Examples of Tail Policy in a sentence
All costs and expenses of the D&O Tail Policy shall constitute a Transaction Expense if not paid prior to the Closing Date.
The D&O Tail Policy will be for a claim period of [**] following the Closing Date and provide for coverage and amounts as are acceptable to the Requisite Vendors.
If such coverage is not placed with the incumbent insurance carriers using the policies that were in place at the time of the change of control or insolvency event, the Tail Policy shall be substantially comparable in scope and amount as the expiring policies, and the insurance carriers for the Tail Policy shall have an AM Best rating that is the same or better than the AM Best ratings of the expiring policies.
Without limiting the foregoing, Buyer shall pay and be solely responsible for (a) all premiums, broker fees and taxes and other fees and expenses incurred by Buyer in connection with the issuance of the R&W Insurance Policy and (b) the fees and expenses of the D&O Tail Policy (including brokerage fees and commissions).