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LIMIT OF LIABILITY <br />Regardless of the number of Insureds under this policy, the number of persons or organizations sustaining injury or <br />Damages or the number of Claims made, the Company's liability is limited as follows: <br />Claim Expenses - Annual Aggregate. The Company will pay for all Claim Expenses, during this Policy Period <br />out of this amount as shown in the Declarations. <br />2. Damages and Claim Expenses Each Claim. The most the company will pay for all Damages and Claim <br />Expenses, after the Claim Expenses Limit of Liability has been exhausted, arising out of the same act, omission <br />or Personal Injury is the amount shown in the Declarations as Damages and Claim Expenses - each Claim. All <br />Claims arising out of the same related and/or continuing act, omission or Personal Injury will be deemed to have <br />been made when the first of such Claim is made. <br />3. Damages and Claim Expenses - Annual Aggregate. The most the Company will pay for all Damages and <br />Claim Expenses, during this Policy Period and any Extended Reporting Period, and after the Claim Expenses <br />Limit of Liability has been exhausted, is the amount shown in the Declarations as Damages and Claim Expenses <br />- annual aggregate. <br />All Claims arising out of the same act, omission or Personal Injury or related and/or continuing acts, omissions <br />or Personal Injuries covered hereunder shall be considered a single Claim. <br />LIMIT OF LIABILITY REINSTATEMENT <br />However, in addition to the foregoing, and in consideration of an additional premium, any reduction in the annual <br />aggregate limit of liability may be reinstated, at the sole option of the Company, from the date the Claim giving rise to <br />such reduction was first made against the Insured. <br />The Company's liability in respect of any reinstatement during any one Policy Period shall not exceed the limit of <br />liability as stated in the Declarations. The additional premium in respect of any reinstatement shall be determined by <br />the Company at such time as the Insured requests reinstatement. <br />DEFINITIONS <br />1 Claim(s), whenever used in this policy, means a written demand received by the Insured for money, including the <br />service of suit or institution of arbitration proceedings against the Insured arising out of any act or omission by the <br />Insured or by any person for whom the Insured is legally liable in the rendering of Professional Services and/or <br />because of Personal Injury arising out of the rendering of Professional Services. <br />2. Claim Expenses, whenever used in this policy, means: <br />a. fees charged by any lawyer designated by the Company; <br />b. all other fees, costs and expenses resulting from the investigation, adjustment, defense and appeal of a <br />Claim, if incurred by the Company; <br />C. premiums on bonds to release attachments and appeal bonds, limited to that portion of such bond that does <br />not exceed the unexhausted limits of liability of the policy, but without any obligation to apply for or furnish <br />such bonds; <br />d. interest accruing after the entry of judgment, but only for that portion of the judgment which does not exceed <br />the applicable limit of liability, until the Company has tendered or paid such judgment which does not exceed <br />the Company's limit of liability; or <br />e. reasonable expenses incurred by the Insured at the Company's request in assisting in the investigation and <br />defense of any Claim or suit, other than loss of earnings. <br />However, "Claim Expenses" does not include salary charges of regular employees of the Company. <br />3. Damages, whenever used in this policy, means a monetary judgment, award or settlement and does not include: <br />51599-EO (12/98) Page 3 of 9 <br />