Benefitted Party. Without limiting the foregoing, if at any time the board of directors of AAC does not include the minimum number of Unaffiliated Qualified Directors required by this Section 3.04(a), the sole consequence shall be as set forth in this Section 3.04(a).
Appears in 3 contracts
Samples: Settlement Agreement, Settlement Agreement (Ambac Financial Group Inc), Settlement Agreement (Ambac Financial Group Inc)
Benefitted Party. Without limiting the foregoing, if at any time the board of directors of AAC does not include the minimum number of Unaffiliated Qualified Directors required by this Section 3.04(a), the sole consequence shall be as set forth in this Section 3.04(a).
(b) The provisions in the Charter Amendment relating to Unaffiliated Qualified Directors shall not be amended in a manner adverse to the Policy Beneficiaries.
Appears in 1 contract
Samples: Settlement Agreement
