Parent Policies definition

Parent Policies shall have the meaning set forth in Section 5.1(b).

Parent Policies means all Policies, current or past, that are owned or maintained by or on behalf of Parent or any Parent Subsidiary that do not provide coverage to or with respect to the SpinCo Assets or the SpinCo Business, or any part thereof, including those Policies set forth on Schedule 1.1(uu).

Parent Policies means those Insurance Policies in effect at any time prior to the Effective Time, where the first or primary named insured is or was a member of the Parent Group. A partial listing of such policies, not intended to be comprehensive and for illustration only, is set forth on Schedule 5(a).

Examples of Parent Policies in a sentence

• To the extent that the Parent Group or the UpstreamCo Group is allocated more than its pro rata portion of such reinstatement premium due to the timing of losses submitted to and paid by the issuers of the Parent Policies, UpstreamCo or Parent, respectively, shall promptly pay the other party an amount so that each Group has been properly allocated its pro rata portion of the reinstatement premium.

• With respect to such UpstreamCo claim for coverage of an UpstreamCo Liability under the Parent Policies, (A) UpstreamCo shall provide to Parent contemporaneous copies of any such notifications, tenders, submissions and communications and (B) UpstreamCo shall have the right to notify, tender to, submit to, communicate with, and receive Insurance Proceeds from the issuers of the Parent Policies.

• Arlo further acknowledges and agrees that, from and after the Insurance Termination Time, neither Arlo nor any member of the Arlo Group shall have any rights to or under any Parent Policies other than as expressly provided in this Section 6.8(b).

• As of the Agreement Date, neither Parent nor any of its Subsidiaries is in material breach or default, and neither Parent nor any of its Subsidiaries has taken any action or failed to take any action that, with notice or the lapse of time, would constitute such a breach or default, or permit termination or material modification, of any of the Parent Policies.

• Nothing contained herein shall be construed to be an attempted assignment of or a change to any part of the ownership of the Parent Policies or shall be construed to waive any right or remedy of any member of the Parent Group in respect thereof.

More Definitions of Parent Policies

Parent Policies means those Insurance Policies in effect at any time prior to the Effective Time (a) where the first or primary named insured is or was a member of the Parent Group (including any predecessor entity of a member of the Parent Group) or (b) that were issued under global programs of Parent. A partial listing of such Insurance Policies, not intended to be comprehensive and for illustration only, is set forth on Schedule 1.5.

Parent Policies means the Policies of Parent or any other member of the Parent Group in place immediately or at any time prior to the Effective Time.

Parent Policies has the meaning set forth in Section 4.16.

Parent Policies means policies, practices or procedures (whether written or unwritten) maintained by Parent or its Subsidiaries.

Parent Policies has the meaning set forth in Section 7.02.

Parent Policies means all Policies, other than the Cbanc Policies, entered prior to or as of the Effective Time, which are between or among Parent or Q2 and one or more Third Parties, that benefit either or both the Q2 Business and the Cbanc Business.

Parent Policies has the meaning set forth in Section 3.1(t);