Business Covered /Temporary Exceptions Sample Clauses

Business Covered /Temporary Exceptions. XXXX is not assuming any Liability relating to any COMPANY IN RECEIVERSHIP policy. XXXX shall not become a successor in interest of COMPANY IN RECEIVERSHIP that may result in XXXX assuming any obligation or Liability of COMPANY IN RECEIVERSHIP. COMPANY IN RECEIVERSHIP is not assuming any Liability relating to any XXXX policy. COMPANY IN RECEIVERSHIP shall not be deemed a predecessor in interest of XXXX that may result in COMPANY IN RECEIVERSHIP assuming any obligation or Liability of XXXX. XXXX will offer a new policy of insurance to all Policyholders of COMPANY IN RECEIVERSHIP in force policies with an effective date of either the thirty first (31st) day following the date of the Order of Liquidation or upon expiration of the Policyholders coverage, whichever event occurs sooner. XXXX shall not be required to issue policies on properties that have a Pre-Existing Condition until the policyholder submits to XXXX a written representation and warranty that the Pre-Existing Condition has been repaired, together with a picture of the front and back of the insured property. XXXX retain the right to inspect the remedy of any such Pre-Existing Condition, and is only required to offer replacement coverage if the remedy has been performed to XXXX’s sole satisfaction. Upon acceptance of coverage from XXXX, the Policyholder’s premium on said policy coverage will be due no later than XXXX, 200X.
Sample 1
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Business Covered /Temporary Exceptions. North Pointe is not assuming any Liability relating to any American Superior policy. North Pointe shall not become a successor in interest of American Superior that may result in North Pointe assuming any obligation or Liability of American Superior. American Superior is not assuming any Liability relating to any North Pointe policy. American Superior shall not be deemed a predecessor in interest of North Pointe that may result in American Superior assuming any obligation or Liability of North Pointe. North Pointe (through its affiliate South Pointe Financial Services, Inc., a Florida-licensed managing general agent) will offer a new policy of insurance with an effective date being the 31st day following the date of the Order of Liquidation to all of the Policyholders of American Superior's current in-force policies (that is, the American Superior policies in effect at any time after the entry of the Order of Liquidation), except those whose properties have a Pre-Existing Condition. North Pointe will not offer coverage to a policyholder with a Pre-Existing Condition until the policyholder submits to North Pointe a written representation and warranty that the PreExisting Condition has been repaired, together with a picture of the front and back of the insured property. North Pointe retains the right to inspect the remedy of any such Pre-Existing Condition, and is only required to offer replacement coverage if the remedy has been performed to North Pointe's sole satisfaction.
Sample 1

Related to Business Covered /Temporary Exceptions

  • BUSINESS COVERED A. By this contract (the "Contract") the Company cedes to the Reinsurer and the Reinsurer hereby accepts, assumes liability for, and reinsures the Company's 100% share in the interests and liabilities arising out of directly or indirectly, in whole or in part or in connection with the Aggregate Excess of Loss Credit Insurance Policy (policy number ), effective January 1, 2020 (hereinafter referred to as the "Policy") issued to Federal National Mortgage Association (hereinafter referred to as the "Insured"). This reinsurance is a 100% cession of all of the Company's liability under the Policy. The reinsurance shall inure to the benefit of the Insured, subject to and in accordance with the terms, provisions, conditions and stipulations of the Policy and the provisions of this Contract. As set forth in this Contract, the Insured shall have the right to bring an action against the Reinsurer to recover the loss sustained by the Insured for which the Reinsurer is liable hereunder.

  • Confidentiality; Exceptions Except to the extent expressly authorized by this Agreement or otherwise agreed by the Parties in writing, the Parties agree that the receiving Party shall keep confidential and shall not publish or otherwise disclose or use for any purpose other than as provided for in this Agreement any confidential or proprietary information or materials furnished to it by the other Party pursuant to this Agreement (collectively, “Confidential Information”). Notwithstanding the foregoing, Confidential Information shall not be deemed to include information or materials to the extent that it can be established by written documentation by the receiving Party that such information or material:

  • Buyer’s Conditions The obligations of Buyer at the Closing are subject, at the option of Buyer, to the satisfaction at or prior to the Closing of the following conditions:

  • Seller’s Conditions The obligations of Seller at the Closing are subject, at the option of Seller, to the satisfaction or waiver at or prior to the Closing of the following conditions precedent:

  • Exceptions from Disclosure Restrictions Anything herein to the contrary notwithstanding, Executive will not be restricted from disclosing or using Confidential Information that: (i) is or becomes generally available to the public other than as a result of an unauthorized disclosure by Executive or Executive’s agent; (ii) becomes available to Executive in a manner that is not in contravention of applicable law from a source (other than the Company or its affiliated entities or one of its or their officers, employees, agents or representatives) that is not bound by a confidential relationship with the Company or its affiliated entities or by a confidentiality or other similar agreement; (iii) was known to Executive on a non-confidential basis and not in contravention of applicable law or a confidentiality or other similar agreement before its disclosure to Executive by the Company or its affiliated entities or one of its or their officers, employees, agents or representatives; or (iv) is required to be disclosed by law, court order or other legal process; provided, however, that in the event disclosure is required by law, Executive will provide the Company with prompt notice of such requirement so that the Company may seek an appropriate protective order prior to any such required disclosure by Executive.

  • Purchaser’s Conditions The respective obligation of each Purchaser to consummate the purchase of the Purchased Units shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by such Purchaser in writing, in whole or in part with respect to its Purchased Units, to the extent permitted by applicable Law):

  • Vendor’s Conditions The Vendor shall not be obligated to complete the Transaction unless, at or before the Closing Time, each of the conditions listed below in this section has been satisfied, it being understood that the said conditions are included for the exclusive benefit of the Vendor:

  • Exclusions from General Release Excluded from the Release and Waiver are any claims or rights arising pursuant to this Agreement and any claims or rights that cannot be waived by law, as well as Executive’s right to file a charge with an administrative agency or participate in any agency investigation, including with the Equal Employment Opportunity Commission. Executive is, however, waiving the right to recover any money in connection with a charge or investigation and the right to recover any money in connection with a charge filed by any other individual or by the Equal Employment Opportunity Commission or any other federal or state agency, except where such waivers are prohibited by law.

  • Buyer’s Conditions for Closing Unless otherwise waived in writing, and without prejudice to Buyer’s right to cancel this Contract during the Review Period, the duties and obligations of Buyer to proceed to Closing under the terms and provisions of this Contract are and shall be expressly subject to strict compliance with, and satisfaction or waiver of, each of the conditions and contingencies set forth in this Section 9.1, each of which shall be deemed material to this Contract. In the event of the failure of any of the conditions set forth in this Section 9.1 or of any other condition to Buyer’s obligations provided for in this Contract, which condition is not waived in writing by Buyer, Buyer shall have the right at its option to declare this Contract terminated, in which case the Xxxxxxx Money Deposit and any interest thereon shall be immediately returned to Buyer and each of the parties shall be relieved from further liability to the other, except as otherwise expressly provided herein, with respect to this Contract.

  • Business Contracts All Contracts (other than the Real Property Leases, the Personal Property Leases and the Accounts Receivable) to which Seller is a party, which are utilized in the conduct of the Business, including Contracts relating to suppliers, sales representatives, distributors, purchase orders, marketing arrangements and manufacturing arrangements and which are listed in SECTION 1.01(a)(vi) OF THE DISCLOSURE SCHEDULE (the "Business Contracts");

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