Common use of Run-off Clause in Contracts

Run-off. In the event either party terminates this Agreement the reinsurance pursuant to this Agreement shall be provided on a “run-off” basis for all Covered Policies under this Agreement written prior to the Termination Date until all liabilities under the Covered Policies have been satisfied in full.

Run-off. In the event either party terminates this Agreement the reinsurance assumed pursuant to this Agreement shall be provided on a “run-off” basis for all Covered Policies under policies written after the Effective Date of this Agreement written and prior to the Termination Date until all liabilities under the Covered Policies have been satisfied in full.