MM Insurance Policies definition
Examples of MM Insurance Policies in a sentence
Neither MM nor its Affiliates have received any written notice that any carrier under such MM Insurance Policies is financially insolvent.
All premiums due on such MM Insurance Policies have either been paid or, if due and payable prior to Closing, will be paid prior to Closing in accordance with the payment terms of each MM Insurance Policy.
All such MM Insurance Policies (x) are valid and binding in accordance with their terms (y) to the Knowledge of MM, are provided by carriers who are financially solvent; and (z) have not been subject to any lapse in coverage.
To the Knowledge of MedMen, there are no circumstances which would reasonably be expected to lead to the insurers avoiding any material liability under any of the MM Insurance Policies.
Such MM Insurance Policies are in full force and effect and shall remain in full force and effect following the consummation of the Transaction.
The MM Insurance Policies are of the type and in the amounts customarily carried by Persons conducting a business similar to MM, its subsidiaries and the Contributed Assets and are sufficient for compliance, in all material respects, with all applicable Laws and Contracts to which MM, its subsidiaries or the Contributed Assets are a party or by which they are bound.