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<br />ENV-CPL 00003 00 (02/12) Page 11 of 22 <br />Includes copyrighted material of Insurance Services Offices, Inc. with its permission. <br />This policy may not be assigned without our prior written consent. Assignment of interest under this <br />policy shall not bind us until our consent, which shall not be unreasonably withheld, is endorsed <br />thereon. <br /> <br /> <br />2. Bankruptcy <br />Bankruptcy or insolvency of the insured or of the insured’s estate will not relieve us of our obligations. <br /> <br />3. Cancellation <br /> <br />a. The first Named Insured shown in the Declarations may cancel this policy by mailing or delivering <br />to us advance written notice of cancellation. When the first Named Insured cancels this policy, <br />we will return premium to you on a short rate basis. <br /> <br />b. We may cancel this policy by mailing or delivering to the first Named Insured written notice of <br />cancellation at least ten (10) days before the effective date of cancellation if we cancel for <br />nonpayment of premium. <br /> <br />c. We will mail or deliver our notice to the first Named Insured's last mailing address known to us. <br /> <br />d. Notice of cancellation will state the effective date of cancellation. The policy period will end on <br />that date. <br /> <br />e. If notice is mailed, proof of mailing will be sufficient proof of notice. <br /> <br />4. Changes <br /> <br />This policy contains all the agreements between you and us concerning the insurance afforded. <br />The first Named Insured shown in the Declarations is authorized to make changes in the terms of <br />this policy with our consent. This policy's terms can be amended or waived only by endorsement <br />issued by us and made a part of this policy. <br /> <br />5. Currency <br /> <br />All reimbursement shall be made in United States currency at the rate of exchange prevailing on: <br /> <br />a. The date of judgment if judgment is rendered; <br /> <br />b. The date of settlement if settlement is agreed upon with our written consent; or <br /> <br />c. The date legal expenses are paid. <br /> <br />6. Duties in the Event of Pollution Incident, Claim or Suit <br /> <br />a. You must see to it that we are notified as soon as practicable of discovery of a pollution incident <br />which may result in a claim, or receipt of a claim. To the extent possible, notice should include: <br /> <br />(1) How, when and where the pollution incident took place; <br /> <br />(2) The names and addresses of any injured persons and witnesses; and <br /> <br />(3) The nature and location of any injury or damage arising out of the pollution incident. <br /> <br />Docusign Envelope ID: 03EC0D15-D674-4D12-9ED3-8A2C214EE218