Common use of ACE American Ins Clause in Contracts

ACE American Ins. Co. et al., MISC NO. 09M-01-084 (New Castle Cty., Del.); provided that prior to the filing of such pleadings, they first have sought but failed to obtain from the relevant court an extension of the filing deadline. Within ten (10) days of the date the Hartford Parties pay the Settlement Amount, Congoleum and the Hartford Parties shall dismiss all of their Claims against one another in the Coverage Action with prejudice and without costs. Absent this Agreement becoming null and void in accordance with its terms, the Congoleum Parties and the Hartford Parties covenant that they shall not initiate or prosecute any action against one another for Claims that would fall within the releases described in Section V of this Agreement.