PD INSURANCE COVERAGE definition
PD INSURANCE COVERAGE means insurance coverage, not reduced to Cash Settlement Proceeds, available in respect of Property Claims and/or PD Trust Expenses U) pursuant to any Settlement Agreement or (ii) under any Policy. PD INSURANCE PROCEEDS means (i) all Cash Settlement Proceeds paid or payable to the PD Trust pursuant to Settlement Agreements and (ii) all Non-Cash Settlement Proceeds of PD Insurance Coverage. PD Insurance Proceeds shall be deemed received by the PD Trust when actually received by the PD Trust or when paid to another Person in respect of a Liquidated Property Claim or a PD Trust Expense. PD STOCK PROCEEDS FUND has the meaning assigned to it in Section 4.01 of the PD Trust Agreement.
PD INSURANCE COVERAGE means insurance coverage, not reduced to Cash Settlement Proceeds, available in respect of Property Claims and/or PD Trust Expenses (i) pursuant to any Settlement Agreement or (ii) under any Policy.