Examples of W&I Insurer in a sentence
The Chair of the Compensation Committee, Mr. Brian Robinson, was selected from the group of Independent Trustees appointed to serve on such Committee.
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 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.
The Buyer acknowledges and agrees that the liability caps contained in Clause 7.5 shall apply notwithstanding any lack of coverage, non-payment under, or expiry, termination or vitiation of, the W&I Insurance Policy, or for any other reason including if the W&I Insurance Policy is not effective or has not come into force, or in circumstances related to the insolvency of the W&I Insurer.