Century and Chubb Companies Insurance Settlement Agreement definition

Century and Chubb Companies Insurance Settlement Agreement means that certain settlement agreement by and between the Century and Chubb Companies, the Debtors, the Ad Hoc Committee, the Coalition, the Future Claimants’ Representative, and certain state court counsel to holders of Direct Abuse Claims, as such agreement is described in the term sheet appended to the Seventh Mediator’s Report [D.I. 7745] filed on December 14, 2021, and as such agreement may be subsequently set forth in and superseded by a definitive written settlement agreement that is consistent with such term sheet and executed by all of the parties thereto (and any additional parties that execute a joinder thereto). The executed Century and Chubb Companies Insurance Settlement Agreement was filed on the docket of the Chapter 11 Cases and attached hereto as Exhibit I-2. Pending such execution, the term sheet shall serve as the description of the applicable agreement.
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Examples of Century and Chubb Companies Insurance Settlement Agreement in a sentence

  • Article X.F, shall require an Opt-Out Chartered Organization to provide an assignment or release with respect to its rights under insurance policies issued directly to such organization, including those set forth in Sections 9 and 10 of the Century and Chubb Companies Insurance Settlement Agreement.

  • Without limiting the foregoing, subject to Confirmation of the Plan and approval of the Other Chartered Organization Settlement by an Order of the Bankruptcy Court (including the Confirmation Order), upon the Effective Date all Other Chartered Organizations shall be designated as Contributing Chartered Organizations, subject to the terms of the Century and Chubb Companies Insurance Settlement Agreement.

  • The Hartford Insurance Settlement Agreement, the Century and Chubb Companies Insurance Settlement Agreement, the Clarendon Insurance Settlement Agreement, and the Zurich Insurance Settlement Agreement are each approved in their entireties.

  • Further, the Debtors have agreed to seek entry of a separate order approving the release of the Pre-Petition Century/Chubb Claims, as required by section 36 of the Century and Chubb Companies Insurance Settlement Agreement, in connection with the confirmation of the Plan.

  • No Chartered Organization shall be a Contributing Chartered Organization unless it provides or is deemed to provide the assignments and releases as set forth in Sections 9 and 10 of the Century and Chubb Companies Insurance Settlement Agreement.

  • Pursuant to the Century and Chubb Companies Insurance Settlement Agreement, upon the release of the Initial Payment (as defined in the Century and Chubb Companies Insurance Settlement Agreement), the Debtors or Reorganized BSA, as applicable, and the Debtors’ Estates shall irrevocably release the Prepetition Century and Chubb Companies Claims, even in the case the Confirmation Order is reversed or vacated on appeal following the Effective Date.

  • The Court hereby makes the findings set forth in Section II.B.2 of the Hartford Insurance Settlement Agreement as if fully set forth herein, and such findings shall also apply with respect to the Century and Chubb Companies Insurance Settlement Agreement, the Clarendon Insurance Settlement Agreement, and the Zurich Insurance Settlement Agreement mututis mutandis.

  • The treatment of Claims of Chartered Organizations under the Plan and Trust Distribution Procedures.2. The Century and Chubb Companies Insurance Settlement Agreement.

  • Accordingly, the Debtors respectfully request entry of the Order Releasing Pre-Petition Century/Chubb Claims Pursuant to Century and Chubb Companies Insurance Settlement Agreement (the “Proposed Century Order”) in connection withconfirmation of the Plan.

Related to Century and Chubb Companies Insurance Settlement Agreement

  • Sponsored captive insurance company means a captive insurance company:

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.