definiens: and shall have the meanings ascribed to them in COBRA . Following the T ransfer Time, Purchaser shall waive any waiting per iods, exclusions or limitations with respect to any pre - e xisting conditions, evidence of insurability or goo d health or actively - at - work exclusions that are applicable to any Transferred US Employees or their dependents or beneficiaries under any welfare benefit plan in whi ch such Transferred US Employees may be eligible to participate and Purchaser shall provide or cause to be provided that any costs or expenses incurred by Transferred US Employees ( and their respective depe ndents and beneficiaries ) up to and including the T ransfer Time shall be specifically applied for purposes of satisfying applicable deductible, co - payment, coins urance, maximum out - of - pocket provisions and like adjustmen ts or limitations on coverage under any such welfar e benefit plan . Purchaser shall be responsible under its welfare benefit plans for all amounts payable b y reason of claims incurred by Transferred US Employees and the ir eligible dependents and beneficiaries on or afte r the Transfer Time . Seller shall be responsible under it s welfare benefit plans for all amounts payable by reason of claims incurred by Transferred US Employees and 48 their eligible dependents and beneficiaries prior t o the Transfer Time . For purposes of this Section 6 .02, a claim shall be deemed to have been incurred on ( i ) the da te of death or dismemberment in the case of claims under life insurance and accidental death and dismemberment po licies or ( ii ) the date on which the charge or expe nse giving rise to such claim is incurred ( without rega rd to the date of inception of the related illness or injury or the date of submission of the claim related thereto ) in the case of all other claims ; provided, however, t hat in the event of a hospital stay that commences prior to th e Transfer Time and ends at or after the Transfer T ime, the cost thereof shall be apportioned between Seller, o n the one hand, and Purchaser, on the other hand, w ith Seller responsible for that portion of the cost incurred p rior to the Transfer Time and Purchaser responsible for the balance of such cost