Examples of Purchaser R&W Insurance Policy in a sentence
Notwithstanding the foregoing, the Purchaser Indemnitees shall not be required to pay over to the Seller any amounts recovered pursuant to the Purchaser R&W Insurance Policy, unless such amounts are duplicative of amounts paid by the Seller with respect to any Purchaser Indemnification Claim.
Prior to or in connection with the Closing, the Seller shall pay the applicable Purchaser R&W Insurance Provider the remaining premiums necessary for the issuance of the Purchaser R&W Insurance Policy up to a maximum of $2,500,000 (inclusive of the underwriting fee and premiums paid to bind the policy), with any excess over such amount to be paid directly by the Purchaser.
Following the Closing Date, the Purchaser shall not amend or modify the Purchaser R&W Insurance Policy in any manner that would adversely affect the Seller.
The Purchaser shall execute and cause to be executed all certifications attached to the Purchaser R&W Insurance Policy or otherwise as may be reasonably required by the Purchaser R&W Insurance Provider.
Not more than five Business Days after the date of this Agreement, the Seller shall pay to the applicable Purchaser R&W Insurance Provider the underwriting fee and premiums necessary to bind the Purchaser R&W Insurance Policy.
Purchaser has delivered to Seller a true, accurate and complete copy of the binder agreement for the Purchaser R&W Insurance Policy and the form of the Purchaser R&W Insurance Policy.
The binder agreement for the Purchaser R&W Insurance Policy is in full force and effect and is a legal, valid, binding and enforceable obligation of Purchaser, and to the knowledge of Purchaser, the insurer(s) party thereto, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium and other Laws affecting creditors’ rights generally and except insofar as the availability of equitable remedies may be limited by applicable Law.
Each Purchaser Indemnification Claim shall be made only in accordance with this Article IX, Section 2.3, and the Escrow Agreement provided that Purchaser shall have the ability to pursue the recovery of Losses in excess of the Escrow Fund from the Purchaser R&W Insurance Policy in accordance with the procedures and subject to the limitations set forth therein.
Purchaser shall have the ability to pursue the recovery of Losses in excess of the Escrow Fund from the Purchaser R&W Insurance Policy in accordance with the procedures and subject to the limitations set forth therein.
The Modrow Law, it is worth mentioning, had lifted all restrictions on the disposal of land acquired under the land reform, whereupon those in possession of the land became its legitimate owners.