Common use of D&O Liabilities Clause in Contracts

D&O Liabilities. Prior to Closing, Buyer shall use commercially reasonable efforts to have available (subject to the payment of premium) director and officer and director “tail coverage” insurance for the Company and its Subsidiaries with respect to the period prior to Closing. Prior to or at the Closing, Seller shall directly pay the insurance company for the all costs of securing such policy.

D&O Liabilities. Prior to Closing, Buyer shall use commercially reasonable best efforts to have available (subject to the payment of premium) director and officer and director “tail coverage” insurance for the Company and its Subsidiaries Abacus with respect to the period prior to Closing. Prior to or at the Closing, Seller Company shall directly pay the insurance company for the all costs of securing such policy.