Common use of Termination of Insurance Coverage Clause in Contracts

Termination of Insurance Coverage. Except as set forth on Schedule 4.8, Purchaser acknowledges that all insurance coverage for the Purchased Assets, the Assumed Liabilities and the Purchased Entities under policies of Seller, Rexam and their respective Affiliates (other than the Purchased Entities) shall terminate as of the Closing and, following the Closing, no claims may be brought against any such policy of Seller, Rexam and their respective Affiliates in respect of the Purchased Assets, the Assumed Liabilities and the Purchased Entities regardless of whether the events underlying such claim arose prior to or after the Closing.

Appears in 3 contracts

Sources: Equity and Asset Purchase Agreement (Ardagh Finance Holdings S.A.), Equity and Asset Purchase Agreement (Ball Corp), Equity and Asset Purchase Agreement