Haul Insurance definition
Examples of Haul Insurance in a sentence
Haul Insurance has taken the appropriate measures (through reinsurance and other appropriate means) to reduce the insurance risk and exposure relating to such third party insurance to an amount not in excess of the capital provided to support such activities.
Haul Insurance has no assets or liabilities other than those associated with the provision of insurance and related services.
Haul Insurance shall take appropriate measures (through reinsurance and other appropriate means) to reduce the insurance risk and exposure relating to such third party insurance to an amount not in excess of the capital provided to support such activities.
Such policies of insurance (to the extent applicable) are maintained with financially sound and reputable insurance companies (which may include Haul Insurance), funds or underwriters and are of the kinds, cover such risks and are in such amounts, with such deductibles and exclusions, as are consistent with the general practices of businesses engaged in similar activities.
The insurance and related services of Haul Insurance not provided for the benefit of the Parent or its Subsidiaries are provided to third parties and the insurance premiums charged and collected with respect thereto are segregated from any cash or other assets of the Parent and its other Subsidiaries.
The insurance and related services of Haul Insurance not provided for the benefit of Borrowers or their Subsidiaries shall be provided to third parties and the insurance premiums charged and collected with respect thereto shall be segregated from any cash or other assets of Borrowers and their other Subsidiaries.
Haul Insurance has no assets or liabilities other than those associated with the provision of insurance and services related thereto, and does not conduct and is not engaged in any business activities other than such business and activities as they relate to the provision of insurance and services related thereto substantially all of which insurance and related services are provided for the benefit of the Parent or its Subsidiaries.
Haul Insurance shall have no assets or liabilities other than those associated with the provision of insurance and services related thereto, and shall not conduct and or engage in any business activities other than such business and activities as they relate to the provision of insurance and services related thereto substantially all of which insurance and related services are provided for the benefit of Holdings or their Subsidiaries.
The Lenders and the Agents hereby acknowledge and agree that as of the Closing Date Haul Insurance is an acceptable provider of workers’ compensation and comprehensive general and auto liability insurance for the Credit Parties.
Haul Insurance has no assets or liabilities other than those associated with the provision of insurance and services related thereto, and does not conduct and is not engaged in any business activities other than such business and activities as they relate to the provision of insurance and services related thereto substantially all of which insurance and related services are provided for the benefit of Borrowers or their Subsidiaries.