Settling D&O Insurers definition

Settling D&O Insurers means the D&O Insurers who entered into the D&O Insurance Coverage Settlement with the Debtors and the Defendant Directors and Officers, whereby such D&O Insurers agreed to settle their prospective liability in the D&O Insurance Coverage Action for the D&O Insurance Settlement Amount. For the avoidance of doubt, the Settling D&O Insurers do not include RSUI.

Settling D&O Insurers means: Federal Insurance Company (“Federal”); XL Specialty Insurance Company (“XL”); Zurich American Insurance Company; St. Paul Mercury Insurance Company (incorrectly named in the D&O Insurance Coverage Action as “The St. Paul Travelers Co., Inc.”); National Union Fire Insurance Company of Pittsburgh, Pa; Arch Insurance

Examples of Settling D&O Insurers in a sentence

• Second, reduced requirements for collateral in the ECG program may also exacerbate the moral hazard problem on the part of borrower firms, such as reduced managerial effort (Boot, Thakor, and Udell, 1991) and/or the asset substitution (Stulz and Johnson, 1985).

• Second, consistent with the second Justice Oaks II Factor, the Settlement Agreement eliminates any potential collection risk with respect to the Settling D&O Insurers and assures timely payment.

• By the Motion, the Parties seek entry of an order approving an agreement that resolves the Fiduciary Duty Action, the D&O Insurance Coverage Action and other claims between and among, on the one hand the Debtors, the Committee and the Agents on behalf of themselves and their respective Prepetition Secured Lenders and, on the other hand, the Settling Defendants and Settling D&O Insurers.

• Costs based on hourly rates with an estimated total fee of $10,700 with funding coming from Technology Fund.* The GeoMoose is the interactive web map available on the county website.

• Farmers were asked to give an account of crop losses incurred in terms of percentage loss under mild, moderate, severe and very severe bean fly attack.

• On the Settlement Effective Date, the Fiduciary Duty Action will be dismissed with prejudice and the D&O Insurance Coverage Action will be dismissed as against the Settling D&O Insurers, but will continue as against RSUI.

• Unless any other Party has sent a counter-notice under Section 6(c), the Settling D&O Insurers shall transfer the amounts required by Section 5(a) to the Escrow Agent within ten(10) business days after receiving notice under Section 6(b) (the “ Payment Date”).

• Except for the Settling D&O Insurers, the Parties hereby consent to the jurisdiction of the Bankruptcy Court for all matters relating to this Settlement Agreement.

• For the avoidance of doubt, while amendment of the Plan to include the Settling Defendants, the Settling D&O Insurers, and XL Bermuda as releasees under Article VIII.C of the Plan, to the same extent as provided to other proposed releasees thereunder, is a condition precedent to the Effective Date of the Settlement Agreement, approval of Article VIII.C of the Plan by the Bankruptcy Court shall not be a condition precedent to the Effective Date of this Settlement Agreement.

• Federal and XL waive any rights under the IFA or otherwise to recoupment against each other, the Settling Defendants, counsel for the Settling Defendants, or the other Settling D&O Insurers and XL Bermuda.