First Party Event definition
Examples of First Party Event in a sentence
For the First Party Insuring Agreements, the Insured has an extended period of time to Discover a First Party Loss arising out of a First Party Event that occurred prior to the effective date of cancelation.
Such First Party Event will be deemed Discovered on the last day of the Policy Period.
Experts, and Public Relations Insuring Agreements, First Party Loss that results from a First Party Event occurring prior to cancelation or nonrenewal can be Discovered during the Optional ERP.
Such First Party Event is deemed Discovered on the last day of the Policy Period.
Upon the Discovery of a First Party Event, the Insured must give the Insurer written notice of the particulars of such event, as soon as practicable.
Event of Default means the Second Party Event of Default or the First Party Event of Default or both as the context may admit or require.