Assignment of Insurance Policies. On or prior to the Closing -------------------------------- Date, the Sellers shall have assigned to the Buyer any and all insurance policies extending warranty or products liability coverage to a Seller for products manufactured by a Seller with respect to the Business prior to the Closing Date or for claims made on or prior to the Closing Date.
Assignment of Insurance Policies. The Buyer shall have received a "broker of record" designation naming Olympic Insurance Associates, Inc. as agent of record for all Assigned Insurance Policies, and all such Assigned Insurance Policies shall have been assigned to the Buyer.
Assignment of Insurance Policies. The Company shall assign ownership to the Employee of any key man insurance policies on the Employee, provided that Employee shall assume and pay all premiums required to keep such policy in force.
Assignment of Insurance Policies. (a) Prior to the Effective Time, Focus shall, and cause its Subsidiaries to, use reasonable best efforts to obtain consents to the partial or complete assignments of any of its respective insurance policies if requested to do so by HCC, to the extent necessary to maintain the benefits to HCC and the Surviving Corporation of such policies as they apply to Focus and its Subsidiaries. Focus shall also inform HCC no later than five (5) business days prior to the Closing Date of any material unfiled insurance claims to the knowledge of Focus, and for which it believes coverage exists.
(b) Prior to the Effective Time, Focus and HCC shall cooperate to determine the most appropriate methodology to obtain “tail” insurance coverage at such limits, mutually agreeable to the parties, for Errors and Omissions, Bankers and Blanket Bond coverage and any other insurance policies of Focus and its Subsidiaries as mutually agreed.
Assignment of Insurance Policies. Any and all life insurance policies owned by the Company pertaining to Danex Xxxxxx xx Dan Xxxxx xxxll, within ninety (90) days following the Closing Date, be, at the option of the insured, either (i) terminated or (ii) assigned by the Company to the insured or their designee. Any and all obligations for premiums or other charges becoming due and payable after the Closing Date and prior to or in connection with such termination or assignment shall be payable and borne by the insured under such policy and the Company and/or the Parent shall be reimbursed for any such charges paid by the Company and or the Parent.
Assignment of Insurance Policies. 35 8.13. Amendment to 401(k) Plan.......................................................................35 8.14.
Assignment of Insurance Policies. Prior to the Effective Time, MLB shall use reasonable best efforts to obtain consents to the partial or complete assignments of any of its respective insurance policies if requested to do so by OVB, to the extent necessary to maintain the benefits to OVB and the Surviving Corporation of such policies as they apply to MLB. MLB shall also inform OVB no later than five (5) Business Days prior to the Closing Date of any material unfiled insurance claims to the Knowledge of MLB, and for which it believes coverage exists.
Assignment of Insurance Policies. Seller shall have executed and delivered, and shall have caused required third parties to execute and deliver, any and all documents necessary or appropriate to assign Seller's insurance policies to Buyer.
Assignment of Insurance Policies. (a) Before the Effective Time, Presidio shall use reasonable commercial efforts to obtain consents to the partial or complete assignments of any of its insurance policies if requested to do so by HCC, to the extent necessary to maintain the benefits to HCC and the Surviving Corporation of such policies as they apply to Presidio. Presidio shall also inform HCC no later than five business days before the Closing Date of any material unfiled insurance claims to the knowledge of Presidio, and for which it believes coverage exists.
(b) Before the Effective Time if requested by HCC, Presidio and HCC shall cooperate to determine the most appropriate methodology to obtain “tail” insurance coverage at such limits, mutually agreeable to the parties, for Errors and Omissions, Bankers and Blanket Bond coverage and any other insurance policies of Presidio as mutually agreed.
Assignment of Insurance Policies. Each of the Former Employees has assigned all of his rights to FAMCO under certain insurance policies under which such Former Employees are insured as officers. FAMCO shall assign these rights to Seller at Closing.
