Excluded Insurance Policies definition

Excluded Insurance Policies has the meaning set forth in Section 2.2(b)(xiii). “Excluded Personal Property” has the meaning set forth in Section 2.2(b)(vi). “Excluded Real Property” has the meaning set forth in Section 2.2(b)(v).

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Excluded Insurance Policies means those insurance policies of the Selling Entities listed on Schedule 1.1(a), all director and officer, fiduciary, employment practices and similar insurance policies maintained by or on behalf of any Selling Entity, all insurance policies to the extent sponsored, maintained by, contributed to or required to be contributed to as a Seller Benefit Plan by any Selling Entity, any Subsidiary of any Selling Entity or any of its or their ERISA Affiliates, and any other insurance policies of the Selling Entities that are not designated as Assumed Contracts pursuant to Section 2.5.

Excluded Insurance Policies means (i) the Isosceles Insurance Ltd. policy number PPLP-01/2019, (ii) the Purdue Insurance Policies agreed by the Debtors, the Creditors’ Committee and the Governmental Consent Parties, which shall be identified in the MDT Agreement, and (iii) any rights or obligations under any Purdue Insurance Policy to the extent, but only to the extent, that such rights or obligations pertain solely to coverage for workers’ compensation liability. For the avoidance of doubt, clause (i) of this definition does not negate or limit the scope of the definition of MDT Insurance Collateral. For the avoidance of further doubt, if a Purdue Insurance Policy both (x) does or may afford the Debtors rights, benefits, indemnity, insurance coverage or defense costs with respect to any Cause of Action against the Debtors arising out of, on account of, or in connection with Opioid-Related Activities or for which the Debtors have insurance rights arising out of or in connection with Opioid-Related Activities and (y) is subject to clause (ii) or (iii) of this definition, such Purdue Insurance Policy is only an Excluded Insurance Policy to the extent it is subject to clause (ii) or (iii) of this definition, and all provisions herein concerning the MDT Insurance Policies apply to that Purdue Insurance Policy.

Examples of Excluded Insurance Policies in a sentence

• There are no PRIAC Excluded Insurance Policies which are not PRIAC Excluded Contracts.

• At Closing, the Insurance policies set forth on Exhibit 4.11 (the “Excluded Insurance Policies”) will be modified to remove each Company as an additional insured party, and any refunds or proceeds resulting from the removal of any Company as an additional insured party under the Excluded Insurance Policies will be retained by Sellers.

• Quiksilver and its Affiliates (other than the Company) shall retain all right, title and interest in and to the Excluded Insurance Policies, including the right to any credit or return premiums due, paid or payable in connection with the termination thereof; provided, however, that to the extent any returned premiums have been paid by the Company, such returned premiums shall belong to Buyer.

• In addition, the Policy Holder shall not be liable for any attorney’s fees, court costs, expert’s or consultant’s fees, or any other costs of defense with respect to any Policy-Covered Loss or under any Excluded Insurance Policies, which in each case shall be the sole responsibility of the Policy Beneficiary.

• All Excluded Insurance Policies issued prior to the Closing Date in the name of or to the Acquired Companies shall remain with Seller or its Affiliates (other than the Acquired Companies).

More Definitions of Excluded Insurance Policies

Excluded Insurance Policies means (x) all of Sellers’ directors and officers insurance policies (including any tail or runoff policy) and (y) any other insurance policy of Sellers that (i) relates solely to the Excluded Assets, (ii) is required to cover claims or expenses in the Chapter 11 Cases or (iii) is required to be retained by Sellers in connection with the Wind-Down Activities.

Excluded Insurance Policies has the meaning set forth in Section 2.2(b)(xiii).

Excluded Insurance Policies any insurance policy maintained by Quiksilver, Seller or any of their Affiliates other than those the premiums of which are paid directly by an Acquired Company.

Excluded Insurance Policies has the meaning set forth in Section 2.2(f).

Excluded Insurance Policies shall have the meaning set forth in Section 2.2.7. Excluded Liabilities shall mean those liabilities that are not included in the transactions contemplated herein and as further defined in Section 2.4. Excluded Litigation shall have the meaning set forth in Section 2.4.3. Execution Date shall have the meaning set forth in the Preamble. Fee Rate means the effective fee rate used in the billing for an investment advisory client’s account with Seller immediately preceding the relevant measurement date. Financial Statements shall have the meaning set forth in Section 6.10(a).

Excluded Insurance Policies has the meaning set forth in Section 5.12. “Excluded Inventory” has the meaning set forth in Section 1.2(q). “Excluded Leases” has the meaning set forth in Section 1.2(p). “Excluded Liabilities” has the meaning set forth in Section 1.4. “Execution Date” has the meaning set forth in the Preamble.

Excluded Insurance Policies means those director and officer, fiduciary, and other insurance policies, if any, listed on Schedule 1.1(c). Each other insurance policy maintained by or on behalf of any Selling Entity shall not be an Excluded Insurance Policy (including any workers’ compensation, employment practices, general liability/products, auto liability, property, casualty, cyber policy or crime, terrorism, and strikes, riots & civil commotion (SRCC)), and each such other insurance policy shall be a Purchased Asset, to the extent transferable, and subject to the covenant set forth in Section 7.16(c).