Examples of Acquired Company Policies in a sentence
BUSINESS DAY means a day on which banks are open for general banking business in Melbourne (not being a Saturday, Sunday or public holiday in that place).
There are no Actions related to the Acquired Companies’ or Subsidiaries’ business pending under any of the Acquired Company Policies in respect of which there is an outstanding reservation of rights.
In no event shall any modification of the above Agreement, whether or not done with the consent of or on notice to any of the aforesaid guarantors, release any of those guarantors from this Guaranty or diminish their liability hereunder.
The Acquired Company Policies are of the type and are in amounts commercially reasonable in connection with the Acquired Companies’ and Subsidiaries’ business as currently conducted and are sufficient for compliance in all material respects with applicable Law and with Contracts to which the Acquired Companies and Subsidiaries are party or by which they are bound.
The Acquired Company Policies do not provide for any retrospective premium adjustment or other experience-based liability on the part of any of the Acquired Companies or the Subsidiaries.
Excluding insurance policies that have expired and been replaced in the Ordinary Course of Business, no insurance policy held by any Acquired Company or Subsidiary has been cancelled by the insurer within the last two (2) years and no Acquired Company or Subsidiary has received any notice of cancellation of, premium increase with respect to, or alteration of coverage under any of the Acquired Company Policies during such period.
All premiums due and payable under the Acquired Company Policies have been paid in a timely manner.
Buyer will, and will cause its Affiliates (including the Acquired Companies) to, forward promptly by check to Seller any and all return premiums received by Buyer or any of its Affiliates (including the Acquired Companies) after the Effective Time relating to (i) the Seller Policies or (ii) with respect to periods prior to the Effective Time, the Acquired Company Policies.