RETENTION WAIVER. No Retention shall apply to Defense Costs incurred in connection with a Claim, and the Insurer shall reimburse the Insureds for any covered Defense Costs paid by the Insureds within the Retention otherwise applicable to such Claim, if a: (A) final adjudication with prejudice pursuant to a trial, motion to dismiss or motion for summary judgment; or (B) complete and final settlement with prejudice;
Appears in 4 contracts
Samples: Directors, Officers and Entity Liability Coverage, Directors and Officers Liability Insurance Policy, Fiduciary Liability Coverage Part
RETENTION WAIVER. No Retention shall apply to Defense Costs incurred in connection with a Claim, and the Insurer shall reimburse the Insureds for any covered Defense Costs paid by the Insureds within the Retention otherwise applicable to such Claim, if a:
(A) final adjudication with prejudice pursuant to a trial, motion to dismiss or motion for summary judgment; or
(B) complete and final settlement with prejudice;,
Appears in 1 contract
Samples: Fiduciary Liability Coverage
