Common use of Adequate Insurance Clause in Contracts

Adequate Insurance. The Company maintains insurance coverage that the Company and the Shareholders believe is reasonably adequate to protect the assets and operations of the Company, and is sufficient for material compliance with all requirements of law and all agreements to which the Company is a party. No notice of any termination or threatened termination of such policies has been received by the Company and, to the knowledge of the Company or the Shareholders, such policies are valid, binding, and enforceable.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tyler Corp /New/)

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Adequate Insurance. The Company maintains and the Company Subsidiaries maintain insurance coverage that the Company and the Shareholders Shareholder believe is reasonably adequate to protect the assets and operations of the CompanyCompany and the Company Subsidiaries, taken as a whole, and is sufficient for material compliance with all requirements of law and all agreements to which the Company or any Company Subsidiary is a party. No notice of any termination or threatened termination of such policies has been received by the Company or any Company Subsidiary and, to the knowledge of the Company or the ShareholdersShareholder, such policies are valid, binding, and enforceable.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tyler Corp /New/)

Adequate Insurance. The Company maintains and the Company Subsidiaries maintain insurance coverage that the Company and the Shareholders Shareholder believe is reasonably adequate to protect the assets and operations of the CompanyCompany and the Company Subsidiaries, taken as a whole, and is sufficient for material compliance with all requirements of law and all agreements to which the Company or any Company Subsidiary is a party. No notice of any termination or threatened termination of such policies has been received by the Company and, to the knowledge of the Company or the Shareholders, such policies are valid, binding, and enforceable.threatened

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tyler Corp /New/)

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Adequate Insurance. The Company maintains insurance coverage that the Company and the Shareholders believe is reasonably adequate to protect the assets and operations of the Company, and is sufficient for material compliance with all requirements of law and all agreements to which the Company is a party. No notice of any termination or threatened termination of such policies has been received by the Company and, to the knowledge of the Company or the Shareholders, such policies are valid, binding, and enforceable.. 2.29

Appears in 1 contract

Samples: Agreement and Plan (Tyler Corp /New/)

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