Binder Agreement definition

Binder Agreement means the Binder Agreement dated as of the date of this Agreement between the Buyer and the Insurer pursuant to which the Insurer has committed, subject to the satisfaction of the conditions set forth therein, to issue the R&W Insurance Policy to the Buyer as of the Closing Date.

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Binder Agreement has the meaning given to it in Section 6.16.

Binder Agreement means an agreement contemplated in section 48A of the Act;

Examples of Binder Agreement in a sentence

• Seller acknowledges that a true and correct draft of the Binder Agreement was provided to Seller on or prior to the date of this Agreement.

• From and after the Closing, to the extent requested in writing, each Seller shall, and shall cause its respective Affiliates to use good faith efforts to reasonably cooperate with Buyer and its Affiliates in connection with (a) any claim made by Buyer under the R&W Insurance Policy, and (b) any additional diligence information required to address and remove any conditional exclusions under the R&W Insurance Policy or conditions set forth in the Binder Agreement.

• Purchaser shall bear, and shall timely pay (or cause to be timely paid), 100% of the RWI Policy Costs in accordance with the terms of the Binder Agreement and the RWI Policy.

• Purchaser shall ensure that the R&W Policy comes into effect as of the Closing in accordance with the terms of the R&W Policy Binder Agreement and thereafter remains in full force and effect in accordance with its terms.

• Purchaser shall cause the RWI Policy to be bound and remain in full force and effect as of the Closing, and use good faith, commercially reasonable efforts from and after the Closing to cause the RWI Policy to remain in full force and effect, in each case in accordance with the terms and conditions set forth in the Binder Agreement and the RWI Policy.

More Definitions of Binder Agreement

Binder Agreement means the Binder Agreements dated as of the date of this Agreement between the Purchaser and the R&W Insurers pursuant to which the R&W Insurers have committed, subject to the satisfaction of the conditions set forth therein, to issue the R&W Insurance Policies to the Purchaser.

Binder Agreement means the Binder Agreement Number 14363199 issued by Chartis to the Buyer.

Binder Agreement means the Binder Agreement, dated as of the date hereof, between the Underwriting Representative and Buyer.

Binder Agreement has the meaning given to that term in the Recitals to this Agreement.

Binder Agreement shall have the meaning set forth in Section 6.18(a).

Binder Agreement means an agreement contemplated in ;

Binder Agreement means the agreement to bind the Purchaser R&W Insurance Policy issued on the date hereof.