Local Council Insurance Policies definition

Local Council Insurance Policies means any and all known and unknown contracts, binders, certificates or insurance policies currently or previously in effect at any time on or before the Petition Date naming the Local Councils, or any of them, or any predecessor, subsidiary, or past or present Affiliate of any Local Council, as an insured (whether as the primary or an additional insured), or otherwise alleged to afford any Local Council insurance coverage, upon which any claim could have been, has been or may be made with respect to any Abuse Claim, including the policies identified on Schedule 3. Notwithstanding the foregoing, Local Council Insurance Policies shall not include: (a) any policy providing reinsurance to any Settling Insurance Company; (b) any Non-Abuse Insurance Policy; (c) any BSA Insurance Policy; or (d) any Postpetition Insurance Policy.
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Local Council Insurance Policies means any and all known and unknown contracts, binders, certificates or insurance policies currently or previously in effect at any time on or before the
Sample 1
Local Council Insurance Policies means any and all known and unknown contracts, binders, certificates or insurance policies currently or previously in effect at any time on or before the EffectivePetition Date naming the Local Councils, or any of them, or any predecessor, subsidiary, or past or present Affiliate of any Local
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Examples of Local Council Insurance Policies in a sentence

  • Absent the settlement, abuse survivors and the Trust will be required to undergo costly and expensive litigation to determine the amount of insurance coverage available to cover Abuse Claims, how the claims would be allocated under the Local Council Insurance Policies, and the complex intricacies caused by the BSA and Local Council’s respective unallocated share/uninsured share of responsibility.

  • All dollar denominated variables are expressed in real terms in 2010 dollars.

  • The lighting of the candle is such a small ritual yet one in which religious and non-religious alike find meaning.

  • Previously, the Plan affected only the BSA Insurance Policies and the Local Council Insurance Policies.

  • Under the Plan, the Local Council Insurance Policies issued by the Settling Insurance Companies are being assigned, with the consent of the Local Councils and the Settling Insurance Companies, to the Debtors.

  • Here, the Plan makes no provision, let alone adequate protection, for the Chartered Organizations’ rights under the BSA Insurance Policies or the Local Council Insurance Policies.

  • Any opinions, findings, conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of NASA.

  • Such Local Council Insurance Policies are therefore property of the Estate under section 541(a)(7) of the Bankruptcy Code, as are the BSA Insurance Policies issued by the Settling Insurance Companies, which are property of the Estate under section 541(a)(1) of the Bankruptcy Code.

  • They must apply in even greater force when the Court is asked to alter rights in insurance policies to which the debtor is a stranger ( e.g., either the Chartered Organizations’ own Independent Coverage or the Local Council Insurance Policies) and, thus, over which the Court has no in rem jurisdiction.

  • Under the Plan, Local Councils will also contribute their rights to the BSA Insurance Policies and the Local Council Insurance Policies.

Related to Local Council Insurance Policies

  • Insurance Policies has the meaning set forth in Section 3.16.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.