Common use of Post-Closing Insurance Clause in Contracts

Post-Closing Insurance. For a period of five years after the Closing, the Sellers shall maintain their existing comprehensive general liability and hospital professional liability insurance coverages, or obtain extended reporting period tail insurance, with respect to each Facility for all periods prior to the Closing in substantially their present form as described on SCHEDULE 3.12; provided that Purchaser shall reimburse the Sellers on the Closing Date for one-half (1/2) of the aggregate premium for such required insurance as described in SCHEDULE 3.12.

Post-Closing Insurance. For a period of five years after the Closing, the Sellers Seller shall maintain their existing comprehensive general liability and hospital professional liability insurance coverages, or obtain extended reporting period tail insurance, with respect to each the Facility for all periods prior to the Closing in substantially their present form as described on SCHEDULE Schedule 3.12.; provided that the Purchaser shall reimburse the Sellers Seller on the Closing Date for one-half (1/2) of the aggregate premium for cost of such required insurance as described in SCHEDULE 3.12coverage.