Examples of R&W Insurance Policy in a sentence
Notwithstanding the foregoing, the insurer(s) under the R&W Insurance Policy and its/their agents, advisors and other Representatives will be permitted to consult with any party in the defense of any Third-Party Claim that may reasonably constitute a “Loss” or similar concept under the R&W Insurance Policy.
Pxxxxxxxx has received an executed copy of the binder agreement for the R&W Insurance Policy from the R&W Insurer, which is effective as of the date of this Agreement.
Section VIII.B.(i) of the form R&W Insurance Policy provided to Seller pursuant to Section 5.11 shall not be amended in any way that would be adverse to Seller or any of its Affiliates or Related Parties without Seller’s prior written consent.
The Parties acknowledge that obtaining the R&W Insurance Policy is a material inducement to each of the Parties’ entering into the Transactions, and that Seller is relying on Purchaser’s representations, warranties, covenants and agreements set forth in this Section 5.11 and in Section 7.6. Notwithstanding the foregoing, for the avoidance of doubt, Pxxxxxxxx acknowledges and agrees that the obtaining of the R&W Insurance Policy is not a condition to the Closing.
Purchaser shall cause the R&W Insurance Policy to be conditionally bound as of the date hereof.