W&I Insurance Policy definition

W&I Insurance Policy means the warranty and indemnity insurance between the W&I Insurer and the Purchaser dated on or around the date of this Agreement to cover Losses arising in relation to breaches of the Sellers’ Warranties and the Tax Indemnity; and
W&I Insurance Policy means the insurance policy issued by the W&I Insurer with the Purchaser as policyholder and beneficiary to provide coverage to the Purchaser in respect of Warranty Claims and Tax Indemnity Claims, a copy of which is attached as Schedule 11 (W&I Insurance Policy);
W&I Insurance Policy means the warranty and indemnity policy to be taken out by the Purchaser in respect of the Transaction on the date of this Agreement;

Examples of W&I Insurance Policy in a sentence

  • All costs and expenses in relation to obtaining the W&I Insurance Policy will be borne by the Company.

  • The sole and exclusive remedy and recourse of the Purchaser in respect of any Purchaser's Claims – Warranties shall be under the W&I Insurance Policy and the Purchaser acknowledges and agrees that the Vendor shall have no liability for breaches of the warranties and representations given by the Vendor set out in the SPA, save in relation to fraud by the Vendor.

  • On Completion, Bovis Homes and Galliford Try will enter into a tax deed of covenant (the “Tax Indemnity”) pursuant to which Galliford Try agree to indemnify Bovis Homes in respect of the tax liabilities incurred prior to Completion by the Group Companies and its joint ventures Galliford Try’s liability under the Tax Indemnity is limited to £1 and covered by the W&I Insurance Policy.

  • Seller’s maximum liability Under the SPA, the Purchaser agrees that in respect of any and all claims (including tax claims) other than any Alternative Claim, it shall make a claim under the W&I Insurance Policy and that the Seller shall not be liable for any matters for which the Purchaser does not procure any insurance policy.

  • The Purchaser further confirms that the W&I Insurance Policy expressly excludes any rights for the provider(s) of the W&I Insurance Policy to exercise any rights of subrogation against the Seller or any of its Affiliates and Representatives, except in case of fraud or fraudulent misrepresentation.


More Definitions of W&I Insurance Policy

W&I Insurance Policy means the buyer-side warranty and indemnity insurance policy to be obtained by the Buyer.
W&I Insurance Policy means the purchaser-side warranty and indemnity insurance policy to be obtained by Purchaser shortly after the Closing, with respect to the obligations of the Selling Shareholders and the Company under this Agreement, and based on the non-binding quote that had been received from Arch and approved by the Sellers, which is attached hereto as Exhibit A (the “W&I Quote”), but subject to any revisions and exclusions required by the insurer as a condition for underwriting the policy, which the Parties agree to assume pursuant to the terms and conditions hereof.
W&I Insurance Policy means the warranty and indemnity insurance policy between AIG Europe Limited as the “coverholder” and the Buyer as the “insured” dated on or about the date of this agreement;
W&I Insurance Policy has the meaning given to it in the Warranty Deed;
W&I Insurance Policy means the warranty and indemnity insurance policy entered into between the Buyer and the W&I Insurer in respect of this Agreement and the Manager Warranty Deed;
W&I Insurance Policy means the buyer-side warranty and indemnity insurance policy to be obtained by the Buyer. “WARN” has the meaning set forth in paragraph 18.6 of Schedule 1.
W&I Insurance Policy has the meaning given in Recital (F);