Continuing Insurance Obligations. Licensee will maintain such commercial general liability insurance beyond the expiration or termination of this Agreement during (i) the period that any Licensed Product(s) and/or Licensed Service(s) developed pursuant to this Agreement is being commercially distributed or sold by Licensee, any Affiliate, or any Sublicensee or agent of Licensee; and (ii) for five (5) years after such period.
Continuing Insurance Obligations. AgeX will maintain such commercial general liability insurance beyond the expiration or termination of this Agreement during (i) the period that any AgeX Product(s) developed pursuant to this Agreement is being commercially distributed or sold by AgeX, any Affiliate thereof, or any agent of any of the foregoing; and (ii) for [***] after such period. CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY “[***],” HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
Continuing Insurance Obligations. For a period of three (3) years following the Closing, Sellers shall maintain or cause to be maintained in effect either (i) the Insurance Policies (provided that the Purchaser may substitute policies of at least the same coverage and amounts containing terms and conditions which are no less advantageous in all material respects to the insured parties thereunder) with respect to claims arising from facts or events that occurred at or before the Closing, including consummation of the transactions contemplated by this Agreement or (ii) a run-off (i.e., tail) policy or endorsement with respect to the Insurance Policies covering claims asserted within three (3) years after the Closing arising from facts or events that occurred at or before the Closing, including consummation of the transactions contemplated by this Agreement. Such policies and endorsements shall name as insureds thereunder all present and former directors and officers of the Sellers.
Continuing Insurance Obligations. AgeX will maintain such commercial general liability insurance beyond the expiration or termination of this Agreement during (i) the period that any AgeX Product(s) developed pursuant to this Agreement is being commercially distributed or sold by AgeX, any Affiliate thereof, or any agent of any of the foregoing; and (ii) for five (5) years after such period.
