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The Insureds further agree to submit any Claim to mediation or binding or non -binding <br />arbitration upon the Insurer's request. If the Insureds refuse to submit any Claim to <br />mediation or binding or non -binding arbitration, the Insureds will thereafter be obligated to <br />negotiate or defend such Claim independently of the Insurer. The Insurer's liability for <br />such Claim is limited to the Defense Costs covered by the Policy incurred up to the date <br />of such refusal to submit such Claim to mediation or binding or non -binding arbitration. <br />The Insureds shall not, except at personal cost, make any payment, admit any liability, <br />settle any Claim, assume any obligation, or incur any expense without the Insurer's <br />written consent. The Insureds shall not demand or agree to arbitration of any Claim <br />without the written consent of the Insurer. <br />B. The Insureds agree to cooperate with the Insurer, and provide such assistance and <br />information as the Insurer may reasonably request. Upon the Insurer's request, the <br />Insureds shall submit to examination and interrogation by a representative of the <br />Insurer, under oath if required, and shall attend hearings, depositions and trials and <br />shall assist in the conduct of suits, including but not limited to effecting settlement, <br />securing and giving evidence, obtaining the attendance of witnesses, giving written <br />statements to the Insurer's representatives and meeting with such representatives for <br />the purpose of investigation and/or defense, all of the above without charge to the <br />Insurer. The Insureds further agree not to take any action that may increase the <br />Insurer's exposure for Loss or Defense Costs. <br />The Insureds shall execute all papers required and shall do everything that may be <br />necessary to secure and preserve any rights of indemnity, contribution or apportionment <br />that the Insureds may have, including the execution of such documents as are <br />necessary to enable the Insurer to bring suit in their name, and shall provide all other <br />assistance and cooperation that the Insurer may reasonably require. <br />VI. NOTIFICATION <br />A. If during the Policy Period or the Extended Reporting Period, if applicable, any Claim is <br />made, the Insureds will, as a condition precedent to their rights under this Policy, give <br />the Insurer written notice of any such Claim as soon as practicable. In no event will <br />notice of any Claim given to the Insurer more than sixty (60) days after the end of the <br />Policy Period or the Extended Reporting Period, if applicable, be considered notice as <br />soon as practicable under this Policy. <br />B. If during the Policy Period or the Extended Reporting Period, if applicable, the Insureds <br />first become aware of a specific Wrongful Act and give written notice to the Insurer as <br />soon as practicable of: <br />(1) the specific Wrongful Act; <br />(2) the identity of the potential claimant; <br />(3) any consequences that may result or have resulted; and <br />(4) the circumstances by which the Insureds first became aware thereof, <br />then any Claim subsequently made arising out of such Wrongful Act will be deemed for <br />the purposes of this Policy to have been made at the time such written notice was given. <br />VII. GENERAL CONDITIONS <br />A. Representations Clause: <br />The Insureds represent that the particulars and <br />Application are accurate and complete. <br />PSNP1001 (01/01) <br />statemei <br />Risk Muagment DlMsian <br />E <br />REVIEWED & APPROVED BY: <br />e Aeevaa <br />'�--'Risk Management Specialist <br />