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. 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.

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.”

Examples of Retained Insurance Policies in a sentence

• Set forth on Schedule 3.02(u)(ii) of the Disclosure Schedule is a complete list of those insurance policies that will remain with the UK Company post-Closing, which insurance policies shall not be considered Retained Insurance Policies (the “UK Policies”).

• 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.

• Effective as of the date of the Internal Reorganization, to the extent not already assigned, transferred, conveyed and delivered prior to such date and subject to Section 2.2 of the Separation Agreement, NGC hereby assigns, transfers, conveys and delivers to New NGC and New NGC hereby accepts and assumes NGC’s rights and obligations in the Retained Insurance Policies.

• HII shall obtain the prior written consent of New NGC, which shall not be unreasonably withheld or delayed, before initiating coverage litigation against any insurer or initiating any legal action against a broker of the Retained Insurance Policies.

• Except as expressly set forth above, the policy period of all Current Retained Insurance Policies shall be deemed to end as to HII as of the Distribution.

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)(xiii) of the Agreement.

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

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

Retained Insurance Policies has the meaning set out in Clause 8.7.2(a);

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

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.