Common use of Successor practice Clause in Contracts

Successor practice. The insurance must indemnify each Insured against civil liability to the extent that it arises from Private Legal Practice in connection with a Successor Practice to the Firm’s Practice (where succession is as a result of one or more separate mergers, acquisitions, absorptions or other transitions), provided that a Claim in respect of such liability is first made against an Insured: (a) during the Period of Insurance; or (b) during or after the Period of Insurance and arising from Circumstances first notified to the Insurer during the Period of Insurance.

Successor practice. The insurance must indemnify each Insured against civil liability to the extent that it arises from Private Legal Practice in connection with a Successor Practice to the Firm’s 's Practice (where succession is as a result of one or more separate mergers, acquisitions, absorptions or other transitions), provided that a Claim in respect of such liability is first made against an Insured: (a) during the Period of Insurance; or (b) during or after the Period of Insurance and arising from Circumstances first notified to the Insurer during the Period of Insurance.Insured -