Product Liability Matters. At or prior to the Closing, Sellers at its expense shall cause Buyer to be named as an additional insured under each of its occurrence-type policy or policies of insurance insuring against claims for personal injury and property damage arising out of or resulting from any products leased or sold by Sellers prior to the Closing Date. At the Closing, Sellers shall deliver to Buyer one or more certificates of insurance evidencing that the insurance to be obtained by it pursuant to this Section is in effect and providing for notification to Buyer at least ten (10) days prior to the effective date of any termination or cancellation of such insurance.
Product Liability Matters. Notwithstanding anything to the contrary contained in this Agreement, none of the provisions of this Section 12 shall apply to any Damages claimed under Section 12.1(a)(ii) or Section 12.2(a)(ii) or (iii) which directly result from any product liability claims, suits, demands or causes of action arising following the Applicable Closing Date and that pertain to any of the Inventory. With respect to such matters, the parties do not intend for this Agreement to alter the legal relationship between them that would exist in the absence of this Agreement.
Product Liability Matters. Except as set forth on Schedule 5.16, as of the date of this Agreement, Xxxxxxxx has not submitted to its product liability insurance carriers any claims with respect to potential product liability of Xxxxxxxx which claims could have a Material Adverse Effect on Xxxxxxxx, nor does it know of any such claims which should have been submitted to its product liability insurance carriers. Buyer has previously been afforded access to all files containing, or been furnished with copies of, all pleadings, claims, complaints and relevant documents in connection with the foregoing. Neither Xxxxxxxx nor, to Lawrence's Knowledge, any employee or agent of Xxxxxxxx, has made any untrue statement of a material fact or omitted to state a material fact in connection with obtaining or renewing any insurance policy providing product liability coverage in respect of the products of Xxxxxxxx which could reasonably result in the loss of any material portion of such coverage, and Xxxxxxxx has not received any written or oral notice from any insurance company stating that any insurance policy of Xxxxxxxx may not provide coverage up to the limits of such policy for any liability, loss or damage which may be incurred or suffered by Xxxxxxxx in connection with product liability claims other than the possible lack of coverage for punitive damages and claims for deductible amounts.
Product Liability Matters. Exhibit 7.13.1, as from time to time hereafter supplemented in accordance with Sections 6.4.1 and 6.4.2, sets forth a listing and description of all products liability claims, actions, suits or proceedings pending or threatened in writing against the Company or any Subsidiary.
Product Liability Matters. 7.13.2. Antitrust.............................................. 7.13.3. Consumer Protection.................................... 7.13.4. Future Expenditures.................................... 7.14. Transactions with Affiliates.................................... 7.15.
Product Liability Matters. Any product liability claim made by a customer relating to products invoiced by Seller shall be the sole responsibility of Seller unless the Buyer has subsequently improperly serviced such products and Seller shall indemnify and hold harmless Buyer with respect to any such product liability claims. Any product liability claim made by a customer relating to products invoiced by Buyer or improperly serviced by the Buyer subsequent to the Closing Date shall be the sole responsibility of Buyer and Buyer shall indemnify and hold harmless Seller with respect to any such product liability claims.
Product Liability Matters. (a) For purposes of this Section, the following terms shall have the following definitions:
Product Liability Matters. 17 Section 3.15 Customers.............................................17 Section 3.16
Product Liability Matters. Except as set forth on Schedule 3.14, as of the date hereof, there are no Proceedings pending or, to the knowledge of the Seller, threatened against the Seller involving any product of the Business which assert the existence of any hazard or defect in the manufacture, design, materials or workmanship of such products.
Product Liability Matters. 27 5.10 Checks and Drafts. . . . . . . . . . . . . . . . . .27 5.11
