Examples of Hartford Protected Parties in a sentence
Nothing contained in this Agreement, or in any negotiations, discussions, correspondence or other materials of any kind relating to this Agreement or relating to the negotiation of this Agreement, shall be deemed to be an admission on the part of the Parties, the Hartford Protected Parties, Joining State Court Counsel, or Joining Local Councils with respect to any matter or any factual or legal issue of any kind.
The Hartford Protected Parties are protected against any liability, loss, or expense with respect to any Claim by any Chartered Organization arising out of or relating to coverage for Abuse Claims under any Hartford Policy or any other insurance policy issued or allegedly issued by any Hartford Protected Party, as set forth in Section VI.D of this Agreement.
Except as otherwise provided in this Agreement, the release of the Hartford Protected Parties shall not affect any Claims of the Debtors, their Estates, Reorganized BSA, the Settlement Trust, the AHCLC, the Joining Local Councils, the Coalition, the FCR, other Protected Parties, Limited Protected Parties, or Chartered Organizations against other Insurance Companies or with respect to the Hartford Non-Abuse Insurance Policies.
Without limiting the foregoing, subject to Confirmation of the Plan and approval of the applicable Insurance Settlement Agreement by an order or orders of the Bankruptcy Court (including in the Confirmation Order), Century, the Chubb Companies, Clarendon, the Hartford Protected Parties, the Zurich Affiliated Insurers and the Zurich Insurers are each Settling Insurance Companies and shall be designated as such in the Confirmation Order and the Affirmation Order.
For the avoidance of doubt, the dismissal of Claims against the Hartford Protected Parties pursuant to this Section VII.E shall not require the dismissal of any other Claims asserted in the Coverage Actions that are permitted to be asserted in accordance with Section VII.A of this Agreement against any other Insurance Company or Entity that is not a party to this Agreement.
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Subject to modification by the Debtors, the Coalition, and the FCR, the Trust Distribution Procedures may be in the form attached as Exhibit A to the Third Modified Fifth Amended Plan; provided that the Trust Distribution Procedures shall require each Trust Payee to release and grant protections to the Hartford Protected Parties as set out in Section VII.F below.
Upon the Release Date, the Parties shall receive the benefit of the releases of and by the Parties, the Debtors’ Estates, Reorganized BSA, the Settlement Trust, the Local Councils, and the other Protected Parties and Limited Protected Parties, as set forth in Section VII below; provided, however, that the Hartford Protected Parties shall receive the benefit of the Debtors’ release of the Prepetition Hartford Claims when Hartford makes the Initial Payment.
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