Warranty Insurance Premium definition

Warranty Insurance Premium means the amount of the premium payable under the Warranty Insurance, including all taxes and other charges.
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Warranty Insurance Premium the £60,684 payable in respect of the Warranty Insurance for which the Seller is responsible for paying £58,509 (being the amount required to cover (i) any and all claims under the general Warranties in Part 1 of Schedule 4 up to £3,000,000 and (ii) for any and all claims under the Tax Warranties or the Tax Deed up to £1,000,000) for a period of 12 months from the date of Completion and of which the Buyer is responsible for paying £2,175 (being the increase in the premium resulting from the Buyer’s decision to extend the cover for an additional 12 months beyond the initial 12 month period of cover)
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Examples of Warranty Insurance Premium in a sentence

  • In the event the Company is so able to obtain such Warranty Insurance, the Company shall use its commercially reasonable efforts to bind the Warranty Insurance and pay the Warranty Insurance Premium and deliver to Parent evidence of such payment on or prior to the Closing.

  • At Closing, Buyer shall pay on behalf of the Shareholders, the amount of the insurance premium (the “Representation and Warranty Insurance Premium Amount”) for the Representative and Warranty Insurance Policy, by wire transfer of immediately available funds, to the applicable insurance broker or insurance carrier as instructed in writing by the Shareholders’ Representative prior to the Closing.

  • In the event that the Warranty Insurance is bound at the Closing, a bound copy of the Warranty Insurance and proof of payment by the Company of the Warranty Insurance Premium.