Insurance Matter definition
Examples of Insurance Matter in a sentence
Purchaser shall notify Seller Parent promptly of any such Insurance Matter for which it seeks coverage and Purchaser and Seller Parent shall keep each reasonably informed regarding the status of the Insurance Matter.
The Acquiror shall notify the Company promptly of any such Pre-Closing Insurance Matter for which it seeks coverage on behalf of the Business and each party shall keep the other fully informed regarding the status of the Pre-Closing Insurance Matter.
The Acquiror and its Affiliates shall be solely responsible for (i) any deductibles or self-insured retentions with respect to such Pre-Closing Insurance Matter, (ii) any out-of-pocket costs and expenses of the Company or its Subsidiaries (including reasonable attorneys’ fees) with respect to such Pre-Closing Insurance Matter that are not covered under the relevant Corporate Policy and (iii) any collateral requirements with respect to such Pre-Closing Insurance Matter.
To the extent the Company or its Subsidiaries, as applicable, have claims under any Corporate Policy and such claims (along with any other claims previously made under the relevant Corporate Policy), together with the claims for any Pre-Closing Insurance Matter, would exceed the maximum coverage available under such Corporate Policy, the claims of the Company and its Subsidiaries shall take precedence over the Pre-Closing Insurance Matter.
The Purchaser and its Affiliates shall be solely responsible for (i) any deductibles, premiums, co-payments, similar cost-sharing payments or self-insured retentions with respect to such Pre-Closing Insurance Matter and (ii) any out-of-pocket costs and expenses of the Company or its Subsidiaries (including reasonable attorneys’ fees) with respect to such Pre-Closing Insurance Matter that are not covered under the relevant Company Insurance Policy.
Buyer shall (i) promptly reimburse Seller and its Subsidiaries for all out-of-pocket expenses incurred by Seller or its Subsidiaries in connection with such Insurance Matter and (ii) be solely responsible for any per claim deductible or per claim self-insured retentions with respect to such Insurance Matter under such policies and programs except to the extent Buyer is entitled to indemnification pursuant to Article VIII.
The Purchaser shall notify the Company promptly of any such Pre-Closing Insurance Matter for which it seeks coverage on behalf of the Purchased Assets and Assumed Liabilities and each party shall keep the other fully informed regarding the status of the Pre-Closing Insurance Matter.
The Company and Seller shall cooperate in connection with making claims with respect to such Insurance Matter, and each party shall provide the other with all reasonably requested information necessary for Seller to make such claim with respect to such Insurance Matter.
Promptly after the Closing, to the extent permitted in accordance with the terms and conditions of Seller’s or its Subsidiaries’ existing insurance policies, Seller shall have Buyer and the Company named as additional insureds under such insurance policies with respect to any Insurance Matter.
Parent shall notify Holdings promptly of any such Insurance Matter for which Parent or Purchasers, as applicable, seek coverage under an Insurance Policy and shall keep Holdings fully informed regarding the status of the Insurance Matter.