Runoff Endorsements definition

Runoff Endorsements means the runoff endorsements to the existing insurance policies extending coverage for current and former directors, officers, employees, attorneys, other professionals and agents of each of the Debtors for a period of 6 years after the Effective Date for covered liabilities arising from activities occurring prior to the Effective Date, which runoff endorsements shall be on terms, including cost, acceptable to the Debtors and the Requisite Lenders (in their sole discretion) (provided that the proposed terms of the runoff endorsements from AEGIS provided to the Debtors through Aon Risk Services Southwest, Inc. by email dated as of September 16, 2020 and shared by counsel to the Debtors with counsel to the DIP Secured Parties and the First Lien Secured Parties on September 16, 2020 at approximately 10:25 p.m. prevailing Eastern time shall be deemed to be acceptable to the Debtors and the Requisite Lenders).
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Runoff Endorsements means the runoff endorsements to the existing insurance policies extending coverage for current and former directors, officers, employees, attorneys, other professionals and agents of each of the Debtors for a six-year period after the Effective Date for covered liabilities arising from activities occurring prior to the Effective Date.
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Related to Runoff Endorsements

  • Necessary Endorsement means undated stock powers endorsed in blank or other proper instruments of assignment duly executed and such other instruments or documents as the Agent (as that term is defined below) may reasonably request.

  • Indorsement has the meaning specified in Section 8-102(a)(11) of the UCC, and “Indorsed” has a corresponding meaning.

  • Licensure by endorsement means the issuance of an Iowa license to practice as a barber to an applicant who is or has been licensed in another state.

  • Endorsement contract means an agreement under which a student athlete is employed or receives consideration to use on behalf of the other party any value that the student athlete may have because of publicity, reputation, following, or fame obtained because of athletic ability or performance.

  • Endorsement means a written endorsement issued by Us on the Schedule to record any changes to the applicable terms and conditions of this Policy or the details contained in the Schedule. Endorsements shall form a part of this Policy and shall be binding on You and Us. It is agreed that the terms of an Endorsement shall supersede any conflicting provisions in this Policy Document, Rider or Schedule.