# VII. CANCELLATION

This policy may be cancelled by the Named Insured by mailing to the Company written notice stating when thereafter such cancellation shall be effective. This policy may be cancelled by the Company by mailing to the Named Insured at the address shown in this policy written notice stating when, not less than thirty (30) days thereafter, such cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice and the effective date of cancellation stated in the notice shall become the end of the policy period.

If cancellation is at the request of the Named Insured, earned premium shall be computed in accordance with the customary short rate table and procedure. If the Company cancels, earned premium shall be computed pro rata. If this policy insures more than one Named Insured, cancellation may be effected by the first of such Named Insureds for the account of all the Named Insureds; notice of cancellation by the Company to such first Named Insured shall be deemed notice to all Insureds and payment of any unearned premium to such first Named Insured shall be for the account of all interests herein.

Premium Adjustment may be made either at the time cancellation is effected or as soon as practicable after cancellation becomes effective, but payment or tender or earned premium is not a condition of cancellation.

# VIII. RIGHT OF APPEAL

In the event the Underlying Insurer(s) or the insured elects not to appeal a judgment in excess of the underlying limits, the Company may elect to conduct such appeal at its own expense and shall be liable for the court costs, interest incidental thereto and for premium on required appeal bonds, which are not payable under underlying insurance, provided that in no event shall the Company's limit of liability exceed that stated in Item 3 of the Declarations plus court costs and interest.