Examples of Insured Subsidiary in a sentence
Coverage for such Insured Subsidiary shall only apply to Loss, including Defense Costs, arising from Wrongful Employment Practices and Third Party Discrimination taking place after the merger or acquisition.
The bankruptcy or insolvency of the Insured Company or any Insured Subsidiary shall not relieve us of any obligations hereunder.
If during the Policy Period the Insured Company acquires securities in another entity or creates another entity, which as a result becomes an Insured Subsidiary, or if the Insured Company acquires another entity by merger or consolidation, coverage under Coverage Sections A., B.
If during the Policy Period the Insured Company or any Insured Subsidiary is acquired, or control assumed by another entity, coverage under this Policy will continue but only with respect to Wrongful Acts taking place prior to the effective date of the acquisition or change of control.
The Company shall assure that each Insured Subsidiary shall be adequately capitalized at all times.