Common use of Occurrence/Claims Clause in Contracts

Occurrence/Claims. Subject to reasonable commercial availability, coverage shall be on an occurrence form basis. If coverage is on a claims made basis, the School shall maintain a retroactive date prior to or contemporaneous with the effective date of this Charter. In the event the policy is canceled, non-renewed, or changed to an occurrence form basis; if there is a change in the retroactive date; or if this Charter is terminated, the School must without interruption pur- chase an extended reporting rider of not less than four (4) years.

Occurrence/Claims. Subject to reasonable commercial availability, coverage shall be on an occurrence form basis. If coverage is on a claims made basis, the School shall maintain a retroactive re- troactive date prior to or contemporaneous with the effective date of this Charter. In the event the policy is canceled, non-renewed, or changed to an occurrence form basis; if there is a change in the retroactive date; or if this Charter is terminated, the School must without interruption pur- chase purchase an extended reporting rider of not less than four (4) years.