A "claim" against any "insured" for damages because of the "wrongful act" is first done according to the "policy period" and the Section VII, Extended Reporting Period, if applicable, in accordance with Paragraphs 3. and 4 below.
A "claim" against any "insured" for damages because of the "wrongful act" is first made during the "policy period" or the Section VII, Extended Reporting Period, if applicable, in accordance with Paragraphs 3. and 4. below.