D&O Tail Insurance definition

D&O Tail Insurance has the meaning as set forth in Section 5.05(b).

D&O Tail Insurance that is substantially equivalent to and in any event not less favorable in the aggregate than the Purchaser’s existing policy or, if substantially equivalent insurance coverage is unavailable, the best available coverage. 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.

D&O Tail Insurance has the meaning set forth in Section 7.13(b).

Examples of D&O Tail Insurance in a sentence

• 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.

• If obtained, the Purchaser shall maintain the Purchaser 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 Purchaser D&O Tail Insurance.

• Parent shall cause such D&O Tail Insurance to be maintained in full force and effect, for its full term, and cause the other Purchaser Parties to honor all obligations thereunder.

• 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.

• Parent shall cause such D&O Tail Insurance to be maintained in full force and effect, for its full term, and cause the other Parent Parties to honor all obligations thereunder.

More Definitions of D&O Tail Insurance

D&O Tail Insurance. Section 7.7(b)

D&O Tail Insurance that is substantially equivalent to and in any event not less favourable in the aggregate than Purchaser’s existing policy or, if substantially equivalent insurance coverage is unavailable, the best available coverage. If obtained, Pubco shall for a period of six (6) years after the Merger Effective Time, maintain the D&O Tail Insurance in full force and effect, and continue to honour the obligations thereunder, and Pubco shall timely pay or cause to be paid all premiums with respect to the D&O Tail Insurance.

D&O Tail Insurance has the meaning set forth in Section 5.9(c) (D&O Indemnification, Exculpation and Insurance);

D&O Tail Insurance that is substantially equivalent to and in any event not less favorable in the aggregate than JWAC’s existing policy or, if substantially equivalent insurance coverage is unavailable, the best available coverage. If obtained, Pubco and JWAC shall, for a period of six (6) years after the Merger Effective Time, maintain the D&O Tail Insurance in full force and effect, and continue to honor the obligations thereunder, and Pubco and JWAC shall timely pay or cause to be paid all premiums with respect to the D&O Tail Insurance. The D&O Indemnified Parties are intended third party beneficiaries of this Agreement for purposes of this Section 8.16 and shall have the right to enforce this Section 8.16 as though a party to this Agreement.

D&O Tail Insurance that is substantially equivalent to and in any event not less favorable in the aggregate than, as applicable, SPAC’s or the Company’s existing policy or, if substantially equivalent insurance coverage is unavailable, the best available coverage. If obtained, Pubco and the Surviving Subsidiaries shall maintain the D&O Tail Insurance in full force and effect, and continue to honor the obligations thereunder, and Pubco and the Surviving Subsidiaries shall timely pay or cause to be paid all premiums with respect to the D&O Tail Insurance.

D&O Tail Insurance means that certain tail insurance policy the Debtor will make a good faith reasonable best effort to purchase on or before the Effective Date for the benefit of those Persons who served as its directors and officers on or subsequent to the Petition Date for a tail period not to exceed six years (but which may be shorter) and whose premium does not exceed 100% of the current year’s directors’ and officers’ insurance premium, which policy cannot be cancelled by the Debtor, Reorganized AG, or any successor in interest thereto after such purchase; provided, however, that the Debtor’s obligation to procure this insurance shall be a one time event.

D&O Tail Insurance that is substantially equivalent to and in any event not less favorable in the aggregate than the Company or SPAC’s existing policy, as applicable, or, if substantially equivalent insurance coverage is unavailable, the best available coverage. If obtained, Pubco, the SPV Surviving Company and the SPAC Surviving Company shall, for a period of six (6) years after the Effective Time, maintain the D&O Tail Insurance in full force and effect, and continue to honor the obligations thereunder, and Pubco, the SPV Surviving Company and the SPAC Surviving Company shall timely pay or cause to be paid all premiums with respect to the D&O Tail Insurance that have not been paid by the Company or SPAC, as applicable.