Expired Policies definition

Expired Policies means those IFS Policies that have expired, terminated, lapsed or matured prior to the Effective Date and under which:
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Expired Policies means Subject Policies written by the Renewal Rights Sellers prior to the Closing Date that are no longer in-force as of the Closing Date.
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Expired Policies shall have the meaning ascribed thereto in Section 2.17.
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Examples of Expired Policies in a sentence

  • The Expired Policies so itemized and subject to this Agreement shall include only those Expired Policies as to which, at the Effective Date, Interboro carries any reserve, or under which there then is, or later comes to be, a reported or open claim, a coverage dispute, or any pending or expressly threatened litigation, or as to which there then is or later comes to be any other known contingent or additional liability.

  • All such Insurance Policies (other than, for the avoidance of doubt, any Expired Policies) (a) are in full force and effect and enforceable in accordance with their terms, (b) are provided by carriers who are financially solvent, and (c) have not been subject to any lapse in coverage, in each case, except as would not reasonably be expected to be material to the Business, taken as a whole.

  • The Expired Policies so itemized and subject to this Agreement shall include only those Expired Policies as to which, at the Effective Date, Maidstone carries any reserve, or under which there then is, or later comes to be, a reported or open claim, a coverage dispute, or any pending or expressly threatened litigation, or as to which there then is or later comes to be any other known contingent or additional liability.


More Definitions of Expired Policies

Expired Policies shall have the meaning set forth in the Purchase Agreement.
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