Examples of D&O Tail Insurance in a sentence
Parent will cause the Surviving Entity to enforce the D&O Tail Insurance upon request of the D&O Indemnified Persons and will not allow the Surviving Entity to cancel the D&O Tail Insurance during its term.
After the Closing, neither Buyer nor any of its Affiliates, including, from and after the Closing, the Company, will cancel the D&O Tail Insurance.
Notwithstanding any other provision of this Agreement, the Provider Insured Parties waive any and all rights to indemnification solely to the extent of any valid and collectible insurance available and actually received by or for the benefit of the Provider Insured Parties under the D&O Insurance or the D&O Tail Insurance.
The costs associated with obtaining the “tail” insurance policy described in the immediately preceding sentence (the “ D&O Tail Insurance Costs”) shall be borne by the Company and shall constitute a Company Transaction Expense.
Any such D&O Tail Insurance shall expressly cover Parent and the Surviving Corporation as successors in interest.