Zurich Insurance Settlement Agreement definition

Zurich Insurance Settlement Agreement means that certain settlement agreement by and between the Zurich Insurers, the Debtors, the Ad Hoc Committee, the Coalition, and the Future Claimants’ Representative, as joined by certain state court counsel to holders of Direct Abuse Claims and Local Councils that have executed or agree to execute a joinder, as such agreement was described (as a settlement in principle) in the term sheet appended to the Ninth Mediator’s Report [D.I. 7928] filed on December 22, 2021, and as such agreement has been subsequently set forth in and superseded by a definitive written settlement agreement that is consistent with such term sheet and was executed by all of the parties thereto as of February 14, 2022 (and any additional parties that execute a joinder thereto). The executed Zurich Insurance Settlement Agreement was filed on the docket of the Chapter 11 Cases [D.I. 8817-2] and attached hereto as Exhibit I-3.
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Zurich Insurance Settlement Agreement means the agreement attached as Exhibit 2 to Docket No. 8817, filed with the Court on February 15, 2022.
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Zurich Insurance Settlement Agreement means that certain settlement agreement by and between the Zurich Insurers, the Debtors, the Ad Hoc Committee, the Coalition, the Future Claimants’ Representative, and certain state court counsel to holders of Direct Abuse Claims, as such agreement is described in the term sheet appended to the Ninth Mediator’s Report [D.I. 7928] filed on December 22, 2021, and as
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Examples of Zurich Insurance Settlement Agreement in a sentence

  • The Hartford Insurance Settlement Agreement, the Century and Chubb Companies Insurance Settlement Agreement, the Clarendon Insurance Settlement Agreement, and the Zurich Insurance Settlement Agreement are each approved in their entireties.

  • The Official Tort Claimants Committee supports the Century and Chubb Companies’ Insurance Settlement Agreement [D.I. 8817-1], the Zurich Insurance Settlement Agreement [D.I. 8817-2], and the Plan and shall proffer no evidence or testimony through Mark Kolman or Katheryn McNally challenging the settlements or settlement agreements reached between the BSA and Century and Chubb Companies and the BSA and Zurich or the reasonableness or terms of these settlements.

  • A list of Zurich North America-affiliated underwriting companies is attached to the Zurich Insurance Settlement Agreement.

  • The Court hereby makes the findings set forth in Section II.B.2 of the Hartford Insurance Settlement Agreement as if fully set forth herein, and such findings shall also apply with respect to the Century and Chubb Companies Insurance Settlement Agreement, the Clarendon Insurance Settlement Agreement, and the Zurich Insurance Settlement Agreement mututis mutandis.


More Definitions of Zurich Insurance Settlement Agreement

Zurich Insurance Settlement Agreement means that certain settlement agreement by and between the Zurich Insurers, the Debtors, the Ad Hoc Committee, the Coalition, the Future Claimants’ Representative, and certain state court counsel to holders of Direct Abuse Claims, as such agreement is described in the term sheet appended to the Ninth Mediator’s Report [D.I. 7928] filed on December 22, 2021, and as such agreement may be subsequently set forth in and superseded by a definitive written settlement agreement that is consistent with such term sheet and executed by all of the parties thereto (and any additional parties that execute a joinder thereto). Upon its execution by all of the parties thereto, the Zurich Insurance Settlement Agreement shall be filed on the docket of the Chapter 11 Cases and attached hereto as Exhibit I-3. Pending such execution, the term sheet shall serve as the description of the applicable agreement.
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Related to Zurich Insurance Settlement Agreement

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • Sponsored captive insurance company means a captive insurance company:

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.