Common use of Business Insurance Clause in Contracts

Business Insurance. The Transaction Entities and their respective subsidiaries carry or are entitled to the benefits of insurance, by recognized and reputable insurers, in such amounts and covering such risks as are commercially reasonable in the business in which the Company is engaged, and all such insurance is in full force and effect. Neither of the Transaction Entities has any reason to believe that it or any of their respective subsidiaries will not be able to (A) renew, if desired, its existing insurance coverage as and when such policies expire or (B) obtain similar coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not, singly or in the aggregate, reasonably be expected to result in a Material Adverse Effect. There are no claims by the Transaction Entities nor any of their respective subsidiaries under any insurance policy as to which any insurance company has denied liability or insurance coverage, except where such denial would not simply or in the aggregate, result in a Material Adverse Effect.

Business Insurance. The Transaction Entities and their respective subsidiaries the Subsidiaries carry or are entitled to the benefits of insurance, by recognized with financially sound and reputable insurers, in such amounts and covering such risks as are commercially reasonable is generally maintained by companies of established repute engaged in the business in which the Company is engagedsame or similar business, and all such insurance is in full force and effect. Neither of the The Transaction Entities has any have no reason to believe that it they or any of their respective subsidiaries the Subsidiaries will not be able to (A) renew, if desired, its existing insurance coverage as and when such policies expire or (B) obtain similar comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not, singly or in the aggregate, reasonably be expected to result in a Material Adverse Effect. There are no claims by Neither the Transaction Entities nor any of their respective subsidiaries under the Subsidiaries has been denied any insurance policy as to coverage which any insurance company has denied liability they have sought or insurance coverage, except where such denial would not simply or in the aggregate, result in a Material Adverse Effectfor which they have applied.