Common use of Insurance Policies and Claims Administration Clause in Contracts

Insurance Policies and Claims Administration. (a) Insurance Coverage Prior to the Closing Date. Xxxxxxx shall be responsible for the administration of all claims under the Company's insurance policies relating to periods prior to the Closing Date. If any claim is asserted against the Company relating to periods prior to the Closing Date, Xxxxxxx shall, if requested by the Purchaser, promptly assert and pursue coverage and payment for such claim with the appropriate insurance carrier, and the Purchaser shall, and shall cause the Company to, provide reasonable cooperation and assistance to Xxxxxxx in asserting and pursuing such coverage. In particular, the Purchaser shall, upon request by Xxxxxxx, cause the Company to file all necessary claims and take all such other action as may reasonably be requested by Xxxxxxx to pursue such coverage. As between Xxxxxxx, on the one hand, and the Purchaser and the Company, on the other hand, the Purchaser and the Company shall be entitled to recover all insurance proceeds with respect to any claim, except to the extent the Belch Sisters have previously provided indemnification therefor to the Purchaser or the Company under this Agreement. If the Purchaser shall pursue coverage and payment for any claim relating to periods prior to the Closing Date on behalf of the Company, then Xxxxxxx shall provide reasonable cooperation and assistance to the Company and the Purchaser. Notwithstanding anything to the contrary in this Agreement, Xxxxxxx shall not be obligated to perform services or take any actions which are beyond the scope of actions and services contemplated by the Consulting Agreement attached hereto as Exhibit 7.9 or by the indemnification provisions hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (MJD Communications Inc)

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Insurance Policies and Claims Administration. (a) Insurance Coverage Prior to the Closing Date. Xxxxxxx The Seller shall be responsible for the administration of all claims under the Company's insurance policies relating to periods prior to the Closing Date. The Purchaser will, if requested by the Seller, assist the Seller in performing this obligation, at no cost to the Seller. If any claim is asserted against the Company relating to periods prior to the Closing Date, Xxxxxxx the Seller shall, if requested by the Purchaser, promptly assert and pursue coverage and payment for such claim with the appropriate insurance carrier, and the Purchaser shall, and shall cause the Company to, provide reasonable cooperation and assistance to Xxxxxxx the Seller in asserting and pursuing such coverage. In particular, the Purchaser shall, upon request by Xxxxxxxthe Seller, cause the Company to file all necessary claims and take all such other action as may reasonably be requested by Xxxxxxx the Seller to pursue such coverage. As between Xxxxxxxthe Seller, on the one hand, and the Purchaser and the Company, on the other hand, the Purchaser and the Company shall be entitled to recover all insurance proceeds with respect to any claim, except to the extent the Belch Sisters have Seller has previously provided indemnification therefor to the Purchaser or the Company under Article XI of this Agreement. If the Purchaser shall pursue coverage and payment for any claim relating to periods prior to the Closing Date on behalf of the Company, then Xxxxxxx the Seller shall provide reasonable cooperation and assistance to the Company and the Purchaser. Notwithstanding anything to the contrary in this Agreement, Xxxxxxx shall not be obligated to perform services or take any actions which are beyond the scope of actions and services contemplated by the Consulting Agreement attached hereto as Exhibit 7.9 or by the indemnification provisions hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (MJD Communications Inc)

Insurance Policies and Claims Administration. (a) Insurance Coverage Prior to The Seller and the Closing Date. Xxxxxxx Company, with the Purchaser's cooperation as necessary, shall be responsible for the administration of all claims made under the Company's insurance policies relating to periods prior to the Closing Date. If any claim is made or asserted against the Company relating to periods prior to the Closing Date, Xxxxxxx shall, if requested by the Purchaser, Company and the Seller shall promptly assert and pursue coverage and payment for such claim with the appropriate insurance carrier. With respect to such claims which arise prior to the Closing Date, but require administration after the Closing Date, the Seller shall provide the Company and the Purchaser shall, and shall cause the Company to, provide with reasonable cooperation and assistance to Xxxxxxx in asserting and pursuing such coveragecoverage or, at the Seller's election, the Seller may continue to pursue administration of such claims. In particular, the Purchaser Seller shall, upon request by Xxxxxxxthe Purchaser, cause assist the Company to file with the filing of all necessary claims and take all such other action as may reasonably be requested by Xxxxxxx the Purchaser to pursue such coverage. As between Xxxxxxxthe Seller, on the one hand, and the Purchaser and the Company, on the other hand, the Purchaser and the Company shall be entitled to recover all insurance proceeds with respect to any claim, except for health insurance claims and except to the extent the Belch Sisters have Seller has previously provided indemnification therefor to the Purchaser or the Company under this Agreement. If the Purchaser shall pursue coverage and payment for any claim relating to periods prior to the Closing Date on behalf of the Company, then Xxxxxxx shall provide reasonable cooperation and assistance to the Company and the Purchaser. Notwithstanding anything to the contrary in this Agreement, Xxxxxxx shall not be obligated to perform services or take any actions which are beyond the scope of actions and services contemplated by the Consulting Agreement attached hereto as Exhibit 7.9 or by the indemnification provisions hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (HLM Design Inc)

