Optional Extension Period definition

Optional Extension Period means the period of time after the end of the Policy Period for reporting Claims as provided in Clause XII. of this Policy.
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Optional Extension Period means period of time described in Section VII. EXTENSION PERIODS, Paragraph B. Optional Extension Period, wherein this Coverage Form provides extra days after the end of the "policy period" for an "insured" to report a "claim" that occurred during the "policy period".
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Optional Extension 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".
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Examples of Optional Extension Period in a sentence

  • As a condition precedent to the right to purchase the Optional Extension Period, the total premium for this Policy must have been paid.

  • In the event of the purchase of the Optional Extension Period, the entire premium for the Optional Extension Period shall be deemed earned at its commencement.

  • The balloon shall be flown for at least four consecutive hours sometime between seven a.m. and four p.m. on the dates chosen.

  • If such notice and premium payment is not so given to the Underwriters, there shall be no right to purchase the Optional Extension Period.

  • In order for the Named Insured to invoke the Optional Extension Period option, the payment of the additional premium for the Optional Extension Period must be paid to the Underwriters within thirty (30) days of the termination of this Insurance.


More Definitions of Optional Extension Period

Optional Extension Period means the period described in Clause IX.A.
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Optional Extension Period means the period described in Clause XI. of the Policy Terms and Conditions.
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Optional Extension Period means the period described in Clause XII. of this Policy.
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Optional Extension Period means the period of time after the end of the Policy Period for reporting Claims as provided in Clause IX., Optional Extension Period, of this Policy.
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Optional Extension Period means a period of five (5) years which may be elected by CONTRACTOR upon six (6) months written notice to EGPC prior to the expiry of the relevant twenty (20) year period.
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Optional Extension Period means period of time described in Section VII. EXTENSION PERIODS, Paragraph
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Optional Extension Period means the period described in Clause X.A. of the General Terms and Conditions.
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