Specified Insurance Policies definition

Specified Insurance Policies means the insurance policies set forth on Schedule 2.1(l) of the Disclosure Letter, it being agreed that the Purchaser may, in its sole and absolute discretion, amend or revise Schedule 2.1(l) of the Disclosure Letter setting forth the Specified Insurance Policies in order to add thereto any OCIP Policy (as defined in Schedule 4.1(p) of the Disclosure Letter) at any time on or prior to the date that is five Business Days before the Auction.
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Specified Insurance Policies means the insurance policies set forth on Section 1.1(h) of the Disclosure Schedules .
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Specified Insurance Policies means all insurance policies of Seller and its Affiliates relating to product liability, product defects, product recalls and personal injury as of the date of this Agreement, including policies providing excess coverage thereto.
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Examples of Specified Insurance Policies in a sentence

  • Seller shall reasonably cooperate with Buyer and the Target Group in making Insurance Claims on, securing insurance coverage under and recovering claim benefits from such Specified Insurance Policies and shall not terminate any such Specified Insurance Policies prior to the expiration of their current terms in a manner that would prevent Buyer or the members of the Target Group from recovering thereunder pursuant to the terms of this Section 6.11.

  • The Corporation has ----------------------------------------------- purchased, and has continued to pay the premiums for, one or more term life insurance policies upon the life of Shareholder, as identified on Exhibit A --------- attached hereto (the "Specified Insurance Policies"), which insurance provides that upon the death of Shareholder the proceeds of such policy or policies shall be paid to the Corporation.

  • Seller agrees that, between the date hereof and the Closing Date, Seller shall, and shall cause its Subsidiaries to, maintain any of Specified Insurance Policies in effect as of the date hereof that would cover claims of product liability, product warranty, product recall, product defect and personal injury (other than any failure to maintain such Specified Insurance Policies as a result of an action taken by the insurer outside of the control of Seller or its Subsidiaries).

  • All material insurance policies maintained by the Company or any of its Subsidiaries, including the Specified Insurance Policies (collectively, the “Company Insurance Policies”), are in full force and effect and all premiums due with respect to all such insurance policies have been paid, and neither the Company nor its Subsidiaries have received written notice of default, cancellation, non-renewal or termination (other than in connection with normal renewals) of any such Company Insurance Policies.

  • With respect to any Claims under the Specified Insurance Policies that now or in the future relate to or arise out of occurrences prior to or at the Closing (an “Insurance Claim”), Buyer and the members of the Target Group shall have access to, may make claims on, may seek coverage under or claim benefits from, in each case, the Specified Insurance Policies on the terms and conditions of such Specified Insurance Policies.

  • Each of the SKM Parties and Jacobs shall use reasonable endeavours to make sure that the conditions precedent in clauses 3.1(b) (Regulatory Approval), 3.1(e) (Restraints), 3.1(l) (Specified Insurance Policies) and 3.1(q) (Founder Share) are satisfied by 8.00 am on the Second Court Date.

  • The conditions precedent in clauses 3.1(b) (Regulatory Approval), 3.1(e) (Restraints), 3.1(l) (Specified Insurance Policies) and 3.1(q) (Founder Share) are for the benefit of SKMM and Jacobs and can only be waived by both SKMM and Jacobs.

  • As of immediately following the Closing, the Emerald Entities shall have the right to assert claims (including continuing to assert existing and pending claims) under the Insurance Policies set forth on Section 3.20(c) (the “Specified Insurance Policies”) for any loss, liability or damage arising out of insured incidents relating to the Business, in accordance with the terms of such Specified Insurance Policies.

  • Each of the Company, the Buyer and each Shareholder agrees not to terminate any of the Specified Insurance Policies.

  • Seller shall, and shall cause its Affiliates to, (a) reasonably cooperate in submitting Insurance Claims on behalf of the Target Group under the Specified Insurance Policies and (b) to pay promptly over to Buyer or a member of the Target Group any and all amounts received by Seller or its Affiliates under the Specified Insurance Policies with respect to Insurance Claims.


More Definitions of Specified Insurance Policies

Specified Insurance Policies means the insurance policies set forth on Section 1.1(h) of the Disclosure Schedules.
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Specified Insurance Policies shall have the meaning set forth in Section 5.30(d).
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Specified Insurance Policies is defined in Section 6.11.
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Related to Specified Insurance Policies

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Qualified Insurer A mortgage guaranty insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and approved as an insurer by Xxxxxx Xxx or Xxxxxxx Mac.

  • Blanket insurance policy means a group policy covering a defined class of

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Reimbursement insurance policy means a policy of insurance

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about 11 June 2010 and addressed to, and capable of being relied upon by, the Finance Parties.