Current D&O Insurance definition

Current D&O Insurance means the current directors’ and officers’ liability insurance policies maintained by the Company as of the date of this Agreement.

Current D&O Insurance has the meaning set forth in Section 6.6(c).

Current D&O Insurance means the current policies of the directors’ and officers’ liability insurance maintained by the Company as of the date of this Agreement.

Examples of Current D&O Insurance in a sentence

• If Public Company’s existing insurance expires, is terminated or canceled during such six-year period or exceeds the Maximum Premium, Public Company shall obtain, as much directors’ and officers’ liability insurance as can be obtained for the remainder of such period for an annualized premium not in excess of the Maximum Premium, on terms and conditions no less advantageous to the Indemnified Persons than the Current D&O Insurance.

• The more professionals understand resiliency, the better they can successfully safeguard against undesired outcomes with youth at risk.

• Notwithstanding anything to the contrary in this Agreement, the Company may, prior to the Effective Time, purchase a Reporting Tail Endorsement, provided that the Company does not pay for such Reporting Tail Endorsement more than six (6) times the last annual premium paid prior to the Effective Time for the Current D&O Insurance.

• The Current D&O Insurance does not contain any exclusion (other than such as are normal and customary in directors’ and officers’ insurance policies) applicable to the Merger and the transactions contemplated thereby.

• The Company represents to Parent and Merger Sub that the Current D&O Insurance Cost is $342,133.

• The Current D&O Insurance extends to “claims” for “wrongful acts” which may result in “loss” to (i) the Company’s directors and officers and/or (ii) the Company itself for “securities claims,” as those terms are commonly understood in the insurance industry, including coverage for all manner of investigations and proceedings including defense costs with respect thereto.

• A commitment to transparency must be an integral element in the poverty impact assessment process.

• The D&O Runoff Insurance shall be on terms with respect to the coverage and amounts that are substantially equivalent to those of the Current D&O Insurance or, if substantially equivalent insurance is unavailable, the best available coverage.

• Notwithstanding the foregoing, in no event will Parent be required to expend, in the aggregate, an amount in excess of 300% of the annual premiums currently paid by the Company and its Subsidiaries for the Current D&O Insurance (the “Maximum Premium”).

• The obligations set forth in this Section 4.11 shall not be terminated, amended or otherwise modified in any manner that adversely affects any Indemnified Party, any other person who is a beneficiary under a Current D&O Insurance Policy or any of their respective heirs or legal representatives without the prior written consent of such affected Indemnified Party or other person.

More Definitions of Current D&O Insurance

Current D&O Insurance means the current directors’ and officers’ liability insurance policies maintained by SunLink as of the date of this Agreement.

Current D&O Insurance is defined in Section 6.6(b) of the Agreement.