Acquisition Clause. This Coverage Form covers to a maximum of $10,000 additional items of contractor's tools & equipment acquired by the Insured as owner, subject to notice to this Insurer within 30 days from date of acquisition and payment of pro rata premium hereunder from such date.
Acquisition Clause. If during the Period of Insurance the Insured acquires or creates any new office branch subsidiary or Associated Company either directly or through one of its subsidiaries cover shall automatically apply from such date of acquisition or creation (provided either the wage roll or number of Insured Persons or travel pattern does not increase by more than 20% of the estimate provided at inception or renewal) at no additional charge Otherwise the Insurer will agree to provide cover from the date of creation or acquisition for a period of 30 days during which time the Insured shall provide any additional information and pay any additional premium as may be reasonably required by the Insurer Associated Companies Where this Policy covers associated companies a list of these companies shall be provided to the Insurer Cancellation of Terrorism or War Risks Cover The Insurer may cancel any insurance provided by this Policy against War or Terrorism by giving 7 days notice to the Insured at the Insured’s last known registered address The insurance in respect of any journey involving travel outside the Insured Person’s Country of Residence which commences before the expiry of such notice shall not be affected Consumer Credit Termination Clause Where the Insurer has agreed to the Insured paying their premium by monthly instalments then in the event that there is a default in instalments due under the payment schedule the Insurer reserves the right to terminate the Policy and the Insured will no longer be insured by the Insurer If the Insured’s monthly premium payment has a Fixed Sum Loan Agreement regulated by The Consumer Credit Act 2006 then this shall be deemed to be a linked loan agreement In the event that there is a default in the instalments due under the payment schedule the Insurer reserves the right to also terminate that linked loan agreement Fair Presentation of the Risk The Insurer is keen to work in partnership with the Insured Person and avoid any misunderstandings. The Insured Person must make a fair presentation of the risk to the Insurer at inception, renewal and variation of the policy. Should the Insured Person be in any doubt as to whether information should be presented to the Insurer, they must;
Acquisition Clause. If during the Period of Insurance the Insured acquires or creates any new office, branch, subsidiary or Associated Company either directly or through one of its subsidiaries cover shall automatically apply from such date of acquisition or creation (provided either the wage roll or number of Insured Persons or travel pattern does not increase by more than 20% of the estimate provided at inception or renewal) at no additional charge. Otherwise the Insurer will agree to provide cover from the date of creation or acquisition for a period of 30 days during which time the Insured shall provide any additional information and pay any additional premium as may be reasonably required by the Insurer. Associated Companies Where this Policy covers associated companies a list of these companies shall be provided to the Insurer. Cancellation of Terrorism or War Risks Cover The Insurer may cancel any insurance provided by this Policy against War or Terrorism by giving 7 days’ notice to the Insured at the Insured’s last known registered address. The insurance in respect of any journey involving travel outside the Insured Person’s Country of Residence which commences before the expiry of such notice shall not be affected.
Acquisition Clause. Should Customer acquire another airline or assets from another airline where Customer is the surviving entity, and as a result of such acquisition or merger Customer’s future RPBs are reasonably expected to increase by more than ***** per annum, the parties agree to meet within ***** following the completion *****
