Purchaser Insurance. (a) Schedule 3.22(a) lists all insurance policies (by policy number, insurer, coverage period, coverage amount, annual premium and type of policy) held by the Purchaser or any of its Subsidiaries relating to the Purchaser or its Subsidiaries or their respective businesses, properties, assets, directors, officers and employees, copies of which have been provided to the Seller. All premiums due and payable under all such insurance policies have been timely paid and the Purchaser and it Subsidiaries are otherwise in material compliance with the terms of such insurance policies. Each such insurance policy (i) is legal, valid, binding, enforceable and in full force and effect and (ii) will continue to be legal, valid, binding, enforceable, and in full force and effect on identical terms following the Closing. Neither the Purchaser nor any Subsidiary has any self-insurance or co-insurance programs. Since January 1, 2020, neither the Purchaser nor any Subsidiary has received any notice from, or on behalf of, any insurance carrier relating to or involving any adverse change or any change other than in the ordinary course of business, in the conditions of insurance, any refusal to issue an insurance policy or non-renewal of a policy.
(b) Schedule 3.22(b) identifies each individual insurance claim in excess of $50,000 made by the Purchaser or any Subsidiary since January 1, 2020. Each of the Purchaser and its Subsidiaries has reported to its insurers all claims and pending circumstances that would reasonably be expected to result in a claim, except where such failure to report such a claim would not be reasonably likely to be material to the Purchaser and its Subsidiaries. To the Knowledge of the Purchaser, no event has occurred, and no condition or circumstance exists, that would reasonably be expected to (with or without notice or lapse of time) give rise to or serve as a basis for the denial of any such insurance claim. Neither the Purchaser nor any of its Subsidiaries has made any claim against an insurance policy as to which the insurer is denying coverage.
Purchaser Insurance. Purchaser shall carry and maintain or cause to be carried and maintained, at all times during the Term of this Agreement, insurance coverage with limits as set forth in this Section.
Purchaser Insurance. Purchaser hereby covenants and agrees that it will maintain the types of insurance coverage in at least the amounts and at least at the levels required to be maintained by Sellers under the Assumed Contracts in the calendar year immediately preceding the Closing.
Purchaser Insurance. The Purchaser may, at its sole discretion, effect and pay for any insurance policy to cover losses due to delay in start-up (or more commonly known as advance loss of profit policies).
Purchaser Insurance. Notwithstanding any provision of this Agreement to the contrary, each of Purchaser, any of its Affiliates or any of their respective officers, directors, employees, stockholders (or security or rights holders), agents, representatives, heirs, successors and assigns under this Agreement may enter into insurance policies or any other Contract or purchase or otherwise acquire any financial instruments to indemnify Purchaser, any of its Affiliates and/or any of their respective officers, directors, employees, stockholders (or security or rights holders), agents, representatives, heirs, successors and assigns under this Agreement from any liabilities, contingent or otherwise, arising from or related to the transactions contemplated by this Agreement. Notwithstanding any provision of this Agreement to the contrary, including Section 9.11.2, the parties agree that no benefit from such insurance policies, Contracts or financial instruments shall inure to the benefit of ABB or any of its Affiliates (except for the Acquired Group).
Purchaser Insurance. The Purchaser shall use reasonable commercial efforts to purchase and carry business interruption insurance covering Purchaser's business operations, unless Purchaser is not legally able to maintain business interruption insurance and shall purchase and carry insurance covering Purchaser's obligations pursuant to Section 50 hereof. All policies of insurance shall be written by insurance companies authorized to do business in the State and shall provide that no change of coverage shall be effected unless at least thirty (30) days' prior notice is given to the Authority. Certified copies of all replacement policies shall be delivered to the Authority not less than thirty (30) days prior to the expiration of any coverage. The "Authority" shall be named as an "Additional Insured" on all public liability insurance policies maintained by the Purchaser for Purchaser's Interconnection System and any other facilities of the Purchaser located on the System, on all business interruption insurance and all insurance covering Purchaser's obligations pursuant to Section 50 hereof. The proceeds of business interruption insurance shall be payable directly to the Authority to the extent of the Purchaser's obligations to purchase water
Purchaser Insurance. 35 6.05 Excluded Proceeds............................................................................. 36
Purchaser Insurance. At Closing, Purchaser agrees to, and agrees to cause the Company and the Subsidiaries to, add Royal Numico, Seller and each Transferee as additional insureds on all product liability insurance policies maintained by or for the benefit of the Company and the Subsidiaries (and their respective successors-in-interest) and thereafter maintain Royal Numico, Seller and each Transferee as additional insureds thereunder for a period of five years after the Closing Date; provided, that Seller reimburses Purchaser for the cost, if any, of adding such additional insureds and Seller agrees not to file any claim thereunder with respect to any Excluded Litigation. Upon request from time to time by Seller, Purchaser shall furnish Seller with reasonable evidence of Purchaser's compliance with this Section 6.04.
Purchaser Insurance. For a period of three years after the Closing Date, the Purchaser shall maintain insurance for product liability for the products of the Companies at substantially the same as for other medical device products of the Purchaser.
Purchaser Insurance. Purchaser shall maintain the following insurance coverages in full force and effect throughout the Term: (a) Workers Compensation Insurance with coverage limits in accordance with Applicable Law and (b) Commercial General Liability Insurance with coverage limits of not less than $2,000,000 general aggregate, $1,000,000 per occurrence. Purchaser may satisfy the Purchaser’s insurance obligations by policies of insurance issued by a commercial insurer or through a Joint Powers Authority to which the Purchaser is a member.
