D&O Tail definition

D&O Tail has the meaning specified in Section 7.01(b).

D&O Tail has the meaning specified in Section 5.11(b).

D&O Tail means the tail policy or policies bound in respect of the D&O Insurance, which provide(s) coverage in an aggregate amount not to exceed $55 million.

Examples of D&O Tail in a sentence

• From and after the Closing, the Parent shall (and/or shall cause the Group Companies or its other subsidiaries or Affiliates, as applicable, to) continue to honour its obligations under the D&O Tail, and shall not cancel (or permit to be canceled) or take (or cause to be taken) any action or omission that would reasonably be expected to result in the cancellation thereof.

• SRx Relating to D&O Tail PolicyPrior to the Effective Time, Parent may purchase a prepaid “tail” policy (the “Parent Tail Policy”) with respect to directors’ and officers’ liability insurance coverage for the benefit of those Persons who are currently covered by any comparable insurance policies of Parent as of the date hereof.

• SRx Relating to D&O Tail Policy Prior to the Effective Time, Parent may purchase a prepaid “tail” policy (the “Parent Tail Policy”) with respect to directors’ and officers’ liability insurance coverage for the benefit of those Persons who are currently covered by any comparable insurance policies of Parent as of the date hereof.

More Definitions of D&O Tail

D&O Tail is defined in Section 6.2.

D&O Tail has the meaning set forth in Section 5.4(a) of this Agreement.

D&O Tail means that certain directors’ and officers’ liability insurance policy tail endorsement purchased by the Debtors on or about November 14, 2023.

D&O Tail has the meaning set forth in Section 2.3(l) of this Agreement.

D&O Tail has the meaning assigned to such term in Section 4.13 of the Agreement.

D&O Tail has the meaning given to such term in Section 6.17.

D&O Tail. Section 7.10(b)