D & O Insurance definition

D & O Insurance has the meaning set forth in Section 6.8(b).

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D & O Insurance means the directors' and officers' liability insurance of the Company in effect on the date of this Agreement, and any replacement or substitute policies issued by one or more reputable insurers providing in all respects coverage at least comparable to and in the same amount as that provided by the policy in effect on the date of this Agreement.

D & O Insurance means the directors' and officers' liability insurance issued by the insurers, and having the policy numbers, amounts and deductibles set forth in Section 5.1 hereof and any replacement or substitute policy or policies issued by one or more reputable insurers, providing, in the aggregate, at all times and in all respects, coverage at least comparable and in the same amount as that provided under the policies identified in Section 5.1 hereof.

Examples of D & O Insurance in a sentence

Notwithstanding the general provisions of this Section 2(b), following a Change of Control, any decision not to maintain any policy or policies of D & O Insurance or to reduce the amount or coverage under any such policy or policies shall be effective only if there are Disinterested Directors (as defined in Section 2(e) hereof) and shall require the concurrence of a majority of the Disinterested Directors.
The Company shall cause the D & O Insurance to cover Indemnitee, in accordance with its terms and at all times such insurance is in effect, to the maximum extent of the coverage provided thereby for any director or officer of the Company.
In the event that Indemnitee requires the Company to so defend, or in the event that Indemnitee proceeds under the D & O Insurance but Indemnitee determines that such insurers under the D & O Insurance are unable or unwilling to adequately defend Indemnitee against any such Claim, the Company shall promptly undertake to defend any such Claim, at the Company's sole cost and expense, utilizing counsel of Indemnitee's choice who has been approved by the Company.
If such D & O Insurance has been obtained by GFI prior to the Offer Closing, Parent and its Subsidiaries shall, in their capacities as a stockholder of GFI use commercially reasonably efforts to, take actions reasonable necessary to cause such D & O Insurance to be maintained in full force and effect, for its full term, and cause all obligations thereunder to be honored by GFI.
The aforesaid obligation of the Company to maintain policies of D & O Insurance shall not be breached if such D&O Insurance is not available to the Company on a commercially reasonable basis in the reasonable business judgment of the then directors of the Company.

More Definitions of D & O Insurance

D & O Insurance means directors' and officers' liability insurance with coverage sufficient to ensure performance of the indemnification obligation of the Company hereunder issued by one or more reputable insurers.

D & O Insurance is defined in Section 6.2(f)(iv).

D & O Insurance has the meaning set forth in Section 6.8(b). “DOJ” has the meaning set forth in Section 6.4(b).

D & O Insurance. So long as the Corporation or GST provides directors' and officers' liability insurance coverage for the directors and officers of GST and the Corporation generally, the Corporation shall use its best efforts to cause GST to obtain and maintain, at GST's expense, such coverage applicable to Executive. Executive shall not be required to serve in any office of the GST Companies if such coverage is not applicable to his service in such office.

D & O Insurance means any valid directors' and officers' liability insurance policy maintained by the Company for the benefit of the Indemnitee, if any.

D & O Insurance. Any directors' or officers' liability insurance or other indemnity placed by or for the benefit of the Appointee by the Appointee, the Parent Company or any entity related to the Parent Company.