Common use of Insurance; Risk of Loss Clause in Contracts

Insurance; Risk of Loss. To the extent that any insurance policies owned or controlled by Sellers (collectively, the "Sellers Insurance Policies") (i) cover any Damages as to which the Purchaser Indemnified Parties are entitled to indemnification under Section 9.1 or 9.2 of this Agreement and (ii) permit claims to be made thereunder with respect to such Damages ("Sellers Claims"), Sellers shall cooperate, and shall cause their Affiliates to cooperate, with Purchaser in submitting Sellers Claims (or pursuing Sellers Claims previously made) on behalf of Purchaser under the Sellers Insurance Policies. Purchaser shall bear the out-of-pocket expenses of Sellers and their respective Affiliates in the preparing, submitting or pursuing of such Sellers Claims.

Appears in 4 contracts

Samples: Asset Purchase Agreement (PLM Equipment Growth Fund V), Asset Purchase Agreement (PLM Equipment Growth & Income Fund Vii), Asset Purchase Agreement (PLM Equipment Growth Fund Vi)

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Insurance; Risk of Loss. To the extent that any insurance policies owned or controlled by Sellers Seller (collectively, the "Sellers Seller's Insurance Policies") (i) cover any Damages as to which the Purchaser Indemnified Parties are entitled to indemnification under Section 9.1 10.1 or 9.2 10.2 of this Agreement and (ii) permit claims to be made thereunder with respect to such Damages ("Sellers Seller Claims"), Sellers Seller shall cooperate, and shall cause their its Affiliates to cooperate, with Purchaser in submitting Sellers Seller Claims (or pursuing Sellers Seller Claims previously made) on behalf of Purchaser under the Sellers Seller's Insurance Policies. Purchaser shall bear the out-of-pocket expenses of Sellers Seller and their its respective Affiliates in the preparing, submitting or pursuing of such Sellers Seller Claims.

Appears in 1 contract

Samples: Asset Purchase Agreement (Comdisco Holding Co Inc)

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