Examples of Transferred Insurance Policies in a sentence
Each Seller represents to the applicable Buyer that neither such Sale Company, such Asset Sellers nor the Person to whom any Policy has been issued has received notice that any insurer under such Transferred Insurance Policies is denying coverage or defending under a reservation of rights clause.
Parent and its Subsidiaries shall be additional insureds on the Transferred Insurance Policies to the extent indicated in Schedule D-14; PROVIDED that notwithstanding anything herein to the contrary, Holdings and its Subsidiaries shall not have any obligations to process claims on behalf of Parent and its Subsidiaries except to the extent provided under the Mutual Administrative Services Agreement.
The assigned policies and the portions of the partially assigned policies to be assigned and any replacement policies issued to Holdings as a result of a policy which is divided shall be the "Transferred Insurance Policies".
Seller has provided to Buyer summaries of all Transferred Insurance Policies and Seller Insurance Policies.
The Transferred Policy Holder shall not, without the prior written consent of the applicable Transferred Policy Beneficiary, amend, modify or waive any of its rights under the applicable Transferred Insurance Policies to the extent that doing so could reasonably be expected to adversely affect any coverage thereunder of the Transferred Policy Beneficiaries.
Seller and its Affiliates shall retain all right, title and interest in and to the Insurance Policies, other than (i) the Transferred Insurance Policies, including the right to any credit or return of premiums due, paid or payable in connection with the termination thereof and (ii) to the extent set forth in Section 11.04(a).
Schedule 2.22(b) lists all material policies to which Seller and its Affiliates (other than the Transferred Subsidiaries) are parties as of the date of this Agreement, which policies provide occurrence-based coverage (or otherwise provide coverage for the period prior to Closing) for the properties, assets, employees, directors and operations of the Business (such policies, together with the Transferred Insurance Policies, the “Business Insurance Policies”).
With respect to the Transferred Insurance Policies, all such policies are outstanding and in full force and effect and neither the Sale Companies, the Asset Sellers nor the Person to whom any Policy has been issued has received any notice of cancellation or termination in respect of any Policy or is in default thereunder.
Neither the Sale Companies, the Asset Sellers nor the Person to whom any Policy has been issued has received notice that any insurer under such Transferred Insurance Policies is denying coverage or defending under a reservation of rights clause.
Parent and its Subsidiaries shall be additional insureds on the Transferred Insurance Policies to the extent indicated in Schedule D-14; provided that notwithstanding anything herein to the contrary, Holdings and its Subsidiaries shall not have any obligations to process claims on behalf of Parent and its Subsidiaries except to the extent provided under the Mutual Administrative Services Agreement.