Common use of Insurance Prior to the Distribution Time Clause in Contracts

Insurance Prior to the Distribution Time. Except as may otherwise be expressly provided in this Article 4, Xxxxxx USA does hereby agree, for itself and on behalf of the Xxxxxx USA Group, that the Xxxxxx Oil Group shall not have any Liability whatsoever to the Xxxxxx USA Group as a result of the insurance policies, insurance contracts and claim administration contracts and practices related to the foregoing of the Xxxxxx Oil Group in effect at any time prior to the Distribution Time, including as a result of the level or scope of any such insurance policies, insurance contracts, claim administration contracts, the creditworthiness of any insurance carrier, the terms and conditions of any policy or contract and the adequacy or timeliness of any notice, or lack thereof, to any insurance carrier, bank trustee for any insurer, scheme administrator for any insurer, or claims administrator with respect to any actual claim or potential claim or otherwise.

Insurance Prior to the Distribution Time. Except as may otherwise be expressly provided in this Article 4, Xxxxxx Mxxxxx USA does hereby agree, for itself and on behalf of the Xxxxxx Mxxxxx USA Group, that the Xxxxxx Mxxxxx Oil Group shall not have any Liability whatsoever to the Xxxxxx Mxxxxx USA Group as a result of the insurance policies, insurance contracts and claim administration contracts and practices related to the foregoing of the Xxxxxx Mxxxxx Oil Group in effect at any time prior to the Distribution Time, including as a result of the level or scope of any such insurance policies, insurance contracts, claim administration contracts, the creditworthiness of any insurance carrier, the terms and conditions of any policy or contract and the adequacy or timeliness of any notice, or lack thereof, to any insurance carrier, bank trustee for any insurer, scheme administrator for any insurer, or claims administrator with respect to any actual claim or potential claim or otherwise.