solely to Coverage Section 1if this Policy or its cover has been replaced.

Extended Reporting Period. If this Policy is non-renewed by the UnderwritersUnderwriters or the Insured, the Insured shall have the right to: (a) an automatic Extended Reporting Period of sixty (60) days, commencing on the Expiration Expiry Date set forth in Item 2B of the Schedule; and (b) purchase an Extended Reporting Period of twelve (12) months, commencing upon the expiration of the automatic Extended Reporting Period. The Insured’s right to purchase an Extended Reporting Period as described in part (b) above shall lapse unless written notice of election to purchase such Extended Reporting Period and the applicable additional premium is received by the Underwriters within sixty (60) days after the Expiration Expiry Date set forth in Item 2B of the Schedule. The Insured shall not have any right to purchase an Extended Reporting Period as described in part (b) above in the event of a Change in Control as described in Section 6.145.13. The additional premium for an Extended Reporting Period as described in part (b) above shall be seventy-five percent (75%) of the last annual premium paid to the Underwriters for this Policy. Such premium shall be fully earned at the inception of such Extended Reporting Period. During any Extended Reporting Period, the Insured may provide the Underwriters with notice of any Claim covered under Coverage Section 1 and first made against an Insured during the Extended Reporting Period. Any Extended Reporting Period provided under this Policy: (a) shall not increase or reinstate any Limit of Liability; and , (b) is non-cancellable. This Automatic Extension ; and (c) shall not apply solely to Coverage Section 1if this Policy or its cover has been replaced.

Extended Reporting Period. If this Policy is non-renewed by the UnderwritersUnderwriters or Insured, the Insured shall have the right to: (a) an automatic Extended Reporting Period of sixty (60) days, commencing on the Expiration Date set forth in Item 2B of the Schedule; and (b) purchase an Extended Reporting Period of twelve (12) months, commencing upon the expiration of the automatic Extended Reporting Period. : The Insured’s right to purchase an Extended Reporting Period as described in part (b) above shall lapse unless written notice of election to purchase such Extended Reporting Period and the applicable additional premium is received by the Underwriters within sixty (60) days after the Expiration Date set forth in Item 2B of the Schedule. The Insured shall not have any right to purchase an Extended Reporting Period as described in part (b) above in the event of a Change in Control as described in Section 6.146.13. The additional premium for an Extended Reporting Period as described in part (b) above shall be seventy-five percent (75%) of the last annual premium paid to the Underwriters for this Policy. Such premium shall be fully earned at the inception of such Extended Reporting Period. During any Extended Reporting Period, the Insured may provide the Underwriters with notice of any Claim covered under Coverage Section 1 and Section 2 and first made against an Insured during the Extended Reporting Period. Any Extended Reporting Period provided under this Policy: (a) shall not increase or reinstate any Limit of Liability; and (b) is non-cancellable. This Automatic Extension ; and (c) shall not apply solely to Coverage Section 1if this Policy or its cover has been replaced.