Common use of Professional and General Liability Coverage Clause in Contracts

Professional and General Liability Coverage. Assuming Buyer shall not have advised Seller in writing on or before March 31, 2012 that Buyer is unsatisfied with its due diligence investigation of and with respect to the Hospital Facilities and Purchased Assets, Seller shall, at its sole cost, maintain prior to Closing and for a period of not less than two (2) years after Closing, insurance coverage on commercially reasonable terms from insurers to insure against the professional and general liabilities of the Hospital Facilities applicable to periods prior to Closing and at coverage levels comparable to the current policies insuring Seller in the pre-closing operations of the Hospital Facilities.