Tail Insurance definition
Tail Insurance has the meaning set forth in Section 7.2(b).
Tail Insurance has the meaning set forth in Section 5.10.
Tail Insurance means insurance which covers a professional insured once a claims made malpractice insurance policy is cancelled, not renewed or terminated and covers claims made after such cancellation or termination for acts occurring during the period the prior malpractice insurance was in effect.
Examples of Tail Insurance in a sentence
Parent will cause the Acquired Companies (and their successors) to maintain the Tail Insurance and not take any action to amend, modify or terminate the Tail Insurance during the term thereof without the prior written consent of the officers and managers covered by the Tail Insurance.
The cost of the Tail Insurance will be split equally between the Company and Parent, with the Company’s portion of such cost being treated as a Transaction Expense.
More Definitions of Tail Insurance
Tail Insurance means a fully-paid extended reporting endorsement (tail endorsements) with respect to each insurance policy of Seller providing at least a three (3)-year extended reporting period after the Closing and providing coverage for insured acts and omissions that may have occurred prior to the Closing.
Tail Insurance. Policy. Effective at the Closing, YSI shall provide, at its sole expense, for the benefit and in the name of the Company and the Subsidiaries, a so-called "tail insurance" policy covering professional liability and malpractice claims against the Company and the Subsidiaries for a period of seven (7) years subsequent to the Closing Date and providing insurance in favor of such entities with such deductibles and otherwise substantially similar to the professional liability insurance policy in effect for the Company and the Subsidiaries immediately prior to the Closing, all with an insurer reasonably satisfactory to the Purchaser and pursuant to a policy of insurance that is reasonably satisfactory to the Purchaser.
Tail Insurance. Policy. Effective at the Closing, the Shareholders shall cause the Company to provide, at its sole expense, for the benefit and in the name of the Company, a so-called "tail insurance" policy covering general and professional liability and malpractice claims against the Company for all periods prior to the Closing Date with such deductibles and terms
Tail Insurance has the meaning ascribed thereto in Section 7.14 of this Agreement.
Tail Insurance. As defined in Section 6.1. Taxes. As defined in Section 3.24. Third-Party Claim. As defined in Section 10.7.
Tail Insurance is defined in Section 6.9 of this Agreement.
Tail Insurance as defined in Section 8.5;