Insurance to Remain in Force Through Closing Sample Clauses

Insurance to Remain in Force Through Closing. Sellers shall, or shall cause the applicable Tenant or Manager to, maintain continuously in force through the Closing Date policies of insurance substantially equivalent to those insurance policies required by the applicable Tenant Lease or Management Agreement (except to the extent that, for reasons beyond the reasonable ability of the Sellers to control, particular terms of coverage are no longer available at commercially reasonable rates, in which case Sellers shall notify the Buyer, promptly after becoming aware, of any such terms of coverage that are no longer available at commercially reasonable rates).
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Insurance to Remain in Force Through Closing. The insurance policies covering the Property which are in existence as of the date of this Agreement, or equivalent coverage, shall remain continuously in force through the Closing Date.
Sample 1
Insurance to Remain in Force Through Closing. Sellers shall or shall cause the applicable Tenant or Manager to maintain continuously in force through the Closing Date policies of insurance substantially equivalent to those insurance policies in existence as of the Effective Date (except to the extent that, for reasons beyond the reasonable ability of the Sellers to control, particular terms of coverage are no longer available at commercially reasonable rates, in which case Sellers shall notify the Buyer, promptly after becoming aware thereof, of any such terms of coverage that are no longer available at commercially reasonable rates). Subject to the terms and provisions of Section 16.1, the risk of loss in and to the Properties shall remain vested in Seller until the consummation of the Acquisition at the Closing.
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Insurance to Remain in Force Through Closing. Seller shall cause the insurance policies covering the Property which are in existence as of the Date of Agreement, or equivalent coverage, to remain continuously in force through the Closing Date. Seller shall be solely responsible for any amounts payable as a result of Seller’s termination of such insurance policies after the Closing Date.
Sample 1
Insurance to Remain in Force Through Closing. The insurance policies maintained by Seller or Operator covering the Golf Course which are in existence as of the Date of Agreement, or substantially equivalent coverage, shall remain continuously in force through the Closing Date.
Sample 1

Related to Insurance to Remain in Force Through Closing

  • Health and Welfare Benefit Plans During the Employment Period, Executive and Executive’s immediate family shall be entitled to participate in such health and welfare benefit plans as the Employer shall maintain from time to time for the benefit of senior executive officers of the Employer and their families, on the terms and subject to the conditions set forth in such plan. Nothing in this Section shall limit the Employer’s right to change or modify or terminate any benefit plan or program as it sees fit from time to time in the normal course of business so long as it does so for all senior executives of the Employer.

  • Health and Welfare Plans (a) A copy of the master contracts with the carriers for the extended health care, dental and group life plans shall be sent to the President of the Union.

  • Terminability of Welfare Plans No Employee Benefit Plan, which is an employee welfare benefit plan within the meaning of ss.3(1) or ss.3(2)(B) of ERISA, provides benefit coverage subsequent to termination of employment, except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower without liability to any Person other than for claims arising prior to termination.

  • Termination Prior to Closing This Agreement may be terminated at any time prior to the Closing:

  • PROVISIONS SURVIVING TERMINATION The provisions of Sections 10, 14, 16, 21 and 29 of this Agreement shall survive termination of this Agreement for any reason.

  • Post Termination Covenants The Employee acknowledges and agrees that the Proprietary Products are the exclusive and valuable property of the Company and may not be used by the Employee for any purpose of any kind, directly or indirectly, except during the term of this Agreement for the sole and exclusive benefit of the Company in his capacity as an employee of the Company and that the success of the Company depends on the Employee’s observance of his covenants in this Section 9.

  • Health and Welfare Benefits (Article 17 applies to full-time nurses only)

  • Post-Termination Cooperation Following any termination of this Agreement, all Parties shall thereafter cooperate fully and work diligently in good faith to achieve an orderly resolution of all matters resulting from such termination.

  • Pension and Welfare Plans During the twelve-consecutive-month period prior to the date of the execution and delivery of this Agreement and prior to the date of any Credit Extension hereunder, no steps have been taken to terminate any Pension Plan, and no contribution failure has occurred with respect to any Pension Plan sufficient to give rise to a Lien under Section 302(f) of ERISA. No condition exists or event or transaction has occurred with respect to any Pension Plan which might result in the incurrence by the Borrower or any member of the Controlled Group of any material liability, fine or penalty. Except as disclosed in Item 6.11 of the Disclosure Schedule, neither the Borrower nor any member of the Controlled Group has any contingent liability with respect to any post-retirement benefit under a Welfare Plan, other than liability for continuation coverage described in Part 6 of Title I of ERISA.

  • Conditions Term of Agreement 37 3.1 Conditions Precedent to the Initial Extension of Credit.................37 3.2 Conditions Subsequent to the Initial Extension of Credit................40 3.3 Conditions Precedent to all Extensions of Credit........................40 3.4 Term....................................................................41 3.5

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