Century Entities definition

Century Entities means: (i) Century Indemnity Company, ACE American Insurance Company (f/k/a CIGNA Insurance Company), and ACE Property and Casualty Insurance Company (f/k/a CIGNA Property and Casualty Insurance Company); (ii) the direct or indirect predecessors, successors and assigns of each of the foregoing Persons described in Section I.G(i), no matter the degree of removal from the Persons described in Section I.G(i) (which terms shall include any Person who assumes the liabilities of any of the foregoing Persons described in Section I.G(i) and (ii) with the approval of the appropriate insurance commissioner or other official); (iii) the respective officers, directors and attorneys of each of the foregoing Persons identified in Section I.G(i) but only when acting in their capacity as such; (iv) the respective past, present and future, direct and indirect, parents, subsidiaries, and affiliates of the entities identified in Section I.G(i) and (ii), including the entities listed on Exhibit B, when acting in their capacity as such and to the extent that Century Indemnity Company has the power and authority to give the releases set forth in Section VI on their behalf; and (v) the respective past and present officers, directors, employees, shareholders, agents, principals, attorneys, and representatives of the Persons described in Sections I.G(iv), but only when acting in their capacity as such and to the extent that the Century Indemnity Company has the power and authority to give the releases set forth in Section VI on their behalf. Any Person who meets the definition set forth above shall be individually referred to as a "Century Entity."

Century Entities means the Century Parties and various affiliated Persons, all as more particularly described in the definition of “Century Entities” in the Century Settlement Agreement, which definition is incorporated by reference herein.

Century Entities means (i) the Century Parties; (ii) various other Persons affiliated with the Century Parties identified in the definition of “Insurers” in the Century Settlement Agreement, which definition is incorporated by reference herein; (iii) all of

Examples of Century Entities in a sentence

• The Reorganized Debtors shall not voluntarily assist any Person in the establishment of any rights, action, cause of action or claim against the Century Entities in anyway relating to any Asbestos Claim or other claim released under the Settlement and Buyback Agreement.

• Conditioned upon the occurrence of the effective date of a section 524(g) plan of reorganization of the Debtors’ estates, and the confirmation order becoming a final order, the Century Entities will contribute $16.9 million to the Plan Trust.

• The Reorganized Debtors shall not voluntarily assist any Person in the establishment of any rights, action, cause of action or claim against the Century Entities or any other Settling Asbestos Insurance Company in anyway relating to any Asbestos Claim or other claim released under an Asbestos Insurance Settlement Agreement.

• The Debtors also agreed that the Reorganized Debtors will not in any way voluntarily assist any person or entity in the establishment of any right, action, cause of action or claim against the Century Entities in any way relating to any asbestos claim or other claim released under the Century Settlement and Buyback Agreement.

• Pursuant to the Century Settlement and Buyback Agreement and subject to the conditions therein, the Century Entities have agreed to release any Substantial Contribution Claim.

• This Section XIX, and any results of such a review contemplated hereunder, shall not affect the Century Entities' payment obligations under this Settlement and Buyback Agreement.

• For the avoidance of doubt, the amount that Century Indemnity Company would be obligated to pay towards the Unpaid Amount in the foregoing sentence would be equal to the dollar amount of the credit or set-off permitted to the Century Entities in respect of this Settlement and Buyback Agreement.

• Neither the Trust nor any trustee shall have any obligation to create any new documents or to collect any information in connection with any such review beyond those ordinarily created or maintained by the Trust, as applicable, and the Century Entities shall not be permitted to challenge the allowance or payment of the Claims by the Trusts, as applicable, or any administrative payments or costs of the Trust, as applicable.

• Even if the contingencies of the previous sentence are met, Century Indemnity Company shall nonetheless have an obligation to pay the Unpaid Amount if and in the dollar amount that the Century Entities are entitled to receive a credit or set-off pursuant to the Asbestos Fund Legislation that diminishes the Asbestos Fund Payment, which credit or set-off is permitted in recognition of the obligation of the Century Entities under this Settlement and Buyback Agreement to pay towards the Unpaid Amount.

• The Trust will cooperate with the Century Entities in the defense of the Channeling Injunction.

More Definitions of Century Entities

Century Entities means (i) the Century Parties; (ii) various other Persons affiliated with the Century Parties identified in the definition of “Insurers” in the Century Settlement Agreement, which definition is incorporated by reference herein; (iii) all of the respective predecessors, successors, assigns, subsidiaries, affiliates, holding companies (if any), parent companies (if any), merged companies and acquired companies of the Persons encompassed by clauses (i) and (ii); and (iv) all of the respective employees, officials, agents, attorneys, representatives, officers ,and directors, in their capacity as such, of the Persons encompassed by clauses (i), (ii) and (iii); provided, however, that it is understood that “Century Entities” shall have the same meaning herein as the definition of “Century Entities” in the Century Settlement Agreement, which definition is incorporated by reference herein.