Subject Policies definition
Subject Policies means: (i) the policies of insurance listed on Exhibit 1 hereto; (ii) any other liability insurance policies (whether primary, umbrella, or excess), known or unknown, issued or allegedly issued prior to December 31, 2003 by one of the Munich Re-Related Parties listed on Exhibit 3 hereto to a Congoleum-Related Party or under which it (or any of the Congoleum-Related Parties) claims to be insured or otherwise entitled to benefits; provided, however, that any policy of insurance encompassed by Paragraph ▇.▇▇(ii) shall be deemed to be a “Subject Policy” and subject to the release, sale, and injunctive provisions of this Agreement and the Approval Order only to the extent of any Congoleum-Related Party’s rights and interests therein; and provided further that “Subject Policies” shall not be deemed to include (x) the statutory portions of any workers’ compensation policy; (y) any policy of insurance issued by an insurance company other than Munich Re that is or was a party to the Coverage Action; (z) any policy of insurance issued by a Person that is not a Munich Re-Related Party as of the Execution Date that acquires, is merged into, or is acquired by a Munich Re-Related Party on or after the Execution Date; and (aa) any policy of insurance issued to a Person that becomes a Congoleum-Related Party after the Execution Date, except to the extent that any other Congoleum-Related Party had rights thereunder which arose on or before the Execution Date.
Subject Policies means (a) when used with the respect to TIG: (i) the policies of insurance identified next to the word “TIG” on Exhibit 1 hereto; and (ii) any other liability insurance policies (whether primary, umbrella, or excess), known or unknown, issued or allegedly issued prior to December 31, 2003 by one of the TIG-Related Parties listed on Exhibit 3 hereto to a Congoleum-Related Party or under which it (or any of the Congoleum-Related Parties) claims to be insured or otherwise entitled to benefits (“TIG Subject Policies”); and (b) when used with respect to U.S. Fire: (i) the policies of insurance identified next to the word “U.S. Fire” on Exhibit 1 hereto; and (ii) any other liability insurance policies (whether primary, umbrella, or excess), known or unknown, issued or allegedly issued prior to December 31, 2003 by one of the U.S. Fire-Related Parties listed on Exhibit 4 hereto to a Congoleum-Related Party or under which it (or any of the Congoleum-Related Parties) claims to be insured or otherwise entitled to benefits (“U.S. Fire Subject Policies”). It is, however, understood and agreed that any policy of insurance encompassed by Paragraphs I.HH(a)(ii) and I.HH(b)(ii) shall be deemed to be a “Subject Policy,” a “TIG Subject Policy” or a “U.S. Fire Subject Policy” and subject to the release, sale, and injunctive provisions of this Agreement and the Approval Order only to the extent of any Congoleum-Related Party’s rights and interests therein. It is further agreed and understood that “Subject Policies,” “TIG Subject Policies,” and “U.S. Fire Subject Policies” shall not be deemed to include (x) the statutory portions of any workers’ compensation policy; (y) any policy of insurance issued by an insurance company other than TIG or U.S. Fire that is or was a party to the Coverage Action; (z) any policy of insurance issued by a Person that is not a TIG-Related Party or a U.S. Fire-Related Party as of the Execution Date that acquires, is merged into, or is acquired by a TIG-Related Party or a U.S. Fire-Related Party, respectively, on or after the Execution Date; or (aa) any policy of insurance issued to a Person that becomes a Congoleum-Related Party after the Execution Date, except to the extent that any other Congoleum-Related Party had rights thereunder which arose on or before the Execution Date. For the avoidance of doubt, nothing in this Agreement or the Approval Order purports to affect any of the Congoleum-Related Parties’ rights or Interests with respect to an...
Subject Policies means all insurance contracts, policies, certificates, binders, slips, covers or other agreements of insurance, including all supplements, riders, endorsements, renewals and extensions as to the Personal Lines Business issued by the Ceding Companies or any Ceding Company following the Effective Time pursuant to the Underwriting Guidelines or pursuant to written consent of the Reinsurer.
