Orange County NC Website
<br />EPS++ <br />tech + pro + media + security + privacy <br /> <br />GSL2302XX (Ed 6/11) <br />Page 25 <br />Copyright © 2011 CNA. All Rights Reserved. <br />a. the Insurer is notified in writing of such cessation prior to the effective date thereof and agrees in writing <br />to provide coverage for Wrongful Acts occurring on or after such effective date; and, <br />b. the Insured Entity accepts any special terms, conditions and exclusions and pays any additional <br />premium charge required by the Insurer. <br />M. SUBROGATION AND RECOVERY <br />To the extent it pays any Damages or Claim Expenses, the Insurer shall be subrogated to all the Insureds rights <br />of recovery therefor, including without limitation an Insureds right to indemnification or advancement from the <br />Insured Entity. The Insureds shall execute all papers necessary to secure such rights, including executing any <br />documents necessary to enable the Insurer effectively to bring suit in their name, and shall take no action which <br />impairs the Insurer's rights of subrogation or recovery. <br />N. NOTICES TO THE NAMED INSURED <br />Any notices to the Named Insured under this Policy shall be provided to the Named Insured at the last known <br />address and to its last known insurance agent or broker. If properly mailed to the Named Insured at such <br />address, the date of mailing shall constitute the date such notice was given. <br />O. CHANGES <br />Notice to or knowledge possessed by any agent or other person acting on behalf of the Insurer does not effect a <br />waiver or a change in any part of this Policy or stop the Insurer from asserting any right under the provisions of <br />this Policy, nor shall the provisions be waived or changed except by written endorsement issued to form a part of <br />this Policy. <br />P. INSURED AUTHORIZATION <br />The Insureds agree that the Named Insured will act on behalf of the Insureds with respect to giving of all <br />notices to the Insurer (except notices provided in Section VI. CONDITIONS, paragraph B. NOTICE OF CLAIM, <br />CIRCUMSTANCE OR NETWORK IMPAIRMENT/PRE-CLAIMS ASSISTANCE/DATE OF CLAIM ) the receipt of <br />notices from the Insurer, the payment of the premiums, the receipt of any return premiums that may become due <br />under this Policy, and the agreement to and acceptance of endorsements. <br />Q. VALUATION <br />All premiums, limits, retentions, and other amounts under this Policy are expressed and payable in United States <br />of America currency. If any judgment, settlement or any part thereof are expressed or calculated in any other <br />currency, payment of such amount due under this Policy will be made in the currency of the United States of <br />America, at the rate of exchange published in The Wall Street Journal on the date the Insurer’s obligation to pay <br />such is established, or, if not published on that date, on the date of next publication. <br />R. BANKRUPTCY <br />Bankruptcy or insolvency of any Insured does not relieve the Insurer of any of its obligations hereunder. <br />If a liquidation or reorganization proceeding is commenced by the Named Insured and/or any other Insured <br />Entity (whether voluntarily or involuntarily) under Title 11 of the United States Code (as amended), or any similar <br />state, local or foreign law (collectively “Bankruptcy Law”) then, in regard to a covered Claim under this Policy, the <br />Insureds hereby: <br />DocuSign Envelope ID: 57A293A7-E790-41D7-BF18-E42777ABBC47