R&W Policy definition
Examples of R&W Policy in a sentence
With respect to claims by the Buyer Indemnified Parties for Losses pursuant to Section 8.2(a), the Buyer Indemnified Parties shall first seek recovery from the R&W Policy (to the extent available) prior to seeking recovery from Seller.
The Parties acknowledge and agree that, Buyer shall timely pay, or cause to be paid, all costs and expenses related to the R&W Policy, including the total premium, underwriting costs, Taxes, brokerage commission, and other fees and expenses of such policy.
Notwithstanding the foregoing, nothing contained in this Section 8.5 shall restrict or prohibit any Buyer Indemnified Party from making and pursuing any claim under the R&W Policy.
For purposes of clarification and avoidance of doubt, this Section 8.1 shall not affect the time periods during which Buyer may make a claim in the event of Fraud and shall not otherwise affect the time periods during which Buyer may make a claim under, or otherwise limit any claim made by Buyer under, the R&W Policy.
From and after the issuance of the R&W Policy, Buyer shall not amend, modify, terminate, or waive any subrogation terms of the R&W Policy in a manner adverse to Seller, any of its Affiliates or any of their respective Representatives, including any rights of the insurer to subrogate or seek recovery from Seller, any of its Affiliates or any of their respective Representatives.