D&O Insurers definition
Examples of D&O Insurers in a sentence
For the avoidance of doubt, the D&O Insurers – and not the Receivership Entities – are obligated to pay the defense fees and expenses under the terms of the D&O Policies.
The portion of the 28 Settlement Amount to be funded by the D&O Insurers will be paid directly into the Escrow Account 1 by the D&O Insurers.
Since the D&O Insurers are funding the entire Settlement Amount, the Individual Defendants agree to direct the D&O Insurers to pay the Settlement Amount directly into the Escrow Account.
Kratos also agrees to cause its D&O Insurer(s) to pay to Kratos a substantial portion of past and anticipated future legal fees and related costs, incurred by Defendants' counsel in connection with the Derivative Actions based upon a separate agreement reached between and among Kratos and its D&O Insurer(s) concurrently with this Settlement.
For the avoidance of doubt, the Company shall pay to the Indemnitee all sums due under this Agreement regardless of any delay or coverage dispute with the D&O Insurers.