POLICYHOLDERS. SCHEDULE 3.22 sets forth all of the policyholders (the "Policyholders") that have policies of insurance for which the Company is currently receiving a commission or has received a commission on or after July 1, 1995. Except as disclosed to Purchaser in writing, the Company is currently the agent of record for each of the Policyholders. After the Closing Date, Purchaser shall have an unconditional right with respect to each Policyholder to engage in the solicitation, quotation and sale of ▇▇▇▇▇ Insurance Company's policies of workers' compensation insurance (and ancillary services related thereto) and ▇▇▇▇▇ Assurance Company's policies of accident and health and life insurance (and ancillary services related thereto) without any restriction or limitation of any kind. No person or entity has any right (whether pursuant to any agreement or understanding or otherwise), pursuant to an agreement between the Company and such person or entity, to preclude or limit the solicitation, quotation or sale of ▇▇▇▇▇ Insurance Company's policies of workers' compensation insurance (and ancillary services related thereto) and ▇▇▇▇▇ Assurance Company's policies of accident and health and life insurance (and ancillary services related thereto) by Purchaser to any Policyholders after the Closing Date. After the Closing Date, Purchaser will be entitled to the goodwill and renewal rights with respect to each of the Policyholders, without any restriction or limitation of any kind. Except as disclosed in writing to Purchaser, none of the Company nor any of the Shareholders has any actual knowledge that any of the Policyholders will not purchase insurance issued by ▇▇▇▇▇ Insurance Company or ▇▇▇▇▇ Assurance Company and sold by Purchaser.
Appears in 1 contract
POLICYHOLDERS. SCHEDULE 3.22 sets forth all of the policyholders (the "Policyholders") that have policies of insurance for which the Company is currently receiving a commission or has received a commission on or after July January 1, 19951994. Except as disclosed to Purchaser in writing, the Company is currently the agent of record for each of the Policyholders. After the Closing Date, Purchaser shall have an unconditional right with respect to each Policyholder to engage in the solicitation, quotation and sale of ▇▇▇▇▇ Insurance Company's policies of workers' compensation insurance (and ancillary services related thereto) and ▇▇▇▇▇ Assurance Company's policies of accident and health and life insurance (and ancillary services related thereto) without any restriction or limitation of any kind. No person or entity has any right (whether pursuant to any agreement or understanding or otherwise), pursuant to an agreement between the Company and such person or entity, to preclude or limit the solicitation, quotation or sale of ▇▇▇▇▇ Insurance Company's policies of workers' compensation insurance (and ancillary services related thereto) and ▇▇▇▇▇ Assurance Company's policies of accident and health and life insurance (and ancillary services related thereto) by Purchaser to any Policyholders after the Closing Date. After the Closing Date, Purchaser will be entitled to the goodwill and renewal rights with respect to each of the Policyholders, without any restriction or limitation of any kind. Except as disclosed in writing to Purchaser, none of the Company nor any of the Shareholders has any actual knowledge that any of the Policyholders will not purchase insurance issued by ▇▇▇▇▇ Insurance Company or ▇▇▇▇▇ Assurance Company and sold by Purchaser.
Appears in 1 contract