Tail Insurance Coverage definition

Tail Insurance Coverage shall have the meaning set forth in Section 5.7 of the Agreement.
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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
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Tail Insurance Coverage. “Tail Insurance Coverage” shall have the meaning set forth in Section 5.7 of the Agreement.
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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 6.5.2.
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Tail Insurance Coverage has the meaning given to it in Section 7.14(a).
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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.
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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.
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Tail Insurance Coverage. 5.18(b) “Termination Date” 7.1(b) “Third-Party Claim” 8.8
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Related to Tail Insurance Coverage

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • 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.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • 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.

  • Blanket travel insurance means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Dental Insurance The District shall contribute $360.00 annually toward the cost of dental insurance whether for single or family coverage for full-status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction.

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

  • Property Insurance is defined in Section 6.10(a).

  • Blanket insurance policy means a group policy covering a defined class of

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Casualty insurance means liability insurance.

  • 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.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • 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

  • Company Insurance Policies has the meaning set forth in Section 4.15.