Termination of Insurance Coverage. Except as set forth on Schedule 4.8, Purchaser acknowledges that all insurance coverage for the Purchased Assets, the Assumed Liabilities and the Purchased Entities under policies of Seller, Rexam and their respective Affiliates (other than the Purchased Entities) shall terminate as of the Closing and, following the Closing, no claims may be brought against any such policy of Seller, Rexam and their respective Affiliates in respect of the Purchased Assets, the Assumed Liabilities and the Purchased Entities regardless of whether the events underlying such claim arose prior to or after the Closing.
Termination of Insurance Coverage. Purchaser acknowledges that, except to the extent provided in this Section 4.11, all insurance coverage for the Company and its Subsidiaries under policies of Seller and its Affiliates (collectively, “Seller Insurance Policies”) shall terminate as of the Closing. Notwithstanding the foregoing, the Company and its Subsidiaries shall remain entitled from and after the Closing to all coverage and other rights under (i) Seller Insurance Policies with respect to any claim, act, omission, event, circumstance, occurrence or loss that occurred or existed prior to the Closing Date (and then only to the extent that such claim, act, omission, event, circumstance, occurrence or loss occurred or existed on or prior to the Closing Date) (a “Pre-Closing Date Event”) and was reported to the applicable insurer in accordance with the provisions of the applicable Seller Insurance Policy prior to the Closing Date and (ii) occurrence-based insurance coverage under Seller Insurance Policies (the “Occurrence-Based Coverage”), in respect of any loss or liability arising from a Pre-Closing Date Event that is insured or potentially insured in whole or in part under any Occurrence-Based Coverage. Seller and its Affiliates shall provide reasonable cooperation, including to the extent necessary by naming Purchaser as additional insured or pursuing claims on behalf of Purchaser, to the Company and its Subsidiaries (at the sole expense of the Company) in the pursuit of any such coverage and other rights (it being understood that such cooperation does not include commencement or prosecution of litigation by Seller against an insurer).
Termination of Insurance Coverage. At or after the Closing, Ferro and its Affiliates will have the right to terminate any and all insurance coverage affecting the Subsidiary with the effect that Akzo Nobel Korea will have no right of recovery with respect to any claim under policies or for refunds of premiums of insurance that previously covered the Subsidiary. Akzo Nobel Korea will, however, continue to be entitled to recoveries (net of deductibles and out-of-pocket claims handling costs) after the Closing under occurrence-based insurance policies to the extent the recovery relates to a claim made prior to Closing. Ferro will be responsible for the administration of claims for such recoveries.
Termination of Insurance Coverage. (a) The Employer's contributions toward the cost of the hospital/medical insurance and life insurance benefits provided for eligible employees pursuant to this Agreement shall be subject to continuation and/or termination as follows:
Termination of Insurance Coverage. A full-time teacher who separates employment with the District during the contractual period shall continue District insurance benefits through the end of the last month of employment. Providing contracts are fulfilled, insurance will be covered through August for one-year only contracts, retirees, and resignations.
Termination of Insurance Coverage. Your insurance coverage will automatically terminate if your Pension Program is terminated.
Termination of Insurance Coverage. At or after the Closing, except as provided in the Transition Services Agreement with respect to the Ferro Sellers’ stop loss coverage for self-insured medical benefits, the Ferro Sellers and their Affiliates will have the right to terminate any and all insurance coverage affecting the Specialty Plastics Business with the effect that Olympic Plastics will have no right of recovery with respect to any claim under policies or for refunds of premiums of insurance that previously covered the Specialty Plastics Business. The Specialty Plastics Business will, however, continue to be entitled to recoveries (net of deductibles and out-of-pocket claims handling costs) after the Closing under occurrence-based insurance policies in respect of insured events that occurred before the Closing and the Ferro Sellers will promptly pay over such net recoveries upon receipt. The Ferro Sellers will be responsible for the administration of claims for such recoveries.
Termination of Insurance Coverage. At or after the Closing, the Ferro Sellers and their Affiliates will have the right to terminate any and all insurance coverage affecting the Powder Coatings Business with the effect that International Paint will have no right of recovery with respect to any claim under policies or for refunds of premiums of insurance that previously covered the Powder Coatings Business. International Paint will, however, continue to be entitled to recoveries (net of deductibles and out-of-pocket claims handling costs) after the Closing under occurrence-based insurance policies to the extent the recovery constitutes an Acquired Asset as a Third Party Claim related to an Acquired Asset or an Assumed Liability. The Ferro Sellers will be responsible for the administration of claims for such recoveries.
Termination of Insurance Coverage. At or after the Closing, the Ferro Sellers and their Affiliates will have the right to terminate any and all insurance coverage affecting the Powder Coatings Business, with the effect that the RandH Buyers will have no right of recovery with respect to any claim under policies or for refunds of premiums of insurance that previously covered the Powder Coatings Business. The Powder Coatings Business will, however, continue to be entitled to recoveries (net of deductibles and out-of-pocket claims handling costs) after the Closing under occurrence-based insurance policies in respect of insured events that occurred before the Closing and the Ferro Sellers will promptly pay over such net recoveries upon receipt. The Ferro Sellers will be responsible for the administration of claims for such recoveries.
Termination of Insurance Coverage. Provided COBRA requirements have been met, the Company's obligation to provide insurance coverage to the Executive under Section 3(c) or Section 5(b)(iii) hereof shall terminate as to any specific coverage if and when comparable coverage is made available to the Executive in connection with Re-Employment.
