Orange County NC Website
Docusign Envelope ID:C101DF94-8EEA-4210-A163-1FB71C9DF46C <br /> CNA E PS+ <br /> tech + pro + media + security + privacy <br /> 1. waive and release any automatic stay or injunction to the extent it may apply in such proceeding to the <br /> proceeds of this Policy under such Bankruptcy Law; and, <br /> 2. agree not to oppose or object to any efforts by the Insurer or any Insured to obtain relief from any stay or <br /> injunction applicable to the proceeds of this Policy as a result of the commencement of such liquidation or <br /> reorganization proceeding. <br /> S. CONFIDENTIAL SOURCE/RETRACTION OF MATTERS <br /> Solely with respect to a Claim under Insuring Agreement A.2. Media Liability, the Insured's rights under this <br /> Policy shall not be prejudiced by the Insured's refusal to reveal the identity of a confidential source or to disclose <br /> documents or information obtained by the Insured during the course of any Wrongful Act as set forth in <br /> paragraph B. of the definition of Wrongful Act. The Insured shall have full discretion to retract or clarify all <br /> Matter. <br /> T. TRADE AND ECONOMIC SANCTIONS <br /> This Policy does not provide coverage for Insureds, transactions or that part of Damages or Claim Expenses <br /> that is uninsurable under the laws or regulations of the United States concerning trade or economic sanctions. <br /> U. PROOF, VALUATION AND PAYMENT OF FIRST PARTY LOSS <br /> 1. Proof of First Party Loss <br /> The Named Insured must submit a written proof of First Party Loss providing details relating to the <br /> particulars and composition of the amounts claimed in the event of a Network Impairment. The proof of loss <br /> shall be submitted with reasonable promptness, but in no event later than 6 months after the date initial notice <br /> of Network Impairment was submitted to the Insurer. The amount of First Party Loss shall be payable by <br /> the Insurer, to the Named Insured, within 60 days after the Insurer's formal agreement to the amounts <br /> claimed in the proof of loss. <br /> 2. Examination of the Insured Books and Records <br /> Solely with respect to verification of First Party Loss, the Insured agrees to allow the Insurer to examine and <br /> audit the Insured Entity's books and records that relate to this Policy, at any time during the Policy Period <br /> and up to 3 years thereafter. <br /> 3. Inspections and Surveys <br /> The Insurer has the right but is not obligated to do the following, on its own or through its independent <br /> contractors: <br /> A. make remote electronic scan inspections of all or any part of the Insured Entity's Network or of the <br /> Network of any entities newly acquired by the Insured at any time; <br /> B. give the Insured reports on the conditions the Insurer finds; <br /> C. recommend changes to the Insured Entity's Network; or, <br /> D. conduct loss control and prevention activity. <br /> GSL2302XX (Ed 6/11) <br /> Page 26 <br /> Copyright©2011 CNA. All Rights Reserved. <br />