Common use of Insurance & Bonding Clause in Contracts

Insurance & Bonding. (a) The Company has delivered to QSI, as set forth on and attached to Schedule 4.17, (i) an accurate list as of the Balance Sheet Date of all insurance policies carried by the Company, (ii) an accurate list and copies of all insurance loss runs for the past five (5) policy years and (iii) true, complete and correct copies of all insurance policies which were in effect the past three (3) years and which are currently in effect. Such insurance policies evidence all of the insurance that the Company is required to carry pursuant to all of its contracts and other agreements and pursuant to all applicable laws. All of such insurance policies are currently in full force and effect and shall remain in full force and effect through the Funding and Consummation Date. No insurance carried by the Company has ever been canceled by the insurer and the Company has never been unable to obtain insurance coverage for its assets and operations. (b) Schedule 4.17 includes an accurate list of all performance bonds securing obligations of the Company, together with the amount bonded and any guaranty issued by a Stockholder or other third party with respect thereto.

Insurance & Bonding. (a) The Company has delivered to QSI, as set forth on and attached to Schedule 4.17, (i) an accurate list as of the Balance Sheet Date of all insurance policies carried by the Company, (ii) an accurate list and copies of all insurance loss runs for the past five (5) policy years and (iii) true, complete and correct copies of all insurance policies which were in effect the past three (3) years and which are currently in effect. Such insurance policies evidence all of the insurance that the Company is required to carry pursuant to all of its contracts and other agreements and pursuant to all applicable laws. All of such insurance policies are currently in full force and effect and shall remain in full force and effect through the Funding and Consummation Date. No insurance carried by the Company has ever been canceled by the insurer and the Company has never been unable to obtain insurance coverage for its assets and operations. (b) Schedule 4.17 includes an accurate list of all performance bonds securing obligations of the Company, together with the amount bonded and any guaranty issued by a Stockholder or other third party with respect thereto.