Insurance Settlement Agreement definition

Insurance Settlement Agreement means (a) any settlement agreement entered into after the Petition Date and before the Effective Date by and among (i) any Insurance Company, on the one hand, and (ii) one or more of the Debtors and/or any other Protected Party or Limited Protected Party, on the other hand, under which an Insurance Policy and/or the Debtors and/or other Protected Parties’ or Limited Protected Parties’ rights thereunder with respect to Abuse Claims or Non-Abuse Litigation Claims are, subject to Confirmation of the Plan and the entry of a Final Order approving such settlement agreement (which order may be the Confirmation Order), released; and (b) any Post-Effective Date Insurance Settlement entered into during the Insurance Settlement Period by and between (i) any Insurance Company, on the one hand, and (ii) the Settlement Trustee (or the Settlement Trustee and any other Protected Party), on the other hand, under which an Insurance Policy that is subject to the Insurance Assignment and/or the Settlement Trustee’s and/or Protected Parties’ or Limited Protected Parties’ rights thereunder with respect to Abuse Claims or Non-Abuse Litigation Claims are released. All Insurance Settlement Agreements entered into before the Effective Date related to Specified Primary Insurance Policies that release the applicable Insurance Company from liability arising from Non-Abuse Litigation Claims must be acceptable to the Creditors’ Committee in accordance with the terms of the JPM / Creditors’ Committee Term Sheet; provided, however, that with respect to proposed settlements of any Specified Excess Insurance Policy entered into before the Effective Date, the Creditors’ Committee shall have consultation rights.

Insurance Settlement Agreement means the agreement dated 25 June 2004 between Xxxxxx Securitas Versicherungs-Aktiengesellschaft (for itself and as leading underwriter in the name of and on the account of the co-insurers of the Vessel), the Builder and the Borrower in relation to the proceeds of the Insurances in respect of the Incident;

Insurance Settlement Agreement means that certain settlement agreement entered into as of July 30, 2020 between and among the Debtors, BM, the Trusts, the HoldCos and the Insurer Parties, as the same has and may be amended from time to time.

Examples of Insurance Settlement Agreement in a sentence

• Each Parish Settling Insurer and Seminary Settling Insurer is only required to pay the amount required by its respective Insurance Settlement Agreement.

• Each Parish Settling Insurer and Seminary Settling Insurer shall pay to the Trust within thirty days of the Effective Date the amount required by its respective Insurance Settlement Agreement.

• The Settling Asbestos Insurance Companies shall each have an Allowed Administrative Claim for the Pre-524(g) Indemnity (as such term is defined in the applicable Asbestos Insurance Settlement Agreement), in accordance with the terms and conditions of such Asbestos Insurance Settlement Agreement.

• Each Archdiocesan Settling Insurer shall pay to the Trust the sums set forth in their respective Insurance Settlement Agreement (the “Insurance Settlement Amounts”) within the time set forth in their respective Insurance Settlement Agreements.

• The Bankruptcy Court may determine any issue related to an Insurance Settlement Agreement that is necessary to resolve a proof of claim related to such Insurance Settlement Agreement in accordance with this provision, and such decision shall be binding on the parties, subject to the applicable rules of law and procedure, including the right of appeal.

More Definitions of Insurance Settlement Agreement

Insurance Settlement Agreement means the Settlement Agreement, dated October 12, 1993, among the Revolving Borrower, Continental, CNA Casualty, Columbia and Pacific.

Insurance Settlement Agreement means any settlement agreement entered into after the Petition Date and before the Confirmation Date by and among

Insurance Settlement Agreement means a settlement agreement among the Diocese, the Parishes, and a Settling Insurer, which is listed on Exhibit I.

Insurance Settlement Agreement means the Settlement Agreement made as of April 29, 2019 between and among the Debtor, on the one hand, and the Settling Insurers, on the other hand.

Insurance Settlement Agreement means a settlement agreement among the Debtor, other Protected Parties, and applicable Settling Insurer, which is listed on Exhibit G.

Insurance Settlement Agreement means and refers to that certain settlement agreement between the ACE Companies and the Debtor approved and authorized by the ACE Approval Order, a copy of which agreement is on file in the Debtor’s case with the Clerk of the Bankruptcy Court as an Exhibit to the Motion to Approve said settlement.

Insurance Settlement Agreement means a settlement agreement among the Debtor, Parishes, Schools, Other Insured Entities, and Settling Insurers, which is listed on Exhibit G.