Company D&O Tail Insurance definition

Company D&O Tail Insurance that is substantially equivalent to and in any event not less favorable in the aggregate than the Company’s existing policy or, if substantially equivalent insurance coverage is unavailable, the best available coverage. If obtained, Holdings and the Company shall, for a period of six years after the Merger Effective Time, maintain the Company D&O Tail Insurance in full force and effect, and continue to honor the obligations thereunder, and Holdings and the Company shall timely pay or cause to be paid all premiums with respect to the Company D&O Tail Insurance.
Company D&O Tail Insurance has the meaning specified in Section 9.03.
Company D&O Tail Insurance. Section 7.7(c)

Examples of Company D&O Tail Insurance in a sentence

  • If obtained, the Purchaser shall maintain the Company D&O Tail Insurance in full force and effect from and after the Closing, and continue to honor the obligations thereunder, and the Purchaser shall from and after the Closing timely pay or cause to be paid all premiums with respect to the Company D&O Tail Insurance.

  • If obtained, Parent and the Surviving Companies shall maintain the Company D&O Tail Insurance or such other liability insurance in full force and effect, and continue to honor the obligations thereunder, and shall timely pay all premiums with respect to the Company D&O Tail Insurance or such other liability insurance.

Related to Company D&O Tail Insurance

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Insurance Policies has the meaning set forth in Section 3.16.

  • general insurance business means any class of insurance business other than long-term insurance business;

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Property Insurance is defined in Section 6.10(a).

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Casualty insurance means liability insurance.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • First party insurance means an insurance policy or contract in which the insurer

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.