W&I Policy definition

W&I Policy means any warranty and indemnity insurance policy issued in favour of the Buyer on or following the date of this Agreement in respect of the transactions contemplated by this Agreement (the cost of such policy being wholly for the account of the Buyer);

W&I Policy means the Buyer’s warranty and indemnity insurance policy relating to the Warranties and the Tax Deed.

W&I Policy means the insurance policy subscribed on or about the Put Option Date by the Purchaser with the W&I Insurer in respect of the representations and warranties made by the Sellers to the Purchaser hereunder; and

Examples of W&I Policy in a sentence

• In addition to the W&I Policy, CC Investor has the benefit of a top up asset protection policy in relation to the title to the shares and the Property (the ‘‘Top Up Title Policy’’).

• A warranty and indemnity insurance policy (the ‘‘W&I Policy’’) has therefore been put in place for the benefit of CC Investor so that in the event of a claim under the QRW2 SPA for breach of warranty or the tax covenant of which CC Investor was unaware at the date of the QRW2 SPA, CC Investor’s recourse is to claim under this W&I Policy (subject to the terms and exclusions of the W&I Policy).

• Notwithstanding the foregoing, all rights and claims under the W&I Policy are subject to the terms and conditions thereof and are not subject to the limitations set forth in this Section 9.1(b).

• For the avoidance of doubt, nothing in clauses 11.5(a), 11.5(b) and 11.5(c) limit or restrict the Bidder’s ability to make a Claim under the W&I Policy in the manner contemplated by clause 12.

• Based on current forecast as at 31 December 2017, the Stage 1 Consideration less 70% of the projected external finance debt amounting to GBP20.54 million (equivalent to about RM112.67 million), yields a net consideration of GBP64.96 million (equivalent to about RM356.34 million) (before deducting 50% of the W&I Policy).

More Definitions of W&I Policy

W&I Policy means the buyer-side warranty and indemnity insurance policies issued or to be issued by the Insurer to Kyoto Solar Plant L.P. as named insured.

W&I Policy means that certain warranty and indemnity insurance policy to be issued prior to the Closing Date by ANV in favor of the Purchaser or the Designee and relating to the Sellers’ Warranties and Spig Holding’s Warranties.

W&I Policy means: (i) the policy of insurance between Hunter George & Partners Limited (as coverholder for the Underwriters (as defined therein)) (the “W&I Insurer”) and the Purchaser dated on the date hereof with policy number HG14WI107 relating to the Transaction; and (ii) the Excess Policies;

W&I Policy means the warranty and indemnity policy underwritten by Chartis Insurance UK Limited acquired by the Buyer on the date of this agreement in respect of any Claim; and

W&I Policy means the warranty and indemnity insurance policy concerning the Transaction issued by the W&I Insurer in favour of the Purchaser.

W&I Policy means the warranty and indemnity policy to be taken out by the Purchaser at its own cost and for its own benefit for the purposes of the Warranties;

W&I Policy means the warranty and indemnity insurance policy to be issued in favour of the Buyer on or around the Completion Date;