Representations and Warranties Insurance Closing Condition Clause

Summary

This Representations and Warranties Insurance Closing Condition Clause is used in transactions that contemplate obtaining a third-party representations and warranties insurance policy (RWI) to protect against breaches of representations in an acquisition. This clause includes practical guidance, drafting notes, and an alternate clause. For further discussion relating to RWI, see Representations and Warranties Insurance Policies Strategic Uses, Representations and Warranties Insurance Policy Selection, and Representations and Warranties Insurance Drafting and Counseling Considerations. For clauses, see Representations and Warranties Insurance Covenant Clause and Indemnification Clauses (Representations and Warranties Insurance).