Optional Extended Reporting Period definition

Optional Extended Reporting Period means any applicable Optional Extended Reporting Period contemplated by the OPTIONAL EXTENDED REPORTING PERIOD Clause.
Sample 1Sample 2Sample 3
Optional Extended Reporting Period means the period of time after the end of the Policy Period, in which a Claim(s) resulting from a Wrongful Act that was committed prior to the end of the Policy Period, may be reported to the Insurer and which is otherwise covered by this Policy.
Sample 1Sample 2Sample 3
Optional Extended Reporting Period means the period of time specified in the Optional Extended Reporting Period Endorsement, beginning with the effective date of the Termination of Coverage.
Sample 1

Examples of Optional Extended Reporting Period in a sentence

  • The Optional Extended Reporting Period will replace the Automatic Extended Reporting Period.

  • Limits of Liability and Sublimits of Liability are not renewed or increased by virtue of the operation of the Automatic or Optional Extended Reporting Period.

  • Once in effect, the Optional Extended Reporting Period may not be canceled.

  • Premium for the Optional Extended Reporting Period will be fully earned on the effective date thereof.

  • Optional Extended Reporting Period: In case of cancellation or nonrenewal for any reason, the Licensee shall have the option, upon payment of an additional premium within ninety (90) days after the effective date of the cancellation or nonrenewal, to cause the policy to apply to Claims first made against the Insured and reported to the Company during the Optional Extended Reporting Period.

  • If the Optional Extended Reporting Period is purchased, the Automatic Extended Reporting Period shall be included within and not in addition to the Optional Extended Reporting Period.Any Optional Extended Reporting Period if purchased shall be non-cancellable and the entire premium shall be deemed earned at its commencement.

  • The Automatic Extended Reporting Period pursuant to Subsection III.B.1. and the Optional Extended Reporting Period, if purchased, pursuant to Subsection III.B.2. shall be collectively referred to in this Policy as the Extended Reporting Period.

  • If this policy is canceled or non-renewed, the Named Insured may elect to purchase an Optional Extended Reporting Period unless the Insurer cancels or non-renews the policy because any Insured failed to pay any amounts owed to the Insurer or any Insured failed to comply with policy provisions.

  • If the Insurer does not receive payment within forty-five (45) days following the effective date of termination or nonrenewal, the Insurer will not be required to provide any Optional Extended Reporting Period.

  • The Insurer must receive the Named Insured’s request for the Optional Extended Reporting Period by written notice together with the applicable premium, within forty-five (45) days after the end of the Policy Period.


More Definitions of Optional Extended Reporting Period

Optional Extended Reporting Period means the period of time allowed for making Claims after the expiration of a claims-made Coverage Form. This is also known as a "tail".
Sample 1
Optional Extended Reporting Period means the period of time set forth in ITEM 6.C. of the Declarations following the effective date of any non-renewal or termination of this Policy. Policy means, collectively, all purchased Coverage Sections.
Sample 1

Related to Optional Extended Reporting Period

  • Extended Reporting Period means a designated period of time after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period.

  • Increased Reporting Period means the period commencing after the continuance of an Increased Reporting Event and continuing until the date when no Increased Reporting Event has occurred for 30 consecutive days.

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Grace Period Extension Date means, if:

  • Resolution Extension Period As defined in Section 2.03(b).

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Monthly Reporting Period The period, which period the Administrator has the right to change as provided in Section 3.05(d) of this Agreement, during which servicers report Mortgage payments to the Administrator, generally consisting of:

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Weekly Reporting Period means any period (a) during which any Default or any Event of Default has occurred and is continuing, or (b) that constitutes a Minimum Availability Period; provided that if the circumstances described in clause (a) or (b), as applicable, shall occur and cease to exist twice during any calendar year, then any subsequent Weekly Reporting Period occurring during such calendar year shall continue through the end of such calendar year.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Reporting Period shall begin on the first day of each calendar quarter and end on the last day of such calendar quarter.

  • Evaluation Period bears the meaning ascribed thereto in Section 13.5(d)(i);

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Initial compliance period means the first full three-year compliance period which begins at least 18 months after promulgation, except for the following contaminants: Dichloromethane; 1,2,4-Trichlorobenzene; 1,1,2- Trichloroethane; Benzo[a]pyrene; Dalapon; Di(2-ethylhexyl adipate; Di(2-ethylhexyl) phthalate; Dinoseb; Diquat; Endothall; Endrin; Glyphosate; Hexachlorobenzene; Hexachlorocyclopentadiene; Oxamyl (Vydate); Picloram; Simazine; 2,3,7,8-TCDD (Dioxin); Antimony; Beryllium; Cyanide; Nickel; and Thallium, initial compliance period means the first full three-year compliance period after promulgation for systems with 150 or more service connections (January 1993 -December 1995) and first full three-year compliance period after the effective date of regulation (January 1996 - December 1998) for systems having fewer than 150 service connections.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Debt service extension base means an amount equal to that

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Minimum Extended Summer Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Extended Summer Demand Resources and Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Extended Summer Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Limited Demand Resource Reliability Target for the PJM Region in Unforced Capacity]. For an LDA, the Minimum Extended Summer Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Limited Demand Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative. Minimum Generation Emergency:

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Initial Expiration Date shall have the meaning set forth in Section 1.1(d).

  • Monthly Reporting Date means the 25th day of each month after the date of this Agreement (or if any such day is not a Business Day, the next succeeding Business Day thereafter).

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.