Tail Insurance Coverage definition

Tail Insurance Coverage shall have the meaning specified in Section 6.19.
Sample 1Sample 2
Tail Insurance Coverage has the meaning set forth in Section 6.8.
Sample 1
Tail Insurance Coverage. 5.7(b) “Tax Attribute” 3.17(n) “Tax Authority” 9.1 “Tax Matter” 5.6(c) “Third-Party Claim” 8.7(b) “Third-Party Claim Notice” 8.7(b) “Transactions” Recitals
Sample 1

Examples of Tail Insurance Coverage in a sentence

  • Acquirer shall cause the Surviving Corporation to maintain the Tail Insurance Coverage in full force and effect and continue to honor the obligations thereunder until the sixth anniversary of the Closing Date.

  • The Company shall use commercially reasonable efforts to maintain in force and effect for five years from the Closing Date the Tail Insurance Coverage relating back five years from the Closing Date.

  • Parent shall cause the Surviving Corporation to maintain the Tail Insurance Coverage in full force and effect and continue to honor the obligations thereunder until the sixth anniversary of the Effective Time.

  • The "Tail Insurance Coverage" shall be health care services professional liability coverage with The Doctors Company or such other financially sound and reputable insurance company or association selected by the Company with limits of liability of $1,000,000 per loss.

  • Acquiror shall cause the Surviving Entity to maintain the Tail Insurance Coverage in full force and effect and continue to honor the obligations thereunder until the sixth (6th) anniversary of the Effective Time and may increase the amount of coverage under the Tail Insurance Coverage.

  • The cost of the Tail Insurance Coverage shall be included in the Transaction Expenses.

  • Parent shall cause the Surviving Corporation to maintain the Tail Insurance Coverage in full force and effect and continue to honor the obligations thereunder until the sixth (6th) anniversary of the Closing Date.

  • The cost of the Tail Insurance Coverage, if purchased and not paid for prior to the Closing, shall constitute a Transaction Cost of the Company.

  • Parent shall cause the Surviving Company to maintain the Tail Insurance Coverage in full force and effect and continue to honor the obligations thereunder until the sixth (6th) anniversary of the Effective Time and may increase the amount of coverage under the Tail Insurance Coverage, at its sole cost and expense.

  • The cost of the Tail Insurance Coverage, if purchased, shall constitute a Transaction Cost of the Company.


More Definitions of Tail Insurance Coverage

Tail Insurance Coverage. Is defined in Section 5.3(b).
Sample 1
Tail Insurance Coverage shall be health care services professional liability converge with its current insurers or a financially sound and reputable insurance company or association selected by each Seller with limits of liability of $1,000,000 per loss and $3,000,000 annual aggregate, naming each Seller, its individual shareholders or successor in interest, as may be appropriate, as an insured and covering the health care services professional liability risk arising out of such Seller's operation of the Business and the Facilities on or before the Closing Date. In the alternate, Seller shall have demonstrated to Buyer's satisfaction in its sole discretion, that the policies they have in place will provide coverage in all respects identical to that which would be provided by such Tail Insurance.
Sample 1
Tail Insurance Coverage shall have the meaning ascribed to it in Section 4.8(d).
Sample 1
Tail Insurance Coverage for the current and former directors and officers of the Company and its Subsidiaries as of the Closing Date (the “Covered Persons”), which (i) shall provide the Covered Persons with coverage for seven years following the Closing Date, and (ii) contains coverage under terms comparable to those applicable to the current directors and officers of the Company. Subject to the Closing, Acquirer shall cause the Company and its successors and assigns not to cancel, reduce or adversely modify the terms of the Tail Insurance Coverage and continue to honor the obligations thereunder in accordance with its terms, to the extent permitted by Applicable Law, until the seventh anniversary of the Closing Date.
Sample 1
Tail Insurance Coverage. 5.5(b) “Third-Party Claim Notice” 8.6(b) “Third-Party Claim” 8.6(b) “Transfer Taxes” 5.4(d)
Sample 1
Tail Insurance Coverage. 5.18(b) “Termination Date” 7.1(b) “Third-Party Claim” 8.8
Sample 1

Related to Tail Insurance Coverage

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Health care coverage means any plan providing hospital, medical or surgical care coverage for