Examples of Representations and Warranties Insurance Policy in a sentence
The Company agrees to pay the non-refundable deposit and the premium payable under, and in accordance with the terms of, that certain Representations and Warranties Insurance Policy, effective on the date of this Agreement, between The Reliance Insurance Company of Illinois, as Insurer, and the insured named therein.
Notwithstanding anything in this Agreement to the contrary, (a) no limitations (including the limitations set forth in this Article XI), qualifications or procedures in this Agreement shall be deemed to apply to any claim for Losses under the Representations and Warranties Insurance Policy and (b) nothing herein shall prevent Parent or any Affiliate thereof from making any claim under the Representations and Warranties Insurance Policy.
After the Closing, the indemnification provisions of this Article XI, including recovery against the Indemnification Escrow Fund and the Representations and Warranties Insurance Policy, will provide the sole and exclusive remedy for any breach of any representation, warranty, covenant or obligation or other claim arising out of this Agreement or the transaction contemplated hereby, except for claims based on Fraud or intentional misrepresentation.
At or prior to the Closing, Buyer shall cause [***] (the “R&W Insurer”) to effectuate the Buyer-Side Representations and Warranties Insurance Policy, bound by the R&W Insurer on the Signing Date, having terms and conditions as set forth in the Binder Agreement dated on or around the Signing Date and attached hereto as Exhibit G, with policy number [***] (as may be amended, modified or supplemented from time to time in accordance with this Agreement) (the “R&W Insurance Policy”).
Notwithstanding the foregoing, the Representations and Warranties Insurance Policy shall include a waiver of subrogation clause pursuant to which the insurer agrees not to pursue any subrogation rights against the Indemnifying Party, except in the event of Fraud.