Insurance Policies definition
Examples of Insurance Policies in a sentence
If Protalix has care, custody or control of Pfizer property or inventory, Protalix shall be responsible for any loss or damage to it, and provide all risk property coverage included within the Protalix Insurance Policies at full replacement cost for same.
Protalix shall provide, pay for, and maintain in effect, the Protalix Insurance Policies with a minimum “A-” A.M. Bests rating or S&P minimum of BBB or their substantial equivalent (in the case of such policies in Israel, to the extent such ratings or substantial equivalents are available).
Except for employers’ liability and property insurance policies, Protalix will add Pfizer and its Affiliates on all such Protalix Insurance Policies as additional insureds with respect to liability incurred by Pfizer or its Affiliates arising from any acts or omissions of Protalix, and Protalix will require that the property insurance policy included in the Protalix Insurance Policies include a waiver of subrogation in favor of Pfizer and its Affiliates.
Any Parent Group Entity may, to be effective at the Closing, amend any Insurance Policies in the manner they deem appropriate to give effect to this Section 5.10(a) provided that the Parent Group will not take any action the primary purposes of which is to cause the Business or the Transferred Entity, the Business, the Business Assets or the Business Liabilities to no longer be eligible for coverage under the Specified Insurance Policies with respect to Pre-Closing Occurrences.
Except for workers compensation/employers’ liability, Pfizer will add Protalix and its Affiliates, as additional insureds, and Pfizer will require that the Pfizer Insurance Policies provide a waiver of subrogation in favor of Protalix and its Affiliates.