Examples of Books and Records Demand in a sentence
Underwriters shall not be liable for any settlement, Defense Costs, Inquiry Costs or Books and Records Costs, assumed obligation, admission or stipulated judgment to which they have not consented or for which the Insureds are not legally obligated as a result of a Claim for a Wrongful Act or an Investigation, Inquiry, Books and Records Demand or Internal Appeal.
For purposes of the current litigation, to the extent the Books and Records Demand sought materials beyond those identified above, LAMPERS’s complaint is dismissed.
Lapetus irrevocably withdraws the Stocklist Demand and the Books and Records Demand.
In addition, because the Federal Court retained jurisdiction over the Derivative Action, LAMPERS wrote the Federal Court by letter dated May 12, 2010, to request a case management conference regarding the Books and Records Demand.By letter dated May 19, 2010 and copied to the Federal Court, Morgan Stanley rejected the Books and Records Demand on the ground that LAMPERS failed to state a proper purpose for conducting an inspection.
According to the Books and Records Demand, LAMPERS sought these documents “to enable [it] and its legal counsel to evaluate the Board’s refusal of the Demand .
Stockholders and Stockholders’ Counsel also are mindful of the inherent problems of proof of, and possible defenses to, the claims asserted in the Action, that could be asserted in any shareholder derivative action(s) or other actions based on the Books and Records Demand.
The sum of the Companies Net Income for each completed year shall be referred to as the "Cumulative Companies Net Income" and the sum of the Target Annual Net Income for each completed year shall be referred to as the "Cumulative Target Net Income".
Nothing contained herein shall give any person or organization any right to join Coverage Provider as a party to any Claim, Investigation, Inquiry or Books and Records Demand against the Insureds to determine their liability, nor shall Coverage Provider be impleaded by the Insureds or their legal representative in any Claim, Investigation, Inquiry or Books and Records Demand.
On May 13, 2021, the Company produced books and records in response to the Books and Records Demand.
If the Company elect to seek coverage for Books and Records Costs in connection with a Books and Records Demand, the Company shall give to Coverage Provider notice in writing of such Books and Records Demand, but in no event later than sixty (60) days after the end of the Coverage Guidelines Period, the Predetermined Run-Off Period or the Optional Extension Period (if purchased).