W&I Insurance definition

W&I Insurance or "W&I Insurance Policy" means the insurance policy issued by the W&I Insurer with the Purchaser as policyholder and beneficiary to provide coverage to the Purchaser in respect of Warranty Claims and Tax Indemnity Claims, a copy of which is attached as Schedule 11 (W&I Insurance Policy);

W&I Insurance means the purchase side warranty and indemnity insurance policy to be subscribed by the Purchaser in the context of the transactions contemplated in this Agreement.

W&I Insurance has the meaning given to it in Recital (E);

Examples of W&I Insurance in a sentence

• The Buyer shall provide to the Warrantors’ Representative, concurrently with delivery to the requisite parties under the W&I Insurance Policy, copies of any claim submitted by the Buyer pursuant to the W&I Insurance Policy.

• The W&I Insurance Policy shall apply in respect of the conduct following the discovery of any fact, matter, circumstance or event (a) which has given or might give rise to a claim against any of them and which, in turn, has given or might give rise to a Claim under the Tax Indemnity, or (b) for breach of the Tax Warranties, (in both cases a Tax Issue).

• The Purchaser confirms that it has entered into the W&I Insurance Policy prior to or as of signing of this Agreement which is the Purchaser's sole recourse in the event of any breach or inaccuracy of any Warranty or under the Tax Indemnity.

• Notwithstanding anything herein to the contrary, except for claims arising from fraud, any claims by the Buyer under the W&I Insurance Policy shall be asserted and resolved in compliance with the procedures set forth in the W&I Insurance Policy.

• The Purchaser further confirms that the W&I Insurance Policy expressly excludes any rights for the provider(s) of the W&I Insurance Policy to exercise any rights of subrogation against the Seller or any of its Affiliates and Representatives, except in case of fraud or fraudulent misrepresentation.

More Definitions of W&I Insurance

W&I Insurance has the meaning given in Section 12.3.3;

W&I Insurance has the meaning given thereto in Clause 13.1.1. “W&I Insurer” means the underwriter(s) under the W&I Insurance.

W&I Insurance. Policy means the warranty and indemnity insurance policy which may, at the Purchaser’s sole discretion, be entered into between the Purchaser and the W&I Insurer in relation to this agreement prior to the Completion Date;

W&I Insurance has the meaning set out in the Recitals, Section D. The definitions set forth or referred to above apply equally to both the singular and plural forms of the terms defined. The words “include”, “includes” and “including” are deemed to be followed by the phrase “without limitation”. All references herein to Sections, Subsections and Schedules are deemed to be references to Sections and Subsections of, and Schedules to, this Agreement unless the context otherwise requires. Unless the context otherwise requires, any reference to any contract, instrument or Law is a reference to it as amended and supplemented from time to time. Any reference in this Agreement to a “day” or a number of “days” (without the explicit qualification of “Business”) is to be interpreted as a reference to a calendar day or number of calendar days. Unless a contrary indication appears, any reference in this Agreement to a time of day is a reference to Helsinki (EET) time.

W&I Insurance has the meaning set out in Clause 5.1. 1.1.2 Whenever a Representation is made “to the Sellers’ knowledge” or is qualified by any similar expression, reference is made to the knowledge of any of the Sellers, provided that the Sellers shall be deemed:

W&I Insurance. Policy shall mean any buyer-side warranty and indemnity insurance policy entered into by the Buyer in respect of this Agreement and the transactions contemplated herein. W&I Insurer shall mean the provider of the W&I Insurance Policy. Warranty Cap shall have the meaning assigned to such term in Section 8.7a)8.7b)(i).

W&I Insurance means the buyer-side warranty & indemnity insurance policy issued by Xxxxxx Xxxxxx & Partners Limited as coverholder for and on behalf of the underwriters on February 22, 2019 under policy number HG19WI4610.