ATUS Group definition
Examples of ATUS Group in a sentence
In the event an insurance policy aggregate is exhausted, or believed likely to be exhausted, due to noticed claims, the ATUS Group, on the one hand, and the ANV Group, on the other hand, shall be responsible for their pro rata portion of the reinstatement premium, if any, based upon the losses of such Group submitted to insurance carriers (including any submissions prior to the Effective Time) of the applicable ANV/ATUS Shared Policy.
ANV shall use commercially reasonable efforts to obtain extended reporting for any claims made Policies or portions of Policies with claims made coverage features for acts or omissions by any member of the ATUS Group incurred prior to the Effective Time.
The Parties recognize that certain legal and professional post-separation services will be rendered solely for the benefit of a member of the ATUS Group or of a member of the ANV Group, as the case may be, while other legal and professional post-separation services may be rendered with respect to Actions or other matters which involve members of both Groups.
In no event shall ANV, any other member of the ANV Group or any ANV Indemnified Party have Liability or obligation whatsoever to any member of the ATUS Group in the event that any ANV/ATUS Shared Policy shall be terminated or otherwise cease to be in effect for any reason, shall be unavailable or inadequate to cover any Liability of any member of the ATUS Group for any reason whatsoever or shall not be renewed or extended beyond the current expiration date.
To the extent that the ANV Group or the ATUS Group is allocated more than its pro rata portion of such premium due to the timing of losses submitted to the insurance carrier of the applicable ANV/ATUS Shared Policy, the other Party shall promptly pay the first Party an amount so that each Group has been properly allocated its pro rata portion of the reinstatement premium.
From and after a Replacement ATUS Contract Date, with respect to each such AMI Vendor Contract covered by a Replacement ATUS Contract,ANV and the other members of the ANV Group shall have no further obligations to any member of the ATUS Group under (A) Section 2.02(b), and (B) the AMI Vendor Contract replaced by the Replacement ATUS Contract.