ACE Companies definition
Examples of ACE Companies in a sentence
By this settlement, the ACE Companies are making no admissions of any kind.
The Settlement Payment shall be made payable to Patriot Coal Corporation, and delivered to Patriot at the address below within five (5) days of the date on which the ACE Companies receive notice that the Approval Order has become final and unappealable.
Upon payment of the Settlement Payment by the ACE Companies as set forth in Paragraph 3.01, Patriot will dismiss with prejudice all of its claims against the ACE Companies in the ▇▇▇▇▇ County Insurance Coverage Action, including dismissal with prejudice and release of any bad faith, improper claims handling, and similar claims, and all claims for past, present and future defense costs and attorneys’ fees.
The ACE Companies agree to waive and dismiss any past, present and future claims for contribution, subrogation, set off and similar relief against Patriot, Patriot’s other insurers, or any other entities that were parties to the ▇▇▇▇▇ County Insurance Coverage Action or the ▇▇▇▇▇ County Well Water Litigation.
The purpose of this Agreement is to resolve forever all Claims by Patriot against the ACE Companies for insurance coverage arising out of, in connection with, or relating in any way to the ▇▇▇▇▇ County Well Litigation and all counterclaims and cross claims asserted by the ACE Companies therein.
Notwithstanding the foregoing, the ACE Companies reserve the right to assert claims for contribution, subrogation, set off and similar relief in response to any claim for contribution filed against it by any other insurer that was or is a party to the ▇▇▇▇▇ County Insurance Coverage Action.
This provision does not waive any rights of the ACE Companies against a reinsurer, retrocessionaire, or similar entity.
Patriot and the ACE Companies reached a settlement of the ▇▇▇▇▇ County Insurance Coverage Action during mediation on June 11, 2013.