Examples of Zurich Affiliated Insurers in a sentence
Zurich Insurers and Zurich Affiliated Insurers shall not object to the Trust Distribution Procedures but may add a statement in the Amended Plan that Zurich Insurers and Zurich Affiliated Insurers are Settling Insurance Companies and, as a result, take no position on the Trust Distribution Procedures.
In addition to providing direct notice to all parties in interest in the bankruptcy case (including all known claimants against Debtors), Debtors shall provide appropriate broad notice by publication and otherwise to ensure that the injunctions protecting the Zurich Insurers and the Zurich Affiliated Insurers against Abuse Claims shall be effective as against all persons who assert, have asserted, or may in the future assert, Abuse Claims.
Upon the Release Date, the Trust shall release Zurich Insurers and Zurich Affiliated Insurers from all Causes of Action and Claims that the Trust holds relating to the Zurich Insurer Policies, provide the other releases contained in the Agreement, and otherwise perform as required in the Agreement.
Zurich Insurers and Zurich Affiliated Insurers shall not seek or direct any additional discovery from such parties, the BSA, or the Local Councils, or any other party in interest in the Chapter 11 Cases or any proceedings related to the Chapter 11 Cases, nor shall Zurich Insurers and Zurich Affiliated Insurers cooperate with any other insurer’s or putative objector’s discovery requests in the Chapter 11 Cases or any proceedings related to the Chapter 11 Cases.
If another Settling Insurance Company receives broader releases or protections concerning Causes of Action and Claims related to its policies (including its Abuse Insurance Policies) than those provided to Zurich Insurers or Zurich Affiliated Insurers in the Agreement or Amended Plan, then Zurich Insurers and Zurich Affiliated Insurers shall receive the benefit of those broader releases and protections automatically and without the necessity of further actions by the Parties.
Subject to all of the terms and conditions of the Plan and the Agreement, including the Zurich Insurers’ payment of the Settlement Amount, the Zurich Insurers and the Zurich Affiliated Insurers shall be designated as Settling Insurance Companies and Protected Parties under the Plan, entitled to the protection of the Channeling Injunction.
Zurich Insurers and Zurich Affiliated Insurers shall not object to the Amended Plan, the Settlement Trust Agreement, or the Trust Distribution Procedures (and shall withdraw any pending objections) so long as Zurich Insurers and Zurich Affiliated Insurers are included as Protected Parties in the Amended Plan, and the Amended Plan is otherwise consistent with the terms of this Term Sheet and the Agreement.
The Agreement will provide that the release of Zurich Insurers and Zurich Affiliated Insurers shall not affect claims against other insurance companies, subject to the limitation that Zurich Insurers and Zurich Affiliated Insurers shall not assert claims against other Settling Insurance Companies.
On the Release Date, all Abuse Claims against insureds and co-insureds covered under insurance policies issued by the 6 For the avoidance of doubt, the releases, protections, and limitations provided in this Term Sheet and the Agreement, including to Zurich Insurers and Zurich Affiliated Insurers, shall be no broader and no narrower than those provided in the Century Term Sheet to the “Settling Insurers” as defined in the Century Term Sheet.
Zurich Insurers and Zurich Affiliated Insurers shall not participate in or otherwise interfere with the administration of the Trust.