Definition of Post-Closing Policy

  1. Post-Closing Policy means (x) a policy issued by the Company or any Subsidiary on or after the Closing Date upon renewal of a Covered Policy, where such renewal is required under Applicable Law, or (y) a policy issued by the Company or any Subsidiary, other than policies of the type set forth in (x), required under Applicable Law to be issued; provided, that a policy issued upon any renewal not required under Applicable Law, and any other policy issued by the Company or any Subsidiary not required under Applicable Law to be issued, may be included in this definition of "Post-Closing Policy" upon the prior written consent of Sierra and the Seller, which consent may be given or withheld in their sole discretion.