Acquisition Clause Sample Clauses

Acquisition Clause. If during the Period of Insurance the Insured acquires or creates any new office branch subsidiary or Associated Company either directly or through one of its subsidiaries cover shall automatically apply from such date of acquisition or creation (provided either the wage roll or number of Insured Persons or travel pattern does not increase by more than 20% of the estimate provided at inception or renewal) at no additional charge Otherwise the Insurer will agree to provide cover from the date of creation or acquisition for a period of 30 days during which time the Insured shall provide any additional information and pay any additional premium as may be reasonably required by the Insurer Associated Companies Where this Policy covers associated companies a list of these companies shall be provided to the Insurer Cancellation of Terrorism or War Risks Cover The Insurer may cancel any insurance provided by this Policy against War or Terrorism by giving 7 days notice to the Insured at the Insured’s last known registered address The insurance in respect of any journey involving travel outside the Insured Person’s Country of Residence which commences before the expiry of such notice shall not be affected Consumer Credit Termination Clause Where the Insurer has agreed to the Insured paying their premium by monthly instalments then in the event that there is a default in instalments due under the payment schedule the Insurer reserves the right to terminate the Policy and the Insured will no longer be insured by the Insurer If the Insured’s monthly premium payment has a Fixed Sum Loan Agreement regulated by The Consumer Credit Act 2006 then this shall be deemed to be a linked loan agreement In the event that there is a default in the instalments due under the payment schedule the Insurer reserves the right to also terminate that linked loan agreement Fair Presentation of the Risk The Insurer is keen to work in partnership with the Insured Person and avoid any misunderstandings. The Insured Person must make a fair presentation of the risk to the Insurer at inception, renewal and variation of the policy. Should the Insured Person be in any doubt as to whether information should be presented to the Insurer, they must;
Sample 1
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Acquisition Clause. If during the Period of Insurance the Insured acquires or creates any new office, branch, subsidiary or Associated Company either directly or through one of its subsidiaries cover shall automatically apply from such date of acquisition or creation (provided either the wage roll or number of Insured Persons or travel pattern does not increase by more than 20% of the estimate provided at inception or renewal) at no additional charge. Otherwise the Insurer will agree to provide cover from the date of creation or acquisition for a period of 30 days during which time the Insured shall provide any additional information and pay any additional premium as may be reasonably required by the Insurer. Associated Companies Where this Policy covers associated companies a list of these companies shall be provided to the Insurer. Cancellation of Terrorism or War Risks Cover The Insurer may cancel any insurance provided by this Policy against War or Terrorism by giving 7 days’ notice to the Insured at the Insured’s last known registered address. The insurance in respect of any journey involving travel outside the Insured Person’s Country of Residence which commences before the expiry of such notice shall not be affected.
Sample 1Sample 2
Acquisition Clause. This Coverage Form covers to a maximum of $10,000 additional items of contractor's tools & equipment acquired by the Insured as owner, subject to notice to this Insurer within 30 days from date of acquisition and payment of pro rata premium hereunder from such date.
Sample 1Sample 2
Acquisition Clause. Should Customer acquire another airline or assets from another airline where Customer is the surviving entity, and as a result of such acquisition or merger Customer’s future RPBs are reasonably expected to increase by more than ***** per annum, the parties agree to meet within ***** following the completion *****
Sample 1

Related to Acquisition Clause

  • Integration Clause Except for documents and instruments specifically referenced herein, this Agreement constitutes the entire agreement between Bank and Borrower regarding the Loan and all prior communications verbal or written between Borrower and Bank shall be of no further effect or evidentiary value.

  • TERMINATION CLAUSE In the event Contractor fails to carry out or comply with any of the terms and conditions of this Agreement, Hastings reserves the right to demand correction of any breach or default within ten (10) calendar days of notice to Contractor. In the event Contractor fails to correct the failure or default within the specified ten (10) day period, Hastings may terminate the Agreement without additional notice. Failure to terminate this Agreement is not to be deemed a waiver of the breach or default. Upon termination, Hastings shall compensate Contractor for Work rendered within thirty (30) days of termination of this Agreement.

  • RECOGNITION CLAUSE The Employer agrees to recognize the Union as the exclusive bargaining agent for all employees in the bargaining units as so certified by the Public Employment Relations Commission (PERC) for the purpose of establishing wages, hours and conditions of employment. If PERC certifies the Union as the exclusive representative during the term of this Agreement for a bargaining unit in general government, the terms of this Agreement apply.

  • Merger Clause This Agreement, including the Exhibits attached hereto and incorporated herein by reference, constitutes the sole Agreement of the parties hereto and correctly states the rights, duties, and obligations of each party as of this document's date. In the event that any term, condition, provision, requirement or specification set forth in this body of the agreement conflicts with or is inconsistent with any term, condition, provision, requirement or specification in any exhibit and/or attachment to this agreement, the provisions of this body of the agreement shall prevail. Any prior agreement, promises, negotiations, or representations between the parties not expressly stated in this document are not binding. All subsequent modifications shall be in writing and signed by the parties.

  • DURATION CLAUSE A. This Agreement shall govern the rights of the Board and the Association from July 1, 2021, through June 30, 2022. This Agreement shall not be extended orally and it is expressly understood that it shall expire on the date indicated.

  • MANAGEMENT CLAUSE Except as modified by this Agreement, the Employer retains all rights of management, which, in addition to all powers, duties, and rights established by constitutional provision or statute, will include but not limited to, the right to:

  • CERTIFICATION CLAUSES The CONTRACTOR CERTIFICATION CLAUSES contained in the document CCC 04/2017 are hereby incorporated by reference and made a part of this Agreement by this reference as if attached hereto.

  • Cancellation Clause Your insurance contract may include a cancellation clause giving you the right to cancel your policy. If you decide to cancel your policy in accordance with any timeframes stipulated in your policy, and subject to not having made or intimated a claim, you may be entitled to a refund of premium paid. Please note our commission and, where appropriate fees, are fully earned from the date the policy commences and will not be refundable. If you fail to pay your premium to us by the due date, we reserve the right to instruct insurers to cancel your policy.

  • Liberalization Clause If we make a change which broadens coverage under this edition of our policy without additional premium charge, that change will automatically apply to your insurance as of the date we implement the change in your state, provided that this implementation date falls within 60 days prior to or during the policy period stated in the Declarations. This Liberalization Clause does not apply to changes implemented through introduction of a subsequent edition of our policy.

  • WAIVER CLAUSE The parties acknowledge that during negotiations which resulted in this Agreement each had the unlimited right and opportunity to make demands and proposals with respect to any subject or matter not removed by law from the area of collective bargaining, and that the understandings and agreements arrived at by the parties after the exercise of that right and opportunity are set forth in this Agreement. Therefore, the Board and the Union for the life of this Agreement each voluntarily and unqualifiedly waives the right, and agrees that the other shall not be obliged to bargain collectively with respect to any subject or matter not specifically referred to or covered in this Agreement, unless mutually agreed, even though such subject or matter may not have been within the knowledge or contemplation of either or both parties at the time that they negotiated or signed this Agreement.

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