Examples of Transferred Business in a sentence
Transferred Business When we are appointed to service insurance policies other than at their inception or renewal and which were originally arranged by another party, we shall not be liable during the current insurance period for any loss arising from any errors or omissions or gaps in your insurance cover or advice not supplied by us.
Transferred Business Where we are appointed to service insurance policies, other than at their inception or renewal, and which were originally arranged via another party, we shall not be liable during the current insurance period for any loss arising from any errors or omissions or gaps in your insurance cover or advice not provided by us.
Any judgement, settlement, order or award obtained by or against the Transferor to the extent that it is in connection with any part of the Transferred Business and which is not fully satisfied before the Effective Date shall, on and with effect from the Effective Date, become enforceable by or against the Transferee to the exclusion of the Transferor.
Seller shall not authorize or enter into any agreement or commitment with respect to obtaining any such authorizations, approvals, consents, novations or waivers or curing any such violation or breach that would impose an additional obligation or burden on the Transferred Business without Buyer’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed).
It is expected that the risk profile of LGL would be largely unchanged if the LGL EEA Creditor Policies were to remain within LGL; however the overall level of risk within LGL would be reduced since the LGL Transferred Business would no longer reside within LGL.