Examples of Kimball Electronics Group in a sentence
Each member of the Kimball Electronics Group, as appropriate, shall be responsible for all administrative and financial matters relating to the Policies established and maintained by the members of the Kimball Electronics Group for claims relating to any period at or after the Effective Time involving any member of the Kimball Electronics Group.
Immediately prior to the Distribution, Kimball International will contribute to Kimball Electronics an amount of cash and cash equivalents so that, as of the Distribution, the members of the Kimball Electronics Group will have, in the aggregate, an amount of cash and cash equivalents equal to at least sixty-three million ($63 million).
All cash and cash equivalents held by a member of the Kimball Electronics Group as of the Effective Time will be a Kimball Electronics Asset and all cash and cash equivalents held by any member of the Kimball International Group as of the Effective Time will be a Kimball International Asset.
Nothing in the Exhibits or Schedules constitutes an admission of any liability or obligation of any member of the Kimball International Group or the Kimball Electronics Group or any of their respective Affiliates to any third party, nor, with respect to any third party, an admission against the interests of any member of the Kimball International Group or the Kimball Electronics Group or any of their respective Affiliates.
No member of either the Kimball International Group or the Kimball Electronics Group, as applicable, will bear any Liability for the failure of an insurer to pay any claim under any Shared Policy.
Commencing as of the Effective Time, Kimball Electronics shall be responsible for establishing and maintaining a separate insurance program with commercially reasonable limits, deductibles, self-retentions for activities and claims involving any member of the Kimball Electronics Group.
It is understood that Claims-Made Policies may not provide coverage to the members of the Kimball Electronics Group or the Kimball International Group, as applicable, for incidents occurring prior to the Effective Time but asserted with the insurance carrier after the Effective Time.
Kimball Electronics or one or more members of the Kimball Electronics Group shall own (i) all Policies established in contemplation of the Distribution to cover only the Kimball Electronics Group after the Effective Time and (ii) the Policies listed on Schedule 9.1(b) (collectively, the “Kimball Electronics Policies”).
Kimball Electronics or one or more members of the Kimball Electronics Group shall own (i) all Policies established in contemplation of the Distribution to cover only the Kimball Electronics Group after the Effective Time and (ii) the Policies listed on S chedule 9.1(b) (collectively, the “Kimball Electronics Policies”).
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