Notice of Circumstances Sample Clauses

Notice of Circumstances. If during the Policy Period or the Extended Reporting Period, if exercised, the Insured first becomes aware of circumstances that could give rise to a Claim against the Insureds and give written notice of such circumstances to the Underwriter during the Policy Period or the Extended Reporting Period, if exercised, then any Claims subsequently arising from such circumstances shall be considered to have been made during the Policy Period. No coverage is afforded under this Coverage Section for fees, expenses or other loss incurred in connection with such circumstances prior to the time a Claim is actually made and reported to the Underwriter. The Insureds shall include with any such notice of circumstance a description of the circumstances, the nature of any potential Wrongful Act(s), the nature of the alleged or potential damage, the names of actual or potential claimants, and the manner in which the Insureds first became aware of the Wrongful Act(s).
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Notice of Circumstances. Promptly after receipt by any member of the Buyer Group or the Seller Group of notice of any action, proceeding, claim or potential claim or discovery by any member of the Buyer Group or the Seller Group of any facts (any of which is hereinafter individually referred to as a "Circumstance") which could give rise to a right to indemnification pursuant to any provision of this Agreement, such Person (the "Indemnified Party") shall give the party who may become obligated to provide indemnification hereunder (the "Indemnifying Party") prompt written notice describing the Circumstance in reasonable detail. If notice of a Circumstance is not given to the Indemnifying Party within a sufficient period of time or in sufficient detail to apprise the Indemnifying Party of the nature of the Circumstance (in each instance taking into account the facts and circumstances with respect to such Circumstance), the Indemnifying Party shall not be liable to the Indemnified Party to the extent that the Indemnifying Party's position is actually prejudiced as a result thereof. The Indemnifying Party shall have the right, at its option, to settle, compromise or defend, at its own expense and by its own counsel, any Circumstance involving the asserted liability of the Indemnified Party. In the event the Indemnifying Party fails to take diligent action to settle, compromise or defend such Circumstance within twenty (20) days of receiving notice of such Circumstance from the Indemnified Party, the Indemnifying Party shall forfeit its right to settle, compromise or defend such Circumstance. If any Indemnifying Party shall undertake to settle, compromise or defend any such asserted liability, it shall promptly notify the Indemnified Party of its intention to do so, and the Indemnified Party agrees to cooperate fully with the Indemnifying Party and its counsel in the settlement or compromise of, or defense against, any such asserted liability, provided that the Indemnifying Party shall not agree to any equitable relief with respect to the Indemnified Party without the written consent of the Indemnified Party. All out-of-pocket costs and expenses incurred (i) in connection with such cooperation or (ii) following a failure by the Indemnifying Party to take diligent action to settle, compromise or defend such Circumstance within twenty (20) days of notice of a Circumstance, shall be borne by the Indemnifying Party. In any event, the Indemnified Party shall have the right at its own expense...
Notice of Circumstances. If during the Policy Period or the Extended Reporting Period, if exercised, the Insured first becomes aware of circumstances that could give rise to a Claim against the Insureds and gives written notice of such circumstances to the Underwriter during the Policy Period or the Extended Reporting Period, if exercised, then any Claims subsequently arising from such circumstances shall be considered to have been made during the Policy Period. No coverage is afforded under this Coverage Section for fees, expenses or other loss incurred in connection with such circumstances prior to the time a Claim is actually made and reported to the Underwriter. The Insureds shall include with any such notice of circumstance a description of the circumstances, the nature of any potential Wrongful Act(s), the nature of the alleged or potential damage, the names of actual or potential claimants, and the manner in which the Insureds first became aware of the Wrongful Act(s).
Notice of Circumstances. A. If, prior to the end of the policy period, you become aware of a circumstance that has resulted or could result in injury to which this insurance applies, a claim for damages for such injury will be deemed to have been made during the policy period, provided:
Notice of Circumstances. If during the Policy Period or the Extended Reporting Period, if exercised, the Insured first becomes aware of circumstances that could give rise to a Claim against the Insureds and give written notice of such circumstances to the Underwriter during the Policy Period or the Extended Reporting Period, if exercised, then any Claims subsequently arising from such circumstances shall be considered to have been made during the Policy Period. Except as otherwise provided this Coverage Section, no coverage is afforded under this Coverage Section for fees, expenses or other loss incurred in connection with such circumstances prior to the time a Claim is actually made and reported to the Underwriter. The Insureds shall include with any such notice of circumstance a description of the circumstances, the nature of any potential Wrongful Act(s), the nature of the alleged or potential damage, the names of actual or potential claimants, and the manner in which the Insureds first became aware of the Wrongful Act(s).
Notice of Circumstances. As soon as is practicable during the Policy Period, the Insured may report in writing to the Underwriter through the contacts listed in ITEM 6 of the Declarations, any circumstance discovered by the Insured during the Policy Period that could reasonably be the basis for a Claim. Such notice must include a description of the circumstance, including:
Notice of Circumstances. If during the Policy Period or the Extended Reporting Period, if applicable, an Insured Person or a Company first becomes aware of any circumstance which may give rise to a Claim, the Insured Person or Company must, during the Policy Period or the Extended Reporting Period, if applicable, give written notice to the Insurer. It has to contain full relevant particulars with respect to the Wrongful Act and Insured Person involved, the potential Claim anticipated including the potential damages or other relief, and the identity of the prospective claimants. In this instance, any Claim which is subsequently made and arises out of such circumstances shall be deemed to have been first made against the Insured Person at the time such written notice was received by the Insurer.
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Notice of Circumstances. If during the policy period, you first become aware of any facts or circumstances which may reasonably be expected to give rise to a claim and during such policy period give written notice to the Insurer of:
Notice of Circumstances. The Claiming Party shall give notice to the Defaulting Party as soon as reasonably practicable after it becomes aware of circumstances that could reasonably be expected to form the basis of a claim under this Agreement, regardless of value.
Notice of Circumstances. Either Buyer or Seller shall give notice to Seller or Buyer as soon as reasonably practicable after it becomes aware of circumstances that could reasonably be expected to form the basis of a claim under this Agreement, regardless of value.
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