Examples of W&I Insurer in a sentence
The maximum aggregate liability of the W&I Insurer will not exceed US$500 million and will be subject to a de minimis claim threshold of US$6.3 million.
The W&I Insurance Costs shall be for the account of the Purchaser and the Purchaser shall be solely responsible for the payment of the W&I Insurance Costs, including any insurance premium to the W&I Insurer.
To the best of the knowledge, information and belief of the Directors, having made all reasonable enquiries, the Vendor, the Target Group Companies and their respective ultimate beneficial owners, the Escrow Agent, the Vendor’s Solicitors, Pricewaterhouse Coopers, the Mandated Lead Arranger, the WI Insurer and the tenants under the current tenancies of the Target Property, are independent third parties (and not Connected Persons) of Prosperity REIT.
In the event that the Share Purchase Agreement is terminated by the Purchaser pursuant to (b) above, the Vendor shall on-demand: (i) return the Deposits to the Purchaser; and (ii) additionally pay to the Purchaser an amount equivalent to the aggregate of (A) the Deposits; (B) fees payable to the WI Insurer and fees payable to the insurance broker; and (C) all legal and other professional fees payable by the Purchaser in connection with the Acquisition, subject to certain caps, as liquidated damages.
The Parties acknowledge and agree that, should the Loss of the Purchaser or the Company in connection with a claim for indemnification pursuant to Articles 5(c) (other than, for the avoidance of doubt, any liability of the Company under Article 5(a) and(b) of this Agreement) be in excess of the Cap of Liability, the Purchaser’s sole recourse shall be recovery under the W&I Insurance and the W&I Insurer shall have no recourse against the Company unless in case of fraud or wilful misconduct ( fraude ou dol).