Security Holder Demand definition
Security Holder Demand means any written demand made by one or more security holders of the Company upon the Company’s Board of Directors to bring a civil proceeding against any of the Insured Persons for a Wrongful Act.
Examples of Security Holder Demand in a sentence
It shall be the duty of the Insureds and not the duty of the Coverage Provider to defend Claims, Investigations or Inquiries, including the investigation, review and evaluation of any Security Holder Demand or to respond to any Books and Records Demand.
No settlement shall be made and no Costs, Charges and Expenses, Facilitation Costs, Inquiry Costs, Security Holder Demand Investigatory Costs or Books and Records Costs shall be incurred without Coverage Provider’s consent, such consent not to be unreasonably withheld.