Common use of Consolidation; Merger Clause in Contracts

Consolidation; Merger. If, through consolidation or merger with, or purchase of assets of, some other concern, any persons shall become Employees or if the Insured shall thereby acquire the use and control of any additional Premises, the insurance afforded by this Form shall also apply as respects such Employees and Premises, provided the Insured shall give the Insurer written notice thereof within thirty days thereafter and shall pay the Insurer an additional premium computed pro rata from the date of such consolidation, merger or purchase to the end of the current premium period.

Appears in 4 contracts

Sources: Comprehensive Dishonesty, Disappearance, and Destruction Form, Comprehensive Dishonesty, Disappearance, and Destruction Form, Comprehensive Dishonesty, Disappearance, and Destruction Form

Consolidation; Merger. If, through consolidation or merger with, or purchase of assets of, some other concern, any persons shall become Employees “Employees” or if the Insured shall thereby acquire the use and control of any additional Premises, the insurance afforded by this Form Rider shall also apply as respects such Employees “Employees” and Premises, provided the Insured shall give the Insurer written notice thereof within thirty days thereafter and shall pay the Insurer an additional premium computed pro rata from the date of such consolidation, merger or purchase to the end of the current premium period.

Appears in 3 contracts

Sources: Indemnity Agreement, Indemnity Agreement, Indemnity Agreement

Consolidation; Merger. If, through consolidation or merger with, or purchase of assets of, some other concern, any persons shall become Employees or if the Insured shall thereby acquire the use and control of any additional Premises, the insurance afforded by this Form Rider shall also apply as respects such Employees and Premises, provided the Insured shall give the Insurer written notice thereof within thirty days thereafter and shall pay the Insurer an additional premium computed pro rata from the date of such consolidation, merger or purchase to the end of the current premium period.

Appears in 2 contracts

Sources: Comprehensive Dishonesty, Disappearance and Destruction Rider, Comprehensive Dishonesty, Disappearance and Destruction Coverage Form

Consolidation; Merger. If, through consolidation or merger with, or purchase of assets of, some other concern, any persons shall become Employees or if the Insured shall thereby acquire the use and control of any additional Premises, the insurance afforded by this Form shall also apply as respects such Employees and Premises, provided the Insured shall give the Insurer written notice thereof within thirty days (30) thereafter and shall pay the Insurer an additional premium computed pro rata from the date of such consolidation, merger or purchase to the end of the current premium period.

Appears in 2 contracts

Sources: Comprehensive Dishonesty, Disappearance, and Destruction Form, Comprehensive Dishonesty, Disappearance, and Destruction Form

Consolidation; Merger. If, through consolidation or merger with, or purchase of assets of, some other concern, any persons shall become Employees “employees” or if the Insured shall thereby acquire the use and control of any additional Premises“premises”, the insurance afforded by this Form shall also apply as respects such Employees “employees” and Premises“premises”, provided the Insured shall give the Insurer written notice thereof within thirty days thereafter and shall pay the Insurer an additional premium computed pro rata from the date of such consolidation, merger or purchase to the end of the current premium policy period.

Appears in 1 contract

Sources: Comprehensive Dishonesty, Disappearance, Destruction and Forgery Insurance Agreement

Consolidation; Merger. If, through consolidation or merger with, or purchase of assets of, some other concern, any persons person shall become Employees “employees” or if the Insured shall thereby acquire the use and control of any additional Premises“premises”, the insurance afforded by this Form shall also apply as respects such Employees “employees” and Premises“premises”, provided the Insured shall give the Insurer written notice thereof within thirty days thereafter and shall pay the Insurer an additional premium computed pro rata from the date of such consolidation, merger or purchase to the end of the current premium policy period.

Appears in 1 contract

Sources: Property Coverage Agreement