Insurance and Insurance Proceeds. If after Closing, Buyer reasonably determines that any Liability that is an Assumed Liability or Loss with respect to any Acquired Asset, Assumed Liability or the Business is covered by any insurance policy of the Company (or any Affiliate of the Company), then Buyer may give a notice to the Company that states such determination and describes the foregoing in reasonable detail. If Buyer gives such a notice, then the following will apply:
Appears in 2 contracts
Samples: Asset Purchase Agreement (Midas Medici Group Holdings, Inc.), Asset Purchase Agreement (Datalink Corp)
Insurance and Insurance Proceeds. If after Closing, Buyer reasonably determines that any Liability that is an Assumed Liability or Loss with respect to any Acquired Asset, Assumed Liability or the Business is covered by any insurance policy of the Company (or any Affiliate of the Company), then Buyer may give a notice to the Company that states such determination and describes the foregoing in reasonable detail. If Buyer gives such a noticenotice and the Company (or its applicable Affiliate) has insurance policies in place, then the following will apply:
Appears in 1 contract
Insurance and Insurance Proceeds. If after Closing, Buyer reasonably determines that any Liability that is an Assumed Liability or Loss that has occurred with respect to any Acquired Asset, Assumed Liability or the Business is covered by any insurance policy of the Company Seller (or any Affiliate of the CompanySeller), then Buyer may give a notice to the Company Seller that states such determination and describes the foregoing in reasonable detail. If Buyer gives such a notice, then the following will apply:
Appears in 1 contract
Samples: Asset Purchase Agreement (SilverSun Technologies, Inc.)
