Examples of Seller Insurance Policy in a sentence
Nothing in this Section 6.14 affects rights of the Buyer Indemnified Parties to be indemnified under Section 8.3. This Agreement shall not be construed to waive any right or remedy of any member of Seller Group in respect of any Seller Insurance Policy.
Supporting material will be distributed only to Board members.In the event the attending individual has questions, the DCFS Director and Board Chair will make themselves available upon adjournment of the meeting to discuss/clarify the matter.
All premiums due on such Seller Insurance Policies have either been paid or, if due and payable prior to Closing, will be paid prior to Closing in accordance with the payment terms of each Seller Insurance Policy.
To the knowledge of the Seller, none of Seller or any of its Affiliates (including either Company) is in default under, or has otherwise failed to comply with, in any material respect, any provision contained in any such Seller Insurance Policy.
The Seller is not in material default with respect to any provision contained in any such Seller Insurance Policy and has not failed to give any notice or present any claim under any such Seller Insurance Policy in due and timely fashion.
Notwithstanding anything herein to the contrary, the Sellers shall retain any rights to, including any right to any proceeds received in respect of, any claim pending as of the date hereof or made after the date hereof under any Seller Insurance Policy.
The Purchaser shall not be liable under this Clause 7.1.1 to the extent that the Seller has a right of recovery under any Seller Insurance Policy and fails to pay the proceeds actually recovered by the Seller to the Purchaser pursuant to and in accordance with Clause 13.2.
Seller has not received a written notice or, to the Knowledge of Seller, verbal notice that could reasonably be expected to be followed by a written notice of cancellation or non-renewal of any Seller Insurance Policy.
Seller has not, during the past three (3) years, (a) had any policy of insurance revoked or rescinded by a carrier, (b) failed to give any notice or present any claim under any insurance policy in due and timely fashion or (c) received written notice that a carrier has denied, disputed or reserved its rights with respect to coverage under any Seller Insurance Policy.
It shall be a condition of Closing that Buyer shall be added as an additional insured under the Seller Insurance Policy; provided, however, Buyer shall remain liable for and shall indemnify, defend and hold Seller harmless from and against any and all loss, cost, damage or expense relating to or arising in connection with any and all self insured retention amounts or deductible amounts payable under or otherwise payable in connection with any claim made under the Seller Insurance Policy.