Maintenance of Underlying Insurance. You must maintain each and every type of insurance policy shown on the schedule of underlying insurance attached to this policy. You must maintain those policies for the full term of this insurance contract and for no lesser limits than those shown on the schedule; except for reductions in aggregate limit(s) due to payment of covered claims for bodily injury, property damage, personal injury and advertising injury. You must give us written notice of any change in the underlying insurance with respect to coverage, limits of insurance or liability, termination of any coverage or exhaustion of any aggregate limit(s). In the event that you fail to comply with these terms, we will pay any covered loss only to the extent that we would be legally obliged to had you been in full compliance with this agreement.
Maintenance of Underlying Insurance. You must maintain the "underlying insurance" at the full limits stated in the Declarations and with no change to more restrictive conditions during the term of this policy. If any "underlying insurance" is canceled or not renewed and not replaced, you must notify us at once. If you fail to maintain "underlying insurance", we will not be liable under this policy for more than we would have been liable if that "underlying insur- ance" was in effect.
Maintenance of Underlying Insurance. This insurance will apply as if the "underlying insurance" is in effect, if:
Maintenance of Underlying Insurance. 1. All of the Underlying Insurance shall be maintained during the Bond Period in full effect. In the event the Underlying Insurance is not so maintained, the Insurer shall not be liable under this Bond earlier or to any greater extent than it would have been if such Underlying Insurance had been maintained. The Insurer shall be notified in writing as soon as practicable if any Underlying Insurance is terminated or cancelled during the Bond Period.
Maintenance of Underlying Insurance. As a condition precedent to coverage under this Excess Policy, the Insured shall maintain the Underlying Policies with the terms set forth in the Declarations and as of the inception of this Excess Policy. In the event of the failure to maintain any of the Underlying Policies, the Company shall not be liable under this Excess Policy to any greater extent than it would have been had such Underlying Polices been maintained. To the extent that any Underlying Limit of Liability is not maintained in full effect during this Policy Period, the Insureds shall be deemed to be self-insured for the amount of the Limit of Liability of the Underlying Limit of Liability which is not maintained as set forth above. Further, in the event any of the insurers of the Underlying Policies fails to pay any amounts due in connection with a covered Claim as a result of bankruptcy, insolvency or liquidation, then the Insured shall be deemed self-insured for the amount of the Limit of Liability of said Policy or Policies.
Maintenance of Underlying Insurance. 1. The Underlying Insurance shall be maintained during the Policy Period in full effect except for reduction or exhaustion of the Limit(s) of Liability of the Underlying Insurance as a result of actual payments thereunder. In the event a policy of Underlying Insurance is not so maintained, the Insurer shall not be liable under this Policy earlier or to any greater extent than it would have been if such policy had been maintained. The Insurer shall be notified in writing as soon as practicable if any Underlying Insurance is terminated or cancelled during the Policy Period.
Maintenance of Underlying Insurance. 4.17.1 The underlying insurance shall be maintained in full force and effect during the currency of this policy except for any reduction of any aggregate limits contained therein solely by payment of claims thereunder and shall not be cancelled or otherwise allowed to lapse without prior notice to insurer.
Maintenance of Underlying Insurance. It is warranted that you agree to maintain in full force and effect during the policy term the limits of insurance and the forms of coverage listed on the Cover Page as underlying insurance. Your failure to maintain such coverages and limits of liability in force shall not invalidate this coverage, but in the event of such failure we will only be liable to the same extent as we would have been had you maintained the underlying insurance listed.
Maintenance of Underlying Insurance. It is a condition of this Policy that the Underlying Policy(ies) shall be maintained in full force and effect, except for any reduction of the aggregate limits contained therein solely by payment by Underlying Policy(ies) of any loss(es) covered by this Policy. In the event of the Insured’s failure to maintain the Underlying Policy(ies) in full force and effect and except with respect to the aforementioned aggregate reduction, coverage hereunder shall not be invalid, but shall apply to the same extent that it would have applied had there been compliance with this condition. In the event any Underlying Policy(ies) excludes loss(es) which are covered by the Followed Policy and subsequently covered hereunder in accordance with the provisions of Insuring Agreement 1 - Coverage, the Company shall not drop down to apply in place of such excluded coverage.
Maintenance of Underlying Insurance. “You” agree to maintain in full force and effect during the term of this policy the forms of coverage, for the amounts of insurance as listed, on the “Declaration Page” as “underlying insurance”. Failure to maintain any part or all of the “underlying insurance” for:
