Examples of Subject Insurance Policies in a sentence
The Buyer acknowledges and agrees that, following the Closing, any Subject Insurance Policies shall be terminated or modified to exclude coverage of all or any portion of the Relevant Assets or Acquired Companies by the Seller or any of its Affiliates, and, as a result, the Buyer shall be obligated at or before Closing to obtain at its sole cost and expense replacement insurance, including insurance required by any third party to be maintained for or by the Relevant Assets or the Acquired Companies.
GATX also warrants that it presently knows of no other claims or potential claims under the Subject Insurance Policies arising out of conversions of any aircraft by GATX other than those specifically referenced above.
Nor shall this Agreement or any provision hereof be construed as a waiver, modification or retraction of the positions of the Parties with respect to the interpretation and application of the Subject Insurance Policies.
It is the intention of GATX to reserve no rights or benefits whatsoever under or in connection with the Subject Insurance Policies with respect to any past, present or future Claims (as defined) and to assure the settling London Market Insurers their peace and freedom from such Claims and from all assertions of rights in connection with such Claims.
This Agreement is intended to be and is a compromise between the Parties and shall not be construed as an admission of coverage under the Subject Insurance Policies.