Examples of Subject Policies in a sentence
This Agreement constitutes a final compromise and settlement of all issues concerning the Subject Policies, including the application of the Subject Policies to Asbestos-Released Claims and to all other Claims.
This Agreement resolves all of the Parties’ alleged rights and obligations under, and as and to the extent set forth in the balance of this Agreement and in the Approval Order effects a full release and buyout of, the Subject Policies with respect to: (a) all past, pending, and future known and unknown Asbestos-Released Claims; and (b) all other past, pending and future Claims of any type under or related to the Subject Policies.
The Congoleum Parties may sell the Subject Policies free and clear of Interests under section 363(f) of the Bankruptcy Code because one or more of the criteria set forth in sections 363(f)(1)-(5) of the Bankruptcy Code have been satisfied.
As of each Advance Date, the Collateral, including, without limitation, the Pledged Policies (which, for the avoidance of doubt, includes any Subject Policies), was and is owned by the Borrower (directly or through the Securities Intermediary) free and clear of any Adverse Claim.
The St. Paul Trave▇▇▇▇ Entities allegedly issued certain policies of insuranc▇ ▇▇der which Congoleum is an insured (the "Subject Policies").
More Definitions of Subject Policies
Subject Policies means: (i) all insurance policies at issue in the Coverage Action, listed in Attachment B hereto; and (ii) all known and unknown policies issued or allegedly issued by Mt. ▇▇▇▇▇▇▇▇ and Everest to Congoleum.
Subject Policies means the Pollution Policy and the Liability Policies.
Subject Policies means: (i) all insurance policies at issue in the Coverage Action that were issued by Federal Insurance Company, as listed in Attachment B hereto; and (ii) all known and unknown liability insurance policies (whether primary, umbrella, or excess) issued on or before December 31, 2003 by Federal Insurance Company to Congoleum Corporation. As to any policy that falls within the scope of Section 1.20(ii), such policy shall be deemed to be a “Subject Policy” solely to the extent of Congoleum’s rights and interests therein.
Subject Policies means all polici▇▇ ▇f insurance, whether the policies are primary, umbrella, excess or otherwise, and whether called liability, first party, third party, property, environmental impairment, employer liability or otherwise and whether known or unknown, issued by any St. Paul Travelers Entity prior to the Execution Date: (i) to any Congole▇▇ ▇ntity; and/or (ii) under which any Congoleum Entity claims to be entitled to insurance, rights or benefits, except for the statutory portion of any workers' compensation policy. Notwithstanding the above, the Parties agree that: (a) Policy Nos. QK09000534, QK09000747, 06 XN 22205576, 0369JM0112, OC06900058, and MOC 0645B63A issued by one or more of the St. Paul Travelers Entities to ABI shall be deemed "Subject Policies" but ▇▇▇y with respect to Claims arising from, relating to or involving asbestos-related Claims, including but not limited to
Subject Policies shall not include: (x) any policy of insurance issued by a Person that is not a St. Paul Travelers Entity as of the Execution Date that acquires, is merg▇▇ ▇nto, or is acquired by a St. Paul Travelers Entity on or after the Execution Date; (y) any policy ▇▇ ▇nsurance issued to a Person that was not a Congoleum Entity on or before the Execution Date, except to the extent that a Congoleum Entity had rights thereunder which arose on or before the Execution Date; and/or (z) any policy of insurance set forth in Exhibit C hereto.
Subject Policies has the meaning set forth in Section 5.9(k).
Subject Policies shall include only the rights of a Congoleum Entity thereunder, and shall not include the rights of any other Person, including any ABI Entity, thereunder. For the purposes of this Settlement and Buyback Agreement, the Parties agree that "Subject Policies" shall not include: (x) any policy of insurance issued by a Person that is not a St. Paul Travelers Entity as of the Execution Date that acquires, is merg▇▇ ▇nto, or is acquired by a St. Paul Travelers Entity on or after the Execution Date; (y) any policy ▇▇ ▇nsurance issued to a Person that was not a Congoleum Entity on or before the Execution Date, except to the extent that a Congoleum Entity had rights thereunder which arose on or before the Execution Date; and/or (z) any policy of insurance set forth in Exhibit C hereto.