Examples of Hartford Policies in a sentence
Subject to the Hartford Agreement, the provisions of Section 26.5 of the Plan will further operate, as between all Protected Parties, as a mutual release of all Claims relating to the Debtors, the Claims against the Debtors and the Hartford Policies, which any Protected Party may have against another Protected Party except as may be specifically reserved or set forth in the Hartford Agreement or the Plan.
The terms of the settlement involves, among other things, a sale of certain Hartford Policies.
The Debtors, on the one hand, and Hartford, on the other, will grant complete mutual releases as to, among other things, any and all past, present, or future Claims in connection with, relating to, or arising out of, in any manner or fashion, the Tort Claims, the Hartford Policies and the Reorganization Cases, as set forth in the Hartford Agreement.
An actual and justiciable controversy exists regarding whether the Underlying Lawsuits involve one or more than one occurrence and, if more than one, then how many occurrences under each of the Hartford Policies.
The Debtors anticipate that the sale of the Hartford Policies under 11 U.S.C. § 363 will be approved through the Confirmation Order and/or through an order granting a motion to approve the Hartford Agreement.
Hartford seeks a declaration that some or all of the Underlying Lawsuits do not involve injury caused by an “occurrence” under the Hartford Policies.
On information and belief, BSA also has not cooperated in the defense of certain Underlying Lawsuits and has not sought Hartford’s consent to settle certain Underlying Lawsuits as required under the Hartford Policies.
Hartford contends, for a variety of reasons, that the settlement amount it has agreed to provide pursuant to the Plan exceeds the amounts it could be deemed obligated to pay pursuant to the Hartford Policies in connection with the Tort Claims, including any Unknown Tort Claims that might be asserted against the Debtors.
Under the settlement, Hartford agreed to pay $17,500,000 to resolve any claims relating to insurance coverage and to “purchase-back” all of Sepco’s interests in the Hartford Policies that Hartford had issued.
Hartford seeks a declaration that the Hartford Policies do not provide coverage for any Underlying Lawsuits for which BSA did not provide notice.