LTD » Topics » 4.23 Insurance

This excerpt taken from the LTD 8-K filed Nov 17, 2006.

4.23 Insurance

  (a)      Summaries of all material policies of insurance in force as of the date hereof naming the Company or any of its Subsidiaries as an insured have been provided
 





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    in the Data Room Information; all such policies were true and accurate as at October 16, 2006; and since October 16, 2006, no changes have been made to such policies that, individually or in the aggregate, would have a Company Material Adverse Effect. All premiums payable prior to the date hereof under material policies of insurance naming the Company or any of its Subsidiaries as an insured have been paid and neither the Company nor any of its Subsidiaries has failed to make a material claim thereunder on a timely basis except where such failure would not, individually or in the aggregate, reasonably be expected to have, or have, a Company Material Adverse Effect.
 
  (b)      Each of such material policies and other forms of insurance is in full force and effect on the date hereof and shall (or comparable replacement or substitutions therefor shall) be kept in full force and effect by the Company through the Effective Date. No written (or to the knowledge of the Company other) notice of cancellation or termination has been received by the Company or any Subsidiary of the Company with respect to any such policy.
 
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