Changes in Exposure. If an Educational Institution (i) acquires any entity by merger into or consolidation with the Educational Institution; or (ii) acquires securities or voting rights in another entity or creates another entity, which as a result of such acquisition or creation becomes a Subsidiary, such entity and its Insured Persons shall be Insureds under this policy but only with respect to Wrongful Acts committed, attempted, or allegedly committed or attempted, after such acquisition or creation unless the Company agrees, after presentation of a complete proposal and all appropriate information, to provide coverage by endorsement for Wrongful Acts committed, attempted, or allegedly committed or attempted, by such Insureds prior to such acquisition or creation. The Educational Institution shall give written notice of such acquisition or creation to the Company as soon as practicable together with such information as the Company may require, and shall pay any reasonable additional premium required by the Company. In the event an entity ceases to be a Subsidiary before or after the inception date of this policy, coverage with respect to such Subsidiary and its Insured Persons shall continue until termination of this policy but only with respect to Claims for Wrongful Acts committed, attempted, or allegedly committed or attempted, prior to the date such entity ceased to be a Subsidiary.
Changes in Exposure. (a) Acquisition or Creation of Another Organisation If, during the Policy Period, an Organization:
Changes in Exposure. (1) If, during the Policy Period, any of the following transactions or events (each a “Change in Control”) occurs with respect to the Named Corporation:
Changes in Exposure. (A) This Section shall supplement, and not replace, Common Terms and Conditions Section XIV. Changes in Exposure.
Changes in Exposure. A. Acquisition or Creation of Another Organization If an Organization, during the Policy Period:
Changes in Exposure. (A) Acquisition of Another Organization
Changes in Exposure. (A) This section shall supplement, and not replace, Common Terms and Conditions Section XIV.
Changes in Exposure. (B) In addition to the terms specified in Common Terms and Conditions Section XIV. Changes in Exposure (A), if the number of employees of a newly merged or acquired entity exceeds 25% of the number of employees of all Insured Entities combined prior to such merger or acquisition, the Insureds shall expressly note such fact and give the Insurer full details of the transaction in writing as soon as practicable. In accordance with Common Terms and Conditions Section XIV. Changes in Exposure (A), the Insurer shall be entitled to impose such additional terms, conditions, and premium as the Insurer, in its absolute discretion, chooses. There shall be no coverage for any newly merged or acquired entity or any of its subsidiaries, managers, directors, officers, or employees unless the Insureds comply with the terms of this provision.
Changes in Exposure. (A) Acquisition of Additional Attorneys If, during the Policy Period, the total number of attorneys in the Firm increases by more than five percent (5%) as the result of the Firm’s merger with or acquisition of any other law firm or any group of attorneys who practices together at another law firm, the Firm must promptly give the Company written notice thereof, and the Company will be entitled to impose such additional coverage terms and charge such additional premium in connection therewith as the Company, in its sole discretion, may require. Subject to the provisions of this paragraph, coverage shall only be provided for such acquired attorneys with respect to Wrongful Acts committed or allegedly committed after the date of such merger or acquisition.
Changes in Exposure. If after the inception date of this Policy: (1) the Organization consolidates with or merges into another entity, or sells all or substantially all of its assets; or (2) any person, entity or group of persons or entities acting in concert acquire all or substantially all of the assets of the Organization; or (3) the Organization offers or sells any securities issued by the Organization in a transaction not exempt from registration under the Securities Act of 1933 or acquires the securities of a publicly traded entity such that the entity would become a Subsidiary of the Organization; or (4) a receiver, conservator, trustee, liquidator, rehabilitator or any similar official is appointed for or with respect to the Organization; then the above events shall be referred to as a "Change in Control.” This Policy shall continue in full force and effect for Wrongful Employment Acts, or Wrongful Third Party Acts if applicable, occurring before the Change in Control, but coverage will cease with respect to actual or alleged Wrongful Employment Acts, or Wrongful Third Party Acts if applicable, occurring after the Change in Control. The entire premium for this Policy shall be deemed earned. The Organization shall have the right to an offer by the INSURER of an Extended Reporting Period described in Section VI of this Policy. The Organization shall give the INSURER written notice of the Change in Control as soon as practicable, but not later than 30 days after the effective date of the Change in Control.
