Retained Insurance Policies definition

Retained Insurance Policies means all casualty, fire, liability and any other insurance policies held in the name of Parent or any other member of Parent Group primarily related to the Retained Business or held in the name of the Retained Entities and any agreements related to or in connection with such policies.

Retained Insurance Policies means the Insurance Policies identified on the memorandum exchanged between the parties to this Insurance Matters Agreement entitled “Listing of Retained Insurance Policies.”

Retained Insurance Policies. Should there be any damage resulting in a property or first party claim, and the repair or restoration of the Property is not complete prior to the Closing Date, Seller shall assign the insurance proceeds under the applicable Insurance Policies to the Purchaser to the extent of the property damage if and as required under Section 10.2 below. Seller agrees to be party to the negotiation of any property claims settlement for a loss that occurs prior to the Closing Date, if required by the applicable insurer.

Examples of Retained Insurance Policies in a sentence

• New NGC shall use reasonable best efforts to provide HII the benefit of the Retained Insurance Policies for occurrences, losses, circumstances and other acts or events occurring prior to the Distribution.

• NGC shall use reasonable best efforts to obtain written confirmation from its insurance broker that the Retained Insurance Policies may be assigned to New NGC and its Subsidiaries and Affiliates and shall use reasonable best efforts to obtain any necessary consents identified by its insurance broker to assign the Retained Insurance Policies.

• With regards to the Retained Insurance Policies only, the parties shall use their best efforts to cooperate with one another to maximize the total recovery in the event of any future settlement or other disposition of the liabilities of any insurance company, which shall become insolvent or otherwise seek to avail itself of any scheme of arrangement or bankruptcy proceeding.

• New NGC shall promptly notify HII if New NGC receives notice from any insurance carrier that NGC does not have the right to provide HII with the benefits of the Retained Insurance Policies.

• Notwithstanding the foregoing, Purchaser shall not assume or be obligated to pay, perform, or discharge any of Sellers obligations retained with respect to the Retained Agreements or the Retained Insurance Policies (except as otherwise expressly set forth in Section 6.5), retained pursuant to Section 7.3 hereof or any liabilities or obligations of Seller unrelated to the Property.

More Definitions of Retained Insurance Policies

Retained Insurance Policies has the meaning ascribed thereto in Clause 16.6;

Retained Insurance Policies as defined in Section 2.02(a)(x) of the Agreement.

Retained Insurance Policies shall have the collective meaning ascribed to the defined terms “Policies” in the Fixed Life and Annuity Business Coinsurance Agreement, the Variable Annuity Business Coinsurance and Modified Coinsurance Agreement and the Variable Universal Life Business Coinsurance and Modified Coinsurance Agreement.

Retained Insurance Policies is defined in Section 6.9(a).

Retained Insurance Policies means those insurance policies set forth on Schedule L.

Retained Insurance Policies has the meaning set forth in this Section 1 under Excluded Assts above.

Retained Insurance Policies means any Third-Party Insurance Policy other than the Emerald Insurance Policies, which, for the avoidance of doubt, shall include the Exxxxxx Placed FM Global Insurance Policies as held on the date hereof.