Details on Policies. In respect of the insurances referred to in paragraph 12.1: 12.2.1 all premiums have been duly paid to date; 12.2.2 such insurances are in full force and effect and have not been voided by the relevant insurers; 12.2.3 no Seller has received any notification that such insurances are not valid or enforceable; and 12.2.4 all statutory requirements to purchase insurance have been complied with by the Group Companies including any statutory requirements to keep evidence of such insurance.
Appears in 1 contract
Sources: Share Purchase Agreement (Intercontinental Hotels Group PLC /New/)
Details on Policies. In respect of the insurances referred to in paragraph 12.1:
12.2.1 all premiums have been duly paid to date;; and
12.2.2 such insurances are in full force and effect and have not been voided by no Group Company or member of the relevant insurers;
12.2.3 no Seller Retained Group has received any notification that such insurances are not valid in full force and effect or enforceable; and
12.2.4 all statutory requirements that any insurer intends to purchase insurance have been complied with by dispute the Group Companies including validity of any statutory requirements to keep evidence of such insurancethe policies on any grounds.
Appears in 1 contract
Sources: Share and Business Sale Agreement (Scotts Miracle-Gro Co)
Details on Policies. In respect of the insurances referred to in paragraph 12.1:
12.2.1 all premiums have been duly paid to date;
12.2.2 such insurances are in full force and effect and have not been voided by the relevant insurers;
12.2.3 no Relevant Seller or Group Company has received any notification that such insurances are not valid or enforceable; and
12.2.4 all statutory requirements to purchase insurance have been complied with 12.2.3 so far as the Relevant Sellers are aware, no act, omission, misrepresentation or non-disclosure by or on behalf of any Group Company or the Group Companies including Seller has occurred which makes any statutory requirements to keep evidence of such insurancethese policies voidable.
Appears in 1 contract
Sources: Share and Business Sale Agreement (Spirent Communications PLC)
Details on Policies. In respect of the insurances referred to in paragraph 12.1:
12.2.1 all premiums have been duly paid to date;; and
12.2.2 such insurances are in full force and effect and have not been voided by the relevant insurers;
12.2.3 no Seller has received any notification that such insurances are not valid or enforceable; and
12.2.4 all statutory requirements to purchase insurance have been complied with by the Group Companies including any statutory requirements to keep evidence of such insurance.
Appears in 1 contract
Sources: Share Purchase Agreement (Sterlite Industries (India) LTD)