Retained Policies definition

Retained Policies has the meaning set forth in Section 6.09(b).

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Retained Policies means any and all policies of insurance as in effect on the Closing Date, whether or not covering the assets or operations of the Subject Companies, that are or have been maintained or managed through the Seller, including general liability (including products/completed operations), property, automobile liability, excess liability, director’s and officer’s, and workers’ compensation/employer’s liability insurance.

Examples of Retained Policies in a sentence

Getty shall have the right but not the obligation to pay the premiums, to the extent that Marketing does not pay premiums with respect to Marketing Liabilities (retrospectively-rated or otherwise), with respect to Shared Policies and the Retained Policies, as required under the terms and conditions of the respective Policies, whereupon Marketing shall forthwith reimburse Getty for that portion of such premiums paid by Getty as are attributable to the Marketing Liabilities.
On the first Business Day of each month, Parent will invoice the MLP for its portion of the premiums for the Retained Policies in accordance with Parent’s past practices for allocating premiums between Parent and the MLP prior to the date of this Agreement, and the MLP shall pay to Parent such amounts no later than three (3) Business Days after receipt of such invoice.
From and after the Distribution Date, Insurance Proceeds received with respect to claims, costs and expenses under the Retained Policies and Eastern Policies shall be paid, as appropriate, to the Covered Person to which such Insurance Proceeds are due pursuant to the terms of such Policies.
The Purchaser shall be responsible for any deductibles for claims made after the Closing Date under the Retained Policies with respect to the Subject Companies and the Retail Business.
From and after the Distribution Time, Tenneco shall be solely responsible for Claims Administration and Insurance Administration with respect to the Retained Policies and Eastern Policies including, without limitation, the administration of all ▇▇▇▇▇▇▇▇ associated with the Retained Policies by the insurance carriers thereunder.

More Definitions of Retained Policies

Retained Policies means the Policies identified on SCHEDULE D hereto, together with all other current and past primary, workers' compensation, automobile liability and general liability (including products liability) Policies showing Tenneco, any other member of the Energy Group or any of their respective predecessors (or such entity and its subsidiaries and/or affiliates) as the insured party and which are cost plus, fronting, high deductible or retrospective premium programs but excluding the Eastern Policies. "SHIPBUILDING" shall mean, when unqualified, the Shipbuilding Assets, Shipbuilding Liabilities, Prior Shipbuilding Businesses and/or Shipbuilding Business. "SHIPBUILDING ASSETS" shall have the meaning set forth in the Distribution Agreement. "SHIPBUILDING BUSINESS" shall have the meaning set forth in the Distribution Agreement. "SHIPBUILDING COVERED PERSON" shall mean each member of the Shipbuilding Group and any other Person, in each case to the extent any Policy addressed herein purports to provide insurance coverage in respect of any claims, suits, actions, proceedings, injuries, losses, liabilities, occurrences, damages or expenses incurred by such Person arising out of, in connection with or otherwise related to Shipbuilding. "SHIPBUILDING EXCLUSIVE POLICIES" shall mean all current and past Policies which show Shipbuilding Company, any other member of the Shipbuilding Group or any of their respective predecessors (or such entity and its subsidiaries and/or affiliates) as the named insured and do not purport to relate to Energy or Industrial or to cover any Energy Covered Person or Industrial Covered Person, but excluding any Retained Policy. "SHIPBUILDING GROUP" shall have the meaning set forth in the Distribution Agreement. "SHIPBUILDING LIABILITIES" shall have the meaning set forth in the Distribution Agreement. "SUBSIDIARY" shall have the meaning set forth in the Distribution Agreement. "TENNECO EXCLUSIVE POLICIES" shall mean all current and past Policies, including but not limited to the current Policies set forth on SCHEDULE E hereto, which show Tenneco, any other member of the Energy Group or any of their respective predecessors (or such entity and its subsidiaries and/or affiliates) as the named insured and do not purport to relate to Shipbuilding or Industrial or to cover any Shipbuilding Covered Person or Industrial Covered Person, excluding (i) any directors' and officers' liability policies which are or were maintained by or on behalf of Tenneco, and...

Retained Policies means all Insurance Contracts that are subject to the Retained Business Reinsurance Agreement.

Retained Policies. All Policies, current or past, which are owned or maintained by or on behalf of Stac (or any of its predecessors) which relate to the Retained Business but do not relate to the Hi/fn Business.

Retained Policies has the meaning set forth in Section 3.05.

Retained Policies. All Policies, current or past, that are owned or maintained by or on behalf of any member of the Getty Group (or any of its predecessors) which relate to the Retained Business but do not relate to the Marketing Business. Retained Subsidiaries: All Subsidiaries of Getty, except Marketing and the Marketing Subsidiaries. Retained USTs: The USTs that, pursuant to Section 7.6 of the Master Lease, are retained by Getty after the Distribution Date.

Retained Policies means the insurance policies that will be jointly maintained for the Primary Contributed Companies and Affiliates of the Company (including the Ancillary Business Entities) following the Closing Date. The Retained Policies are set forth on Schedule 9.1(d) hereto under the heading “Retained Policies”.

Retained Policies. All Policies, current or past, which are owned or maintained by or on behalf of PEI (or any of its predecessors) which relate to the Retained Business but do not relate to the PriceSmart Business.