(2) If during any Annual Period, as respects Coverage A only, the aggregate limit of liability set forth in Item 2(b) ("Original Aggregate Limit") of the Declarations is or may be impaired by virtue of Occurrence(s) of which notice has been given previously during such Annual Period, then the Named Insured shall be entitled to elect one reinstatement of all or any portion of such aggregate limit (but no such reinstatement shall reinstate or otherwise increase the Integrated Occurrence sublimit under Article II, Section C, unless otherwise agreed by the Insurer in writing), based on the following terms and conditions:

(a) Such reinstatement must be elected in writing by the Named Insured, which election shall specify the amount being reinstated, not to exceed an amount equal to the Original Aggregate Limit ("Reinstatement Amount"), and must be accompanied by payment of the reinstatement premium as provided in subparagraph (c) below. Such reinstatement shall be effective as of the date of the receipt by the Insurer of such written election and premium ("Reinstatement Date").

(b) (i) There shall be an aggregate sublimit of liability for all Occurrences of which notice is first given to the Insurer at any time during the entire Annual Period in an amount equal to the Original Aggregate Limit of which any Insured is aware at the Reinstatement Date (including, without limitation, all Occurrences of which notice was first given during such Annual Period prior to such date). An Insured shall be deemed to have been aware of an Occurrence if any Executive Officer was aware of such Occurrence, irrespective of whether or not such person believed or expected such Occurrence was likely to involve this Policy.

(ii) The aggregate limit of liability for all Occurrences of which no Insured is aware at the Reinstatement Date and of which notice is first given to the Insurer during the portion of the Annual Period on or subsequent to the Reinstatement Date and during any Discovery Period in the event Coverage A terminates at the end of such Annual Period shall be:
(x) any unused portion of the Original Aggregate Limit pertaining to the portion of the Annual Period prior to the Reinstatement Date and to any Occurrences of which any Insured is aware at such date; plus
(y) the Reinstatement Amount.

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 Insurer in respect of all Occurrences of which notice is first given to the Insurer during the entire Annual Period exceed the sum of the Original Aggregate Limit and the Reinstatement Amount.

(c) The reinstatement premium shall be one hundred percent (100%) of the total premium for the Annual Period in which the reinstatement takes place. If there is no notice of any Occurrence subsequent to the Reinstatement Date during the Annual Period in which a reinstatement is elected, or if there is a notice but during the portion of the Annual Period subsequent to the Reinstatement Date there is no payment of Ultimate Net Loss by the Insurer in respect thereof, then the Insurer will refund (without interest) seventy-five percent (75%) of the reinstatement premium in respect of such reinstatement at the end of such Annual Period; in the event that after such a refund the Insurer later is called upon to make any payment after the Annual Period in respect of any occurrence which is the subject of a notice given during such Annual Period after the Reinstatement Date, such payment shall be reduced by the amount of the premium so refunded (without interest).