Liquidation Clause

LIQUIDATION CLAUSE #

In the event that after loss there be an appointment of an official liquidator or winding up of or permanent discontinuance of the business, it is agreed that the indemnity period by this section shall apply until the date on which a liquidator is appointed or winding up or permanent discontinuance occurs, and for the purpose of calculation of loss the indemnity period shall be construed as commencing from the date of loss and ending on the date on which a liquidator is appointed or winding up or permanent discontinuance occurs.