Coverage Post-Distribution Date Clause Samples
The "Coverage Post-Distribution Date" clause defines the extent and duration of insurance or indemnity coverage that continues after a specified distribution date, such as the closing of a transaction or the payout of assets. In practice, this clause outlines which liabilities or claims remain covered after the main event has occurred, often specifying time limits or types of claims that are still protected. Its core function is to ensure that parties are protected against certain risks that may arise after the distribution date, thereby providing ongoing security and addressing potential gaps in coverage.
Coverage Post-Distribution Date. Before the Distribution Date, the Parties shall use their commercially reasonable efforts to enable Potlatch to procure an agreement with its unemployment insurance vendor(s) with the Material Features of the Clearwater Unemployment Insurance Program. After the Distribution Date, Potlatch and Clearwater will maintain their respective Unemployment Insurance Programs for their respective employees.
Coverage Post-Distribution Date. Before the Distribution ------------------------------- Date, HP shall use its commercially reasonable best efforts for and on behalf of Agilent to procure an agreement with its unemployment insurance vendor(s) with the Material Features of the HP unemployment insurance agreement, including, without limitation, administration of all unemployment compensation claims of Agilent Transferred Employees and Agilent Employees, regardless of whether such claims were filed before, on, or after the Distribution Date.