Specified Policies definition
Examples of Specified Policies in a sentence
Upon the effectiveness of such cede and assumption, Exhibit A (and, to the extent applicable, Exhibit A-1 and Exhibit A-2) will automatically be amended to include such Specified Policies, and such Specified Policies shall be deemed to be Covered Policies hereunder as of the date of such cession.
Upon the cession of any such Specified Policy, the Parties will make the payments required by Section 8(a)(vi) and, without duplication, with respect to the Specified Third Party Reinsurance and any other Third Party Reinsurance covering the Specified Policies, in each case, that is commuted or recaptured prior to or upon the effectiveness of such cession and assumption, Section 8(a)(v).
Each of the Specified Policies is in full force and effect and no event which constitutes or could, with the passage of time or the giving of notice, reasonably be expected to constitute a default thereunder has occurred and is continuing; provided that this representation and warranty is not required to be true prior to the first Closing Date.
Seller shall purchase and pay in full any premium for a discovery period under the Specified Policies (as such term is defined in Section 9.16).
Parent or the Sellers or any of their respective Affiliates may, to be effective at the Closing, amend any insurance policies (other than the Specified Policies) in the manner it deems appropriate to give effect to this Section 5.10(a).