Common use of Policies and Rights Included Within Assets Clause in Contracts

Policies and Rights Included Within Assets. (a) Xxxxxxx International or one or more members of the Xxxxxxx International Group shall continue to own all Company Policies which were or are in effect at any time at or prior to the Effective Time (other than the Xxxxxxx Electronics Policies). Subject to the provisions of this 44 Agreement, (i) the Xxxxxxx International Group shall retain all of their respective rights, benefits and privileges, if any, under the Company Policies and (ii) coverage of the Xxxxxxx Electronics Group under the Company Policies shall cease as of the Effective Time with respect to all injuries, losses, liabilities, damages and expenses to the extent suffered by one or more members of the Xxxxxxx Electronics Group in connection with , relating to, arising out of or due to, directly or indirectly, any event or occurrence at or after the Effective Time. Nothing contained herein shall be construed to be an attempted assignment of or a change to any part of the ownership of the Company Policies or shall be construed to waive any right or remedy of any member of the Xxxxxxx International Group in respect thereof. Not provision of this Agreement is intended to relieve any insurer of any Liability under any policy.

Policies and Rights Included Within Assets. (a) Xxxxxxx International or one or more members of the Xxxxxxx International Group shall continue to own all Company Policies which were or are in effect at any time at or prior to the Effective Time (other than the Xxxxxxx Electronics Policies). Subject to the provisions of this 44 Agreement, (i) the Xxxxxxx International Group shall retain all of their respective rights, benefits and privileges, if any, under the Company Policies and (ii) coverage of the Xxxxxxx Electronics Group under the Company Policies shall cease as of the Effective Time with respect to all injuries, losses, liabilities, damages and expenses to the extent suffered by one or more members of the Xxxxxxx Electronics Group in connection with , relating to, arising out of or due to, directly or indirectly, any event or occurrence at or after the Effective Time. Nothing contained herein shall be construed to be an attempted assignment of or a change to any part of the ownership of the Company Policies or shall be construed to waive any right or remedy of any member of the Xxxxxxx International Group in respect thereof. Not provision of this Agreement is intended to relieve any insurer of any Liability under any policy.