Examples of Hartford Parties in a sentence
Notwithstanding the foregoing, nothing herein shall be construed as prohibiting any of the Hartford Parties from seeking recovery from their reinsurers.
To ensure that such a reduction is accomplished, the Hartford Parties shall be entitled to assert this Section 23.2 and the provisions of the Hartford Agreement as a defense to any action against them brought by any other Person for any such portion of the judgment or Claim and shall be entitled to request that the court or appropriate tribunal issue such orders as are necessary to effectuate the reduction to protect the Hartford Parties from any liability for the judgment or Claim.
In consideration of their respective contributions towards funding the Plan and the Trust, the Hartford Parties will receive the benefit of injunctions and releases provided under the Plan.
The Hartford Parties shall not seek reimbursement for any payments they make under the Hartford Agreement or the Plan under theories of contribution, subrogation, indemnification, or similar relief from any other insurer unless such other insurer first seeks contribution, subrogation, indemnification, or similar relief from any of the Hartford Parties.
The Hartford Parties shall not seek reimbursement for any payments they make under the Hartford Agreement or the Plan under theories of contribution, subrogation, indemnification, or similar relief from any other Insurer unless such other Insurer first seeks contribution, subrogation, indemnification, or similar relief from any of the Hartford Parties.
Notwithstanding any other provision of the Plan, nothing in this Article 23 shall (i) affect or be construed to restrict or limit the scope or application of the Channeling Injunction or the Supplemental Insurance Injunction or (ii) alter, impair, or diminish any of the protections afforded to Hartford or the Hartford Parties under the Plan, the Confirmation Order, the Hartford Agreement or the order approving the Hartford Agreement.
In the event that the Hartford Parties have paid the Settlement Amount and a Final Order has been entered either dismissing the Bankruptcy Case or converting it to a case under Chapter 7 of the Bankruptcy Code, then this Agreement shall remain in place, but the Parties shall be excused from performing any obligations provided herein which cannot be performed absent the pendency of a case under Chapter 11 of the Bankruptcy Code.
The Hartford Parties are good faith purchasers of the Subject Policies for value within the meaning of section 363(m) of the Bankruptcy Code and are entitled to the protection thereof.
On or before the Effective Date, the Bankruptcy Court shall have approved, by Final Order, such global compromise and the Bankruptcy Court’s findings shall constitute its determination that such compromises and settlements are in the best interests of the Debtors, the Crosier Fathers Parties, the Estates, the Tort Claimants, the Unknown Tort Claimants, holders of other Claims, Hartford, the Hartford Parties and other parties in interest, and are fair, equitable and within the range of reasonableness.
Upon the Execution Date, Congoleum and the Hartford Parties shall continue completely to stand still in the Coverage Action with respect to one another, including with respect to third-party discovery relevant to their claims and defenses against one another, and they shall promptly file such papers as are necessary to effect such a standstill of the Coverage Action.