Common use of Fraud and Dishonesty Clause in Contracts

Fraud and Dishonesty. (a) arising out of, based upon or attributable to any actual or alleged dishonest, fraudulent, criminal or malicious act or omission of any Insured or any consultant, sub-contractor, agent or person acting on the Insured’s behalf; or (b) arising out of, based upon or attributable to any actual or alleged act, error or omission of any Insured or any consultant, sub-contractor, agent or person acting on the Insured’s behalf, committed or alleged to have been committed intentionally or with reckless disregard for the consequences. Exclusion 4.7(a) shall apply to Automatic Extension 2.4 but only to dishonest or fraudulent acts or omissions occurring after discovery by the Insured of reasonable cause for suspicion of any such act or omission. Exclusion 4.7(a) shall not apply to any Insured who is innocent of committing or condoning any such dishonest or fraudulent act or omission.

Fraud and Dishonesty. (a) a arising out of, based upon or attributable to any actual or alleged dishonest, fraudulent, criminal or malicious act or omission of any Insured or any consultant, sub-contractor, agent or person acting on the Insured’s behalf; or (b) or b arising out of, based upon or attributable to any actual or alleged act, error or omission of any Insured or any consultant, sub-sub- contractor, agent or person acting on the Insured’s behalf, committed or alleged to have been committed intentionally or with reckless disregard for the consequences. Exclusion 4.7(a) shall apply to Automatic Extension 2.4 but only to dishonest or fraudulent acts or omissions occurring after discovery by the Insured of reasonable cause for suspicion of any such act or omission. Exclusion 4.7(a) shall not apply to any Insured who is innocent of committing or condoning any such dishonest or fraudulent act or omission.

Fraud and Dishonesty. (a) a arising out of, based upon or attributable to any actual or alleged dishonest, fraudulent, criminal or malicious act or omission of any Insured or any consultant, sub-contractor, agent or person acting on the Insured’s behalf; or (b) or b arising out of, based upon or attributable to any actual or alleged act, error or omission of any Insured or any consultant, sub-contractor, agent or person acting on the Insured’s behalf, committed or alleged to have been committed intentionally or with reckless disregard for the consequences. Exclusion 4.7(a) shall apply to Automatic Extension 2.4 but only to dishonest or fraudulent acts or omissions occurring after discovery by the Insured of reasonable cause for suspicion of any such act or omission. Exclusion 4.7(a) shall not apply to any Insured who is innocent of committing or condoning any such dishonest or fraudulent act or omission.