Examples of Target Insurance Policies in a sentence
Each of the Target Insurance Policies is in full force and effect, no premiums due and payable thereon are delinquent, and, to the Knowledge of Target, neither Target nor any of its Subsidiaries has done or omitted to do or suffered to be done anything that has rendered or might render any of the Target Insurance Policies void or voidable or that would cause or allow any claims under any of the Target Insurance Policies to be denied.
Target and each of its Subsidiaries has materially complied with all provisions of the Target Insurance Policies.
There are no pending claims by Target or any of its Subsidiaries against any of the Target Insurance Policies or under any other insurance policy previously maintained by Target or any of its Subsidiaries as to which the insurers have denied Liability.
Neither Target nor any of its Subsidiaries has received any written notice or, to the Knowledge of Target, other communication that would cause Target to reasonably believe that it will not be able to continue to maintain any of the Target Insurance Policies.
Neither Target nor any of its Subsidiaries has received a written notice of default under any of the Target Insurance Policies or received written notice of any pending or threatened termination or cancellation, coverage limitation or reduction, or material premium increase with respect to any of the Target Insurance Policies.
None of the Target Insurance Policies provides for or is subject to any currently enforceable retroactive rate or premium adjustment or loss sharing arrangement arising wholly or partially out of events arising prior to the date hereof.
Section 4.17 of Target Company’s Disclosure Letter sets forth a true and complete list of each Target Insurance Policy, specifying the insurer and type of insurance, which Target Insurance Policies are reasonably adequate and customary for the type and scope of the business, properties and assets of the Target Company and the Transferred Subsidiary as currently conducted.
Target has not made any claims under the Target Insurance Policies for which it has been denied coverage.
All of the Target Insurance Policies are in full force and effect and, since the Applicable Date, all insurance premiums due thereon have been paid in full when due, except as would not be material to the Target Business.
Target has provided to Parent accurate and complete --------- copies of all fire and casualty, general liability, business interruption, product liability, and sprinkler and water damage insurance policies maintained by Target (collectively, "Target Insurance Policies").