Examples of Hartford Protected Parties in a sentence
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.
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.
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.
Further, said obligations of Hartford shall be conditioned on the simultaneous effectuation of the Sale, as set out in Section VI.A below, and release of the Released Claims against the Hartford Protected Parties, as set out in Section VII.A below, unless waived in writing by Hartford.
This Agreement is intended to confer rights and benefits only on the Parties to the Agreement, the Hartford Protected Parties, Joining State Court Counsel, and Joining Local Councils.
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.
The Hartford Protected Parties shall receive releases of, and injunctive and other protections against, Abuse Claims and any other Claims by any Entity relating to any Hartford Protected Party’s provision of insurance covering Abuse Claims, that are equal in breadth to the broadest releases and injunctive and other protections afforded to any other Settling Insurance Company under the confirmed Plan, Confirmation Order, or any applicable Insurance Settlement Agreement approved by the Bankruptcy Court.
Without limiting the foregoing, the Hartford Protected Parties shall receive protections against such Claims by Chartered Organizations equal in breadth to the broadest protections received by any other Settling Insurance Company under the Plan as confirmed by the Bankruptcy Court, the Confirmation Order, or any Insurance Company Settlement approved by the Bankruptcy Court.
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.
The Insurance Settlement Agreements are approved as set forth in the Confirmation Opinion, and the Hartford Protected Parties, the Century and Chubb Companies, the Zurich Affiliated Insurers and the Zurich Insurers, and Clarendon are each designated as a Settling Insurance Company.