Security Holder Derivative Demand; or Sample Clauses

Security Holder Derivative Demand; or. 2. lawsuit by a security holder of the Insured Entity brought derivatively on behalf of the Insured Entity against any Insured Person for a Wrongful Act without first making a demand as described in the definition of Security Holder Derivative Demand; first made or brought during the Policy Period and reported to the Insurer as required by this Coverage Part. No retention shall apply to this coverage. The maximum liability of the Insurer for all Derivative Demand Investigation Costs shall be the amount shown on the Declarations. Such amount is a sublimit that is part of and not in addition to the Aggregate Limit of Liability for this Coverage Part.
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