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Insured Claims
Insured Claims contract clause examples
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Claims. Subject to [Section 3.9], Borrower shall pay when due all claims which, if unpaid, might become a lien or charge on any or all of the properties or assets of Borrower.

Claims. Any claim, dispute, or controversy of whatever nature arising between the Parties out of or relating to this Agreement that is not resolved under [Section 12.2(a)] within the required twenty (20) day time period, including any action or claim based on tort, contract, or statute (including any claims of breach or violation of statutory or common [[Organization B:Organization]] protections from discrimination, harassment and hostile working environment), or concerning the interpretation, effect, termination, validity, performance or breach of this Agreement (“Claim”), shall be resolved by final and binding arbitration before a panel of three (3) experts with relevant industry experience (the “Arbitrators”). Each of vTv and Huadong shall designate, in the notice of arbitration and the answer to the notice of arbitration, respectively, one Arbitrator each. If either party fails to designate an arbitrator, the Administrator (as defined below) shall appoint the Arbitrator. The Presiding Arbitrator shall be chosen promptly by mutual agreement of the two Arbitrators appointed by the Parties, but in no event later than thirty (30) days after the date that the last of such Arbitrators was appointed. Failing such appointment within thirty (30) days, the Administrator shall appoint the Presiding Arbitrator. The arbitration shall be administered by the Hong Kong International Arbitration Centre (the “Administrator”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules in force when the notice of arbitration is submitted. The [[Organization B:Organization]] of this arbitration clause shall be Hong Kong [[Organization B:Organization]]. The place of arbitration shall be Hong Kong. The arbitration proceedings shall be conducted in English.

for any claims of the Purchaser for breaches of Seller's Representations other than the Fundamental Claims (the “Insured Claims”) shall not exceed 0.01% of the Purchase Price (the “W&I Liability Cap”); and

For claims procedure purposes, the “Claims Manager” shall be the Chief Executive Officer of Bank or such other person named from time to time by notice to Insured.

The Purchaser expressly acknowledges and the Parties agree that any liability of the Seller for Insured Claims in excess of the W&I Liability Cap shall be excluded. Consequently, the Purchaser's sole recourse with respect to Insured Claims, in excess of the W&I Liability Cap shall be against the entity or entities, as the case may be, underwriting the Insured Claims (each an “Insurer”). The Purchaser expressly acknowledges and the Parties agree that the validity and collectability risks in respect of the insurance, if any, which has been or will be taken out by Purchaser in relation to the Insured Claims or any other claims of Purchaser under this Agreement (the “W&I Insurance”) shall solely and irrevocably rest with the Purchaser. In addition, in case the Purchaser pursues a claim against the Seller and such claim can be recovered or could reasonably have been recovered under the W&I Insurance, the Seller shall only be liable for amounts which cannot and could reasonably not have been recovered under the W&I Insurance.

for any claims of the Purchaser under or in connection with this Agreement, including for breaches of any of the Seller’s Representations, the Seller’s Covenants or any other indemnities, covenants, agreements or undertakings set forth in this Agreement, excluding, for the avoidance of doubt, Tax Claims and Breaches resulting in Exempted Claims and Insured Claims, shall be limited to an aggregate amount of EUR 1,250,000 (in words: Euro one million two hundred fifty thousand) of the Purchase Price actually received by the Seller. The Seller's aggregate liability under or in connection with this Agreement, including for Breaches resulting in Exempted Claims, Tax Claims and Insured Claims shall in no event exceed an aggregate amount of 100% (in words: one hundred percent) of the Purchase Price actually received by the Seller.

Additional Insured Status, Cardinal Health Inc., and its Affiliates shall be named as additional insureds under the Products and Completed Operations Liability insurance policies as respects the Products and completed operations outlined in this Agreement. Such insurance shall be primary (with respect both to any insurance issued to Cardinal Health and to any self-insured amount retained by Cardinal Health) with regard to Cardinal Health’s liability for damage arising out of those products for which they have been added as additional insureds. Such additional insurance status shall continue during the term and, if the policies are written on a claims made basis, shall continue for not less than ​ following termination or expiration of this Agreement.

Commercial General Liability Insurance covering the insured against claims of bodily injury, personal injury and property damage arising out of Tenant's operations, assumed liabilities or use of the

Claims-Made Policies. If any of the above stated policies are on a claims-made basis, then the insured party shall maintain such policy in effect through a period of not less than one (1) year following the termination or expiration of this Agreement.

Claims-Made Policies. If any of the above stated policies are on a claims-made basis, then the insured Party shall maintain such policy in effect through a period of not less than one (1) year following the termination or expiration of this Agreement.

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