Examples of Hartford Policies in a sentence
The Debtors, on the one hand, and Hartford, on the other, will grant complete mutual releases as to, among other things, any and all past, present, or future Claims in connection with, relating to, or arising out of, in any manner or fashion, the Tort Claims, the Hartford Policies and the Reorganization Cases, as set forth in the Hartford Agreement.
Subject to the Hartford Agreement, the provisions of Section 26.5 of the Plan will further operate, as between all Protected Parties, as a mutual release of all Claims relating to the Debtors, the Claims against the Debtors and the Hartford Policies, which any Protected Party may have against another Protected Party except as may be specifically reserved or set forth in the Hartford Agreement or the Plan.
The terms of the settlement involves, among other things, a sale of certain Hartford Policies.
Under the settlement, Hartford agreed to pay $17,500,000 to resolve any claims relating to insurance coverage and to “purchase-back” all of Sepco’s interests in the Hartford Policies that Hartford had issued.
An actual and justiciable controversy exists regarding whether the Underlying Lawsuits involve one or more than one occurrence and, if more than one, then how many occurrences under each of the Hartford Policies.
The Hartford Policies require BSA to obtain Hartford’s consent to settle the Underlying Lawsuits.
Of course, Volvo should continue to improve its working process to be more efficient in operation, just as it did before the acquisition.
Hartford seeks a declaration that the Hartford Policies do not provide coverage for any Underlying Lawsuits for which BSA did not provide notice.
An actual and justiciable controversy exists regarding whether there is coverage for the Underlying Lawsuits under the Hartford Policies because the alleged injury was not caused by an occurrence under the Hartford Policies, i.e., there was no “accident” and the alleged injury was expected and/or intended.
The Debtors anticipate that the sale of the Hartford Policies under 11 U.S.C. § 363 will be approved through the Confirmation Order and/or through an order granting a motion to approve the Hartford Agreement.