Examples of Seller Corporate Policies in a sentence
In furtherance and not in limitation of the foregoing, Purchaser agrees not to bring any claim for recovery under any of the Seller Corporate Policies, whether or not Purchaser may be so entitled in accordance with the terms of such Seller Corporate Policies.
In furtherance and not in limitation of the foregoing, Purchaser agrees not to and to cause each of its Affiliate not to bring any claim for recovery under any of the Seller Corporate Policies, whether or not such Person may be so entitled in accordance with the terms of such Seller Corporate Policies.
In furtherance and not in limitation of the foregoing, Purchaser agrees not to bring any claim for recovery under any of the Seller Corporate Policies, whether or not Purchaser or any other Person may be so entitled in accordance with the terms of such Seller Corporate Policies.
Purchaser acknowledges that the policies and insurance coverage maintained on behalf of the Business are part of the corporate insurance program maintained by Seller (the "Seller Corporate Policies"), and such coverage will not be available or transferred to Purchaser or any of its Affiliates.
It is understood that Sellers shall be free at their discretion at any time to cancel prospectively or not renew any of the Seller Corporate Policies as to coverage relating to events subsequent to the Closing Date (other than the making of claims with respect to activities that occurred or circumstances that existed on or prior to the Closing Date) so long as such cancellation has no effect on coverage associated with the Business on or prior to the Closing Date.
On the Closing Date, all Seller Corporate Policies that relate exclusively to the Business will be terminated and no Seller Corporate Policy will be available (except for matters arising from activities on or prior to the Closing Date) to Buyer or the Company or transferred to Buyer or the Company at or after the Closing.
Subject to Section 5.16, Purchaser acknowledges that the policies and insurance coverage maintained on behalf of the Company and the Company Subsidiary are part of the corporate insurance program maintained by Seller (the “Seller Corporate Policies”), that Seller will remove the Company and the Company Subsidiary from the Seller Corporate Policies as of the Closing Date, and that such coverage will not be available or transferred to Purchaser or any of its Subsidiaries.
It is understood that Seller shall be free at its discretion at any time to cancel prospectively or not renew any of the Seller Corporate Policies as to coverage relating to events subsequent to the Closing Date or insured risks so long as such cancellation has no effect on coverage associated with the Business prior to the Closing Date.
It is understood that Seller shall be free at its discretion at any time to cancel prospectively or not renew any of the Seller Corporate Policies relating to the Business as to coverage relating to events subsequent to the Closing Date or insured risks so long as such cancellation has no effect on coverage associated with the Business prior to the Closing Date.
In furtherance and not in limitation of the foregoing, Purchaser agrees not to and to cause each Designee and each Affiliate of the foregoing not to bring any claim for recovery under any of the Seller Corporate Policies, whether or not such Person may be so entitled in accordance with the terms of such Seller Corporate Policies.