Warranty and Indemnity Insurance. Notwithstanding any provision to the contrary in this Agreement:
Warranty and Indemnity Insurance. 9.1 The Parties agree and acknowledge that the Purchaser shall obtain the W&I Insurance Policy for the benefit of the Purchaser to cover Losses arising from any Claim for breach of the Warranties. The Parties have agreed to the limitations of liability of the Seller on the terms of this Agreement, including Schedule 3 (Limitations on Liability).
Warranty and Indemnity Insurance. 26.1 It is recorded that the Purchaser has obtained or will obtain, in terms of the Insurance Policy, warranty and indemnity insurance in respect of any Warranty and Indemnity Claims.
Warranty and Indemnity Insurance. The Sellers have disclosed to the Purchaser the existence and terms of any warranty and indemnity insurance cover (or similar protection) relating to the sale of the Shares.
Warranty and Indemnity Insurance. 11.1 The Purchaser shall deliver a copy of the W&I Policy to the Seller as soon as practicable (and in any event within one (1) Business Days) after Completion. The Purchaser shall not, without the prior written consent of the Guarantor’s Representative (such consent not to be unreasonably withheld, delayed or conditioned), amend, modify or otherwise change, terminate or waive any provision of the W&I Policy: (a) in any manner that would increase or expand the ability or rights of the W&I Insurer under such policy to bring any action against, or otherwise seek recourse from the Seller or any Guarantor; (b) that would result in an increased retention or deductible under the W&I Policy; or (c) that would otherwise be adverse in any material respect to the Seller or the Guarantors.
Warranty and Indemnity Insurance. The parties agree and acknowledge that:
Warranty and Indemnity Insurance. 9.1 The parties acknowledge that the Buyer will have taken out insurance cover with New Hampshire Insurance Company by the Completion Date. It is acknowledged that the insurance premium will be £100,000 and the excess on the policy will be £100,000 (“Excess”).
Warranty and Indemnity Insurance. Notwithstanding any provision to the contrary in this deed:
Warranty and Indemnity Insurance. 11.1 The Buyer shall not be required to take (or fail to take), or to procure that any Buyer Group Company takes (or fails to take), any action under paragraphs 5, 6, 8 or 9 that:
Warranty and Indemnity Insurance. 30.1 The Purchaser has obtained or will obtain, in terms of the Insurance Policy, warranty and indemnity insurance in respect of any Purchaser Warranty and Indemnity Claims and the Parties will share the total cost of insurance under such Policy on the basis that the Purchaser on the one hand and Adumo on the other hand will bear an equal share of such costs, subject to an aggregate maximum amount in respect of Adumo's contribution of R1,897,950.
