Examples of Covered Incident in a sentence
For the purposes of this paragraph, the term “local currency” shall mean the currency of the country where the Covered Incident occurs, if other than the currency listed in the Declarations.
The written notice of such a Covered Incident to the Company shall include, but not be limited to, a description of the circumstances of the Covered Incident, the nature of the Covered Incident, the nature of the alleged or potential damage, and the date and manner in which the Insured first became aware of the Covered Incident.
Subject always to the Limit of Liability set forth in the Declarations, and to all of the terms, conditions, exclusions and other provisions hereinafter mentioned, the Company will indemnify the Insured for Product Recall Expenses arising out of a Covered Incident in excess of the Attachment Point set forth in the Declarations, provided that the Covered Incident is discovered and first reported to the Company during the Policy Period.
The Insured shall also provide promptly any additional information which the Company may reasonably require to determine the existence of a Covered Incident or the amount of any Product Recall Expenses hereunder.
As a condition precedent to obtaining indemnity under this Policy, the Insured shall provide written notice of any Covered Incident as soon as practicable to the Company (but in any event no later than 30 days) after receiving notice or becoming aware of such Covered Incident.