Examples of Settling D&O Insurers in a sentence
Pursuant to the D&O Insurance Coverage Settlement Agreement, the Settling D&O Insurers agreed to pay the D&O Insurance Settlement Amount in settlement of the Fiduciary Duty Action, the D&O Insurance Coverage Action as it relates to the Settling D&O Insurers and the Prepetition Secured Lender Demand Claims against the Defendant Directors and Officers, in each case, other than with respect to the RSUI Insurance Coverage Action.
No further payments of any sort or kind shall be payable by the Settling D&O Insurers under the Insurance Policies or by XL Bermuda under the XL Bermuda Policies, including, but not limited to, further payments to the Debtors, the Committee, the Settling Defendants, D&O Defense Counsel, the Prepetition Secured Lenders, the Agents, any person who qualifies as an Insured under the Insurance Policies, and any person or entity who asserts a claim against any Insured under the Insurance Policies.
Once the Settling D&O Insurers have made the Payments in Section 5, the Insurance Policies will be exhausted.
In addition, the Settling D&O Insurers agreed to pay the fees and expenses of the Defendant Directors and Officers in connection with the Fiduciary Duty Action, the D&O Insurance Coverage Action, the D&O Insurance Coverage Settlement and the Plan up to $8,270,000 for fees and expenses incurred in connection with the Fiduciary Duty Action, the D&O Insurance Coverage Action, the D&O Insurance Coverage Settlement and the Plan prior to March 19, 2013.