Tail Insurance Policy definition

Tail Insurance Policy shall have the meaning set forth in Section 5.7(b).

Tail Insurance Policy means a tail insurance policy issued for the full term of the Indemnification Escrow Agreement to pay any claims against the Companies for actions or omissions occurring prior to the Closing Date relating to specified risks and claims or types of claims against the Companies, in a form and issued by an insurer reasonably acceptable to Buyer, providing coverage until at least the third anniversary of the Closing Date in a dollar amount up to Five Million Dollars ($5,000,000), and fully purchased, with no further payment obligations with respect to premiums for such policy, by the Sellers at their discretion and at their cost and expense.

Tail Insurance Policy has the meaning provided in Section 6.7.

Examples of Tail Insurance Policy in a sentence

• The entire premiums and other costs for obtaining such Tail Insurance Policy for the full term thereof shall be paid in full by the Company from cash on hand prior to the Closing with one half of the premiums to be defined as “Buyer’s D&O Premium Payment” .

• The Company will be the named insured on the Tail Insurance Policy and therefore any amounts paid under the Tail Insurance Policy shall not be subject to subrogation rights and other rights of indemnification and contribution against the Company and its Subsidiaries.

• For the avoidance of doubt this Section 3A.06 shall not preclude claims by any Stockholder under the Prior Limitation and Indemnity Provisions, the Tail Insurance Policy, in either case which such Stockholder may otherwise be able to assert other than in its capacity as a Stockholder, or Article VIII.

• The publication will contain documentation of forty works by Dann examining her work thematically, withreference to her lived experiences.

• The Tail Insurance Policy, in form and substance acceptable to the Buyer.

More Definitions of Tail Insurance Policy

Tail Insurance Policy has the meaning set forth in Section 8.7(b).

Tail Insurance Policy means an insurance policy to provide at least the same coverage as Transferor Insurance Policies identified as being “claims made” policies in Schedule 7(u) forevents or losses of the Acquired Agency occurring before the Closing Date. Further, the Tail Insurance Policy must provide coverage of at least One Million Dollars ($1,000,000) per occurrence and Three Million Dollars ($3,000,000) in the aggregate with an annual deductible acceptable to Transferee.

Tail Insurance Policy means extended reporting period or “tail insurance” relating to WRC’s existing liability insurance relating to the Properties, providing coverage effective as of the date that WRC’s insurance referenced above is no longer in effect and through the second (2nd) anniversary of the Closing Date, naming Purchaser, each Seller and Guarantor as additional insureds under such policy, with $10,000,000 of excess liability coverage (in lieu of current excess coverage limits), and in all other respects consistent with WRC’s commercial professional liability and general liability insurance policies in place on the Effective Date relating to the Properties.

Tail Insurance Policy means the "tail" professional liability insurance policy to be issued on the Closing Date with respect to the Acquired Entities.

Tail Insurance Policy has the meaning set forth in Section 8(b)(xvi).

Tail Insurance Policy is defined in Section 7.3(b).

Tail Insurance Policy means that certain tail insurance policy relating to professional liability insurance purchased by Sellers in connection with the Transactions, providing coverage effective as of the Closing Date and through at least the third (3rd) anniversary of the Closing Date in the aggregate amount of Ten Million and no/100 dollars ($10,000,000.00), naming Manager (and/or certain affiliates of Manager) as an additional insured, 45 and in all other respects consistent with the current professional liability coverage in place on the Effective Date.