D&O Tail Coverage definition
D&O Tail Coverage means coverage under an applicable director, manager, and officer liability insurance policy that extends beyond the end of the policy period.
D&O Tail Coverage has the meaning given to that term in Section 6.09(b).
D&O Tail Coverage means coverage under an applicable director, manager, and officer
Examples of D&O Tail Coverage in a sentence
If Parent is unable to obtain the D&O Tail Coverage for an aggregate amount less than or equal to the D&O Premium Cap, Parent, after consultation with the Company, shall obtain as much insurance as can be obtained for the D&O Premium Cap.
The premiums and costs associated with the D&O Tail Coverage provided for herein shall be borne by Acquiror.
Target shall deliver binders at Closing evidencing D&O Tail Coverage provided for herein.
Any liability of Surviving Company or Acquired Companies for D&O Tail Coverage not fully discharged prior to Closing will be deducted from Net Working Capital as a Current Liability.
Notwithstanding the foregoing, in no event shall the aggregate premiums for such D&O Tail Coverage exceed $225,000 (the "D&O PREMIUM CAP").
More Definitions of D&O Tail Coverage
D&O Tail Coverage means a non-cancellable “tail” insurance policy obtained by the Shareholders with a claims period of six (6) years from and after the Closing Date with respect to directors’ and officers’ and employment practices liability insurance policies, for the persons who are directors or officers of the Company as of immediately prior to the Closing, with levels of coverage, retentions and other provisions at least as favorable as the Company’s existing policy as of the date of this Agreement.
D&O Tail Coverage means coverage under an applicable D&O Liability Insurance Policy that extends beyond the end of the policy period.
D&O Tail Coverage is defined in Section 8.9.1.
D&O Tail Coverage has the meaning set forth in Section 6.11(c). "ECA Agreements" has the meaning set forth in Section 6.12(b). "Effective Date" has the meaning set forth in Section 2.02(a). "Effective Time" has the meaning set forth in Section 2.02(a). "Employees" has the meaning set forth in Section 5.03(m). "Environmental Laws" has the meaning set forth in Section 5.03(o). "Equal Credit Opportunity Act" means the Equal Credit Opportunity Act, as amended. "Equity Investment" means (i) an Equity Security; and (ii) an ownership interest in any company or other entity, any membership interest that includes a voting right in any company or other entity, any interest in real estate; and any investment or transaction which in substance falls into any of these categories even though it may be structured as some other form of investment or transaction. "Equity Security" means any stock (other than adjustable-rate preferred stock, money market (auction rate) preferred stock or other instrument determined by the OCC to have the character of debt securities), certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, or voting-trust certificate; any security convertible into such a security; any security carrying any warrant or right to subscribe to or purchase any such security; and any certificate of interest or participation in, temporary or interim certificate for, or receipt for any of the foregoing. "ERISA" means the Employee Retirement Income Security Act of 1974, as amended. "ERISA Affiliate" has the meaning set forth in Section 5.03(m)(iii). "Exchange Act" means the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. "Exchange Agent" has the meaning set forth in Section 3.02(a). "Exchange Ratio" has the meaning set forth in Section 3.01(b)(1), subject to adjustment pursuant to Section 3.06. "Fair Housing Act" means the Fair Housing Act, as amended. "FDIC" means the Federal Deposit Insurance Corporation. "Federal Reserve Act" means the Federal Reserve Act, as amended. "Federal Reserve Board" means the Board of Governors of the Federal Reserve System. "GAAP" means accounting principles generally accepted in the United States of America. "Governmental Authority" means any federal, state or local court, administrative agency or commission or other governmental authority or instrumentality. "Hazardous Substance" has ...
D&O Tail Coverage means the extension of the D&O Insurance Coverage for any period beyond the end of the applicable policy period, including but not limited to any extension for a period of six (6) years after the Effective Date for claims based on conduct occurring prior to the Effective Date.
D&O Tail Coverage shall have the meaning set forth in Article IV.O.
D&O Tail Coverage is defined in Section 5.06(a).