Directors & Officers Liability. Entity coverage to cover claims against the organization directly for wrongful acts with limits not less than $100,000.
Directors & Officers Liability. The Company shall use commercially reasonable efforts to obtain from financially sound and reputable insurers, and thereafter maintain, a policy or policies of directors’ and officers’ liability insurance on terms and conditions satisfactory to the Board, including a majority of then-serving Preferred Directors, and with a coverage limit of not less than $2,000,000, and will use commercially reasonable efforts to cause such policy to be maintained until such time as the Board, including the approval of a majority of the then-serving Preferred Directors, determines that such insurance should be discontinued or otherwise modified.
Directors & Officers Liability. The Company shall use reasonable best efforts to maintain a policy or policies of directors’ and officers’ liability insurance (“D&O Insurance”) on terms and conditions reasonably acceptable to the Company and the Investors. The Company shall keep such D&O Insurance in place so long as any of the Investors’ designees serve on the Board, provided such insurance is available on commercially reasonable terms as determined by the Board. In addition, the Company’s Certificate of Incorporation and Bylaws shall provide for (a) elimination of the liability of directors to the maximum extent permitted by law and (b) indemnification of directors for acts on behalf of the Company to the maximum extent permitted by law.
Directors & Officers Liability. To the extent the project has the exposure at the time it becomes operational, Directors and Officers liability insurance providing cover for Side A and Side B in an amount not less than $5,000,000 subject to industry standard deductibles. If deemed to be required, this requirement can be satisfied by the separate coverage of the individual Borrower membership entities.
Directors & Officers Liability. Borrower shall procure insurance with a limit of $10,000,000 for D&O management liability wrongful acts.
Directors & Officers Liability. All liability of xxe Company arising by contract, operation of law, or otherwise, from its participation or membership, whether voluntary or involuntary, in any insolvency fund. "Insolvency fund" includes any guaranty fund, insolvency fund, plan, pool, association, fund, or other arrangement, howsoever denominated, established, or governed, that provides for any assessment of or payment or assumption by the Company of part or all of any claim, debt, charge, fee, or other obligation of an insurer, or its successors or assigns, which has been declared by any competent authority to be insolvent, or which is otherwise deemed unable to meet any claim, debt, charge, fee, or other obligation in whole or in part.
Directors & Officers Liability. Covers payments made by directors and officers for losses from claims against them, which are not or cannot be indemnified by EnPro. As defined in this policy, Directors & Officers means any director of EnPro, including officer positions held by those individuals and any duly elected, appointed or staff officer positions in EnPro, or its subsidiaries. Coverage extends to directors and officers of EnPro serving on outside, not-for-profit boards subject to policy terms and conditions.
Directors & Officers Liability. Directors & Officers Liability Insuring Clauses
Directors & Officers Liability. INSpire shall procure Directors & Officers Liability coverage with a minimum limit of liability of $5,000,000 each claim. This coverage shall be in the form of "claims made" coverage. This coverage shall not have any retention or deductible in excess of $250,000 per claim.
Directors & Officers Liability. The Company has and shall maintain, from financially sound and reputable insurers, Directors and Officers liability insurance in an amount not less than $3,000,000, unless otherwise approved by the Investors.
