Examples of Seller Policies in a sentence
The parties agree that any recoveries under Seller Policies pursuant to this Section 7.08(c) shall inure first to Seller to reimburse any and all Recovery Costs.
It is understood and agreed that claims for benefits or coverage under Seller Policies for Retained Liabilities or to the extent relating to the Excluded Assets shall not constitute Valid Pre-Closing Claims.
Buyer hereby acknowledges that the Seller Policies will not transfer with the Business as part of the transactions contemplated hereby.
Seller and Buyer agree that, as of the Closing Date, all of the Seller Policies shall cease to apply to the Assets and the operations in which the Assets are used and that Buyer shall make no claims under the Seller Policies with respect to any matter whatsoever, whether arising before or after the Closing Date.
Except as provided in Section 5.21(c), at the Closing, as applicable, Buyer shall release, and shall cause its Affiliates, including the Acquired Companies, to release all rights to all Seller Policies.