R&W Insurance Policy. Buyer has received a written commitment from the R&W Insurer to fully bind the R&W Insurance Policy effective as of the Closing Date. Buyer represents and warrants to Seller that it has provided a true and correct copy of such commitment to Seller that is in full force and effect prior to the Execution Date. The Parties acknowledge that obtaining such commitment and the R&W Insurance Policy is a material inducement to each of the Parties’ entering into the Transaction, and that Seller is relying on Buyer’s covenants and obligations set forth in this Section 4.9. Notwithstanding the foregoing, for the avoidance of doubt, Buyer acknowledges and agrees that obtaining the R&W Insurance Policy is not a condition to the Closing and Buyer shall remain obligated, subject only to the satisfaction or waiver of the conditions set forth in Article VI of this Agreement, to consummate the Transaction.
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Samples: Asset Purchase Agreement (Unisys Corp), Asset Purchase Agreement (Science Applications International Corp)
R&W Insurance Policy. Buyer Xxxxx has received a written commitment from the R&W Insurer to fully bind the R&W Insurance Policy effective as of the Closing Date. Buyer represents and warrants to Seller that it has provided a true and correct copy of such commitment to Seller that is in full force and effect prior to the Execution Date. The Parties acknowledge that obtaining such commitment and the R&W Insurance Policy is a material inducement to each of the Parties’ entering into the Transaction, and that Seller is relying on Buyer’s covenants and obligations set forth in this Section 4.9. Notwithstanding the foregoing, for the avoidance of doubt, Buyer Xxxxx acknowledges and agrees that obtaining the R&W Insurance Policy is not a condition to the Closing and Buyer shall remain obligated, subject only to the satisfaction or waiver of the conditions set forth in Article VI of this Agreement, to consummate the Transaction.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Unisys Corp), Asset Purchase Agreement (Science Applications International Corp)
R&W Insurance Policy. The Buyer has received a written commitment from the R&W Insurer to fully bind the R&W Insurance Policy effective as of the Closing Date. The Buyer represents and warrants to the Seller that it has provided a true and correct copy of such commitment to the Seller that is in full force and effect prior to the Execution Datedate hereof. The Parties parties hereto acknowledge that obtaining such commitment and the R&W Insurance Policy is a material inducement to each of the Partiesparties’ entering into the Transactiontransactions contemplated by this Agreement, and that the Seller is relying on the Buyer’s covenants and obligations set forth in this Section 4.95.11. Notwithstanding the foregoing, for the avoidance of doubt, Buyer acknowledges the parties acknowledge and agrees agree that the obtaining of the R&W Insurance Policy is not a condition to the Closing and the Buyer shall remain obligated, subject only to the satisfaction or waiver of the conditions set forth in Article VI Article VIII of this Agreement, to consummate the Transactiontransactions contemplated by this Agreement.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (Clearway Energy, Inc.)
R&W Insurance Policy. Buyer has received a written commitment from the R&W Insurer to fully bind the R&W Insurance Policy effective as of the Closing Date. Buyer represents and warrants to Seller that it has provided a true and correct copy of such commitment to Seller that is in full force and effect prior to the Execution Datedate hereof. The Parties parties hereto acknowledge that obtaining such commitment and the R&W Insurance Policy is a material inducement to each of the Partiesparties’ entering into the Transactiontransactions contemplated by this Agreement, and that Seller is relying on Buyer’s covenants and obligations set forth in this Section 4.95.6. Notwithstanding the foregoing, for the avoidance of doubt, the Buyer acknowledges and agrees that the obtaining of the R&W Insurance Policy is not a condition to the Closing and Buyer shall remain obligated, subject only to the satisfaction or waiver of the conditions set forth in Article VI of this Agreement, to consummate the TransactionClosing.
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R&W Insurance Policy. The Buyer has received a written commitment from the R&W Insurer to fully bind the R&W Insurance Policy effective as of the Closing Date. The Buyer represents and warrants to Seller that it has provided a true and correct copy of such commitment to Seller that is in full force and effect TreeHouse prior to the Execution Datedate hereof. The Parties parties hereto acknowledge that obtaining such commitment and the R&W Insurance Policy is a material inducement to each of the Partiesparties’ entering into the Transactiontransactions contemplated by this Agreement, and that Seller TreeHouse is relying on the Buyer’s covenants and obligations set forth in this Section 4.9. Notwithstanding the foregoing, for the avoidance of doubt, the Buyer acknowledges and agrees that the obtaining of the R&W Insurance Policy is not a condition to the Closing and the Buyer shall remain obligated, subject only to the satisfaction or waiver of the conditions set forth in Article VI of this AgreementVII, to consummate the Transactiontransactions contemplated by this Agreement.
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