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.