Extract to table

The material terms of the Policy are as follows: Carrier: Sentinel Specialty Insurance Company Policy Type: Buyer-side representations and warranties insurance Policy Limit: Fifty-Five Million Dollars ($55,000,000), representing five percent (5%) of the Purchase Price Retention (Self-Insured Retention): Eleven Million Dollars ($11,000,000), representing one percent (1%) of the Purchase Price; provided, however, that fifty percent (50%) of the Retention shall drop to Five Million Five Hundred Thousand Dollars ($5,500,000) on the date that is twelve (12) months following the Closing Date (i

NOW, THEREFORE, in consideration of the foregoing recitals and the binding and effectiveness of the Policy, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Declarant hereby makes the following declarations and confirmations: SECTION 1: DEFINITIONS As used in this Declaration, the following terms shall have the meanings set forth below

Capitalized terms used but not defined in this Declaration shall have the meanings ascribed to them in the PSA or the Policy, as applicable

"Losses" shall have the meaning given to such term in the Policy

Nothing in this Section 3 shall be deemed to limit, modify, reduce, or otherwise affect the terms, conditions, or scope of coverage of the Policy

Nothing in this Declaration shall be construed to create any right, remedy, or cause of action in favor of any third party