Former Directors and Officers definition

Former Directors and Officers means any persons that served as officers and directors of any of the Debtors prior to the Effective Date other than the Chapter 11 Directors and Officers.
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Former Directors and Officers has the meaning ascribed thereto in Section 3.7(a).
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Former Directors and Officers has the meaning specified in Section 6.6(b).
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Examples of Former Directors and Officers in a sentence

  • For the avoidance of doubt, individual insureds under the D&O Policies shall continue to have access to proceeds of the D&O Policies, consistent with the Order Granting Motion of Current and Former Directors and Officers of Corinthian Colleges, Inc.

  • For the avoidance of doubt, any indemnification obligations to Former Directors and Officers of the Debtors shall be terminated on the Effective Date and be of no further force and effect.

  • Any indemnification obligations to Former Directors and Officers of the Debtors shall be terminated on the Effective Date and be of no further force and effect.

  • Any indemnification obligations to Former Directors and Officers of the Debtors shall be terminated on the Effective Date and be of no further force and effect, and all Claims for or on account of such indemnification obligations to Former Directors and Officers of the Debtors shall be deemed discharged pursuant to the Plan, without any further notice to or action, order, or approval of the Bankruptcy Court.

  • For the avoidance of doubt, unless already existing independently of the Motion and this Order, neither any provision of this Order nor the participation or activity by any attorney in seeking any aspect of the Motion or this Order shall be deemed or construed to create an attorney-client relationship between Kirkland & Ellis LLP and/or Richards, Layton & Finger, P.A., on the one hand, and the Former Directors and Officers, on the other hand.Dated:, 2018 Wilmington, Delaware THE HON.

  • Insured” Exclusions in Director and Officer Liability Insurance Policies: Is Coverage Available When Chapter 11 Trustees and Debtors-in-Possession Sue Former Directors and Officers, 9 Bankr.

  • On March 1, 2011, upon motion by Hillcrest Bank, the state court substituted FDIC-R for Hillcrest Bank.On January 4, 2011, Plaintiffs filed a second petition against the McClung Entities and Former Directors and Officers of Hillcrest Bank and its parent company, Hillcrest Bancshares, also in the Circuit Court of Jackson County, Missouri.

  • Babcock, Douglas Babcock, Defendants listed on Exhibit B,Defendants-Appellee-Cross- Appellants,Current and Former Directors and Officers, Betsy D.

  • To the extent required by applicable law, but not otherwise, Committee members will furnish bond or security for the performance of their duties.

  • On January 3, 2013, the Court dismissed fourteen of the sixteen counts, leaving only two claims asserted by QCA: one against FDIC-R for breach of contract (Count 11), and another against the Former Directors and Officers for conversion (Count 1).

Related to Former Directors and Officers

  • Director or officer means any of the following:

  • Member Director means a Director elected or appointed pursuant to section 8(2)(a) of the Act and Section 5.02;

  • Indemnitee has the meaning assigned to such term in Section 9.03(b).

  • Directors means the directors for the time being of the Company.

  • Resolution of Directors means either:

  • Indemnitees has the meaning specified in Section 10.04(b).

  • Executive Officers means the Chief Executive Officer, the President, the Chief Operating Officer and the Chief Financial Officer of the Parent, and/or such other officers that may be agreed by the parties hereto after the date of this Agreement from time to time.