Insurance Policies and Claims Administration. (a) Insurance Coverage Prior to the Closing Date. Xxxxxxx Seller shall be responsible for the administration of all claims under the Company's insurance policies relating to periods prior to the Closing Date. The Purchaser will, if requested by the Seller, assist the Seller in performing this obligation, at no cost to the Seller. If any claim is asserted against the Company relating to periods prior to the Closing Date, Xxxxxxx Seller shall, if requested by the Purchaser, promptly assert and pursue coverage and payment for such claim with the appropriate insurance carrier, and the Purchaser shall, and shall cause the Company to, provide reasonable cooperation and assistance to Xxxxxxx Seller in asserting and pursuing such coverage. In particular, the Purchaser shall, upon request by XxxxxxxSeller, cause the Company to file all necessary claims and take all such other action as may reasonably be requested by Xxxxxxx Seller to pursue such coverage. As between XxxxxxxSeller, on the one hand, and the Purchaser and the Company, on the other hand, the Purchaser and the Company shall be entitled to recover all insurance proceeds with respect to any claim, except to the extent the Belch Sisters have Seller has previously provided indemnification therefor to the Purchaser or the Company under this Agreement. If the Purchaser shall pursue coverage and payment for any claim relating to periods prior to the Closing Date on behalf of the Company, then Xxxxxxx Seller shall provide reasonable cooperation and assistance to the Company and the Purchaser. Notwithstanding anything to the contrary in this Agreement, Xxxxxxx shall not be obligated to perform services or take any actions which are beyond the scope of actions and services contemplated by the Consulting Agreement attached hereto as Exhibit 7.9 or by the indemnification provisions hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (MJD Communications Inc)

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Insurance Policies and Claims Administration. (a) Insurance Coverage Prior to the Closing Date. Xxxxxxx On the terms and subject to the conditions of this Agreement, Seller shall be responsible for the administration of all claims under the Company's insurance policies relating to periods prior to the Closing Date. If any claim is asserted against the Company relating to periods prior to the Closing Date, Xxxxxxx Sellers shall, if requested by the Purchaser, promptly assert and pursue coverage and payment for such claim with the appropriate insurance carrier, and the Purchaser shall, and shall cause the Company to, provide reasonable cooperation and assistance to Xxxxxxx Sellers in asserting and pursuing such coverage. In particular, the Purchaser shall, upon request by XxxxxxxSellers, cause the Company to file all necessary claims and take all such other action as may reasonably be requested by Xxxxxxx Sellers to pursue such coverage. As between XxxxxxxSellers, on the one hand, and the Purchaser and the Company, on the other hand, the Purchaser and the Company shall be entitled to recover all insurance proceeds with respect to any claim, except to the extent the Belch Sisters Sellers have previously provided indemnification therefor to the Purchaser or the Company under this Agreement. If the Purchaser shall pursue coverage and payment for any claim relating to periods prior to the Closing Date on behalf of the Company, then Xxxxxxx Sellers shall provide reasonable cooperation and assistance to the Company and the Purchaser. Notwithstanding anything to the contrary in this Agreement, Xxxxxxx shall not be obligated to perform services or take any actions which are beyond the scope of actions and services contemplated by the Consulting Agreement attached hereto as Exhibit 7.9 or by the indemnification provisions hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (MJD Communications Inc)

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