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.
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Company D&O Tail Insurance. Section 7.7(c)
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Company D&O Tail Insurance has the meaning set forth in Section 6.14(e).
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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, the Company shall maintain the Company D&O Tail Insurance in full force and effect, and continue to honor the obligations thereunder, and the Company shall timely pay or caused to be paid all premiums with respect to the Company D&O Tail Insurance.

  • For the purpose of this Agreement, the purchase of such Company D&O Tail Insurance shall be treated as a Company’s closing expense.

  • The proposal acceptance period is specified in Section A of the model contract/solicitation.

  • For purposes of this Agreement, the purchase of such Company D&O Tail Insurance shall be treated as an Expense of the Company.

  • Power plants that use renewable energy can get aid to their investments depending on the technology used and the size of the power plant.

  • 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.

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

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


More Definitions of Company D&O Tail Insurance

Company D&O Tail Insurance has the meaning specified in Section 9.03.
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Related to Company D&O Tail Insurance

  • 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.

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

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

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • long-term insurance business means long-term insurance business as defined in the Insurance Act, 1943 (Act 27 of 1943), and includes any business which is for the purposes of the said Act dealt with by the Registrar of Insurance as long-term insurance business and any business which in the opinion of the Minister is medical aid insurance business conducted on a non-cancellable basis;

  • 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.

  • Insurance Companies means the companies with whom the Insurance Policies are held.