Firm’s Practice definition

Firm’s Practice means the practice carried on by the Firm, and includes the business of any trustee, nominee, service or administration company owned by the Principals of the Firm;
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Firm’s Practice means the practice carried on by the Firm, and includes the business of any trustee, nominee, service or administration company owned, in whole or in part, by one or more of the Principals of the Firm; “Historic Circumstances” has the meaning ascribed to it in Clause 2.3.6; “Historic Claim” has the meaning ascribed to it in Clause 2.3.1; "Indemnity Period" has the meaning ascribed to it in the Regulations;
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Examples of Firm’s Practice in a sentence

  • Where there is a Succeeding Practice in relation to the Firm’s Practice during the Coverage Period, and as a result more than one (1) Qualifying Insurance covers a Claim or Circumstance, the Insurance may provide that contribution between Insurers shall be determined in accordance with the relative numbers of Principals of the owners of the respective constituent practices immediately prior to the relevant succession.

  • The premium may be calculated on such basis as the Insurer determines and the Firm accepts including, without limitation, a basis which recognises Claims history, categories of work performed by the Firm, numbers of Principals and Employees, revenue derived from the Firm’s Practice and other risk factors determined by the Insurer.

  • Any liability of any Insured for causing or contributing to damage to, or destruction or physical loss of, any property (other than property in the care, custody or control of any Insured in connection with the Firm’s Practice and not occupied or used in the course of the Firm’s Practice), except that this contract nonetheless covers liability for such damage, destruction or loss which arises from breach of duty in the performance of (or failure to perform) legal work.

  • Any liability of any Insured for causing or contributing to damage to, or destruction or physical loss of, any property (other than property in the care, custody or control of any Insured in connection with the Firm’s Practice and not occupied or used in the course of the Firm’s Practice), except that the insurance must nonetheless cover liability for such damage, destruction or loss which arises from breach of duty in the performance of (or failure to perform) legal work.

  • If the Firm’s Practice is succeeded during the Period of Insurance and, as a result, a situation of ‘double insurance’ exists between two or more insurers of the Successor Practice, contribution between insurers is to be determined in accordance with the relative numbers of Principals of the owners of the constituent practices immediately prior to succession.

  • Prior Practice means each practice to which the Firm’s Practice is ultimately a Successor Practice by way of one or more mergers, acquisitions, absorptions or other transitions.

  • Any liability of any Insured for causing or contributing to damage to, or destruction or physical loss of, any property (other than property in the care, custody or control of any Insured in connection with the Insured Firm’s Practice and not occupied or used in the course of the Insured Firm’s Practice), except that this contract nonetheless covers liability for such damage, destruction or loss which arises from breach of duty in the performance of (or failure to perform) legal work.

  • If you don’t want Arbitration to apply to your account, you may reject arbitration by mailing us a written rejection notice which gives your name(s) and account number and contains a statement that you (both or all of you, if more than one) reject arbitration of disputes concerning your account.

  • If the Insured Firm’s Practice is succeeded during the Period of Insurance and, as a result, a situation of ‘double insurance’ exists between two or more insurers of the Successor Practice, contribution between insurers is to be determined in accordance with the relative numbers of Principals of the owners of the constituent Practices immediately prior to succession.

  • If the Firm’s Practice is succeeded during the Period of Insurance and, as a result, a situation of ‘double insurance’ exists between two or more insurers of the Successor Practice, contribution between insurers is to be determined in accordance with the relative numbers of Principals of the owners of the constituent Practices immediately prior to succession.