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 specified in Section 6.6(b).
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Former Directors and Officers has the meaning ascribed thereto in Section 3.7(a).
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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.

  • 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.

  • 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.

  • 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, 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.

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

  • 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).

  • Accordingly, in the Complaint, Plaintiffs brought claims against FDIC-R as receiver for Hillcrest bank, Hillcrest Bancshares, and the Former Directors and Officers under a variety of theories of liability.Shortly after Plaintiffs filed the Complaint, FDIC-R and the Former Directors and Officers moved to dismiss (Docs.

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

Related to Former Directors and Officers

  • 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).

  • Indemnification means an agreement of indemnity or a release from liability where the intent or effect is to shift or limit in any manner the potential liability of the person or firm for failure to adhere to applicable auditing or professional standards, whether or not resulting in part from knowing of other misrepresentations made by the insurer or its representatives.

  • Corporate Status describes the status of a person who is or was a director, officer, trustee, general partner, manager, managing member, fiduciary, employee or agent of the Company or of any other Enterprise (as defined below) which such person is or was serving at the request of the Company.

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

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