D&O Tail definition

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

D&O Tail shall have the meaning in Section 5.12(c).

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

• The Company shall bear the cost of the D&O Tail Policy, and such costs, to the extent not paid prior to the Closing, shall be included in the determination of Transaction Expenses.

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

• The premium for the D&O Tail Policies shall be pre-paid for the full six-year term of the D&O Tail Policies.

• The Debtors are further authorized to take such actions, and to execute and deliver such documents, as may be reasonably necessary or appropriate to implement, maintain, cause the binding of, satisfy any terms or conditions of, or otherwise secure for the insureds the benefits of the D&O Tail Policy, without further notice to or order of the Bankruptcy Court or approval or consent of any Person or Entity.

• During the term of the D&O Tail Policy, Parent shall not (and shall cause the Surviving Corporation not to) take any action following the Closing to cause the D&O Tail Policy to be cancelled or any provision therein to be amended or waived; provided, that neither Parent, the Surviving Corporation nor any Affiliate thereof shall be obligated to pay any premiums or other amounts in respect of such D&O Tail Policy.

More Definitions of D&O Tail

D&O Tail shall have the meaning set forth in Section 7.15(b).

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

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

D&O Tail. Is defined in Section 5.3(b).

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. Section 7.10(b)

D&O Tail has the meaning set forth in Section 6.15(c). “Deductible” has the meaning set forth in Section 9.2(b).