Examples of Derivative Demand in a sentence
Derivative Investigationan internal inquiry or investigation undertaken by the Insured Entity or on behalf of the Insured Entity by its board of directors (or equivalent management body) or any committee of the board of directors (or equivalent management body) as to how the Insured Entity should respond after the receipt by an Insured Entity of a Derivative Suit or a Derivative Demand.
The Insurer shall pay on behalf of an Insured Entity all Shareholder Derivative Demand Investigation Costs resulting from any Shareholder Derivative Demand first made during the Policy Period or the Extended Reporting Period, if applicable, for any Wrongful Act.
In addition, other than with respect to the Investment Adviser Professional Liability Coverage Part, a Claimincludes a Shareholder Derivative Demand.
Nothing in this Coverage Section, including Coverage D, shall be construed to afford coverage for any Claim brought by the Company against one or more of its own Executives, other than Investigation Costs incurred in a covered Derivative Demand or as otherwise provided under Section III.F. of this Coverage Section.
The Underwriters shall pay on behalf of the Insured Organization all Costs of Investigation resulting from any Derivative Demand first made and reported in writing to the Underwriters during the Policy Period or Optional Reporting Period, if applicable, for a Wrongful Act.