In no event shall the aggregate limit of liability under this subparagraph (2)(b)(ii) exceed the Original Aggregate Limit.

(iii) In no event shall the aggregate limit of liability of the Company in respect of all Occurrences of which notice is first given to the Company during the entire Annual Period exceed the sum of the Original Aggregate Limit and the Reinstatement Amount.

(c) The reinstatement premium shall be an amount determined by the Company, but in no event shall this exceed one hundred twenty-five percent (125%) of the total premium for the Annual Period in which the reinstatement takes place.

**S. DISCOVERY PERIOD**

(1) In the event of Termination of Coverage A, other than by reason of cancellation for non-payment of premium or due to institution of a proceeding other than as contemplated by Condition N, the Named Insured may elect, prior to the Termination Date of such Coverage A, to secure Coverage B for the following Annual Period for such Insureds as the Named Insured shall designate, by giving the Company written notice of such election and paying to the Company the annual premium set forth in the attached Schedule D no later than the date of commencement of such Annual Period.

(2) In the event that the Named Insured elects to secure Coverage B pursuant to paragraph (1) above, the Named Insured may elect to continue such Coverage B for any number of additional Annual Periods by giving the Company written notice of each election for a subsequent Annual Period and paying to the Company the corresponding annual premium set forth in the attached Schedule D no later than the end of the Annual Period for which such Coverage B was previously elected. If the Named Insured shall fail to elect Coverage B for any Annual Period, it may not elect Coverage B for any subsequent Annual Period.

(3) For the purpose of application of retentions and limits of liability, notice of an Occurrence given during the Discovery Period shall be deemed to have been given during the final Annual Period in the Policy Period. The aggregate limit of liability shall not be reinstated for the Discovery Period.