Common use of D&O Policies Clause in Contracts

D&O Policies. With respect to Management Liability and Company Reimbursement Insurance Policy No. issued by XL Specialty Insurance Company (the “XL Policy”), Directors and Officers Liability Policy No. issued by XL Insurance (Bermuda) (the “XL Bermuda Policy”), and any insurance policy which is specifically in excess of those policies (collectively, the “D&O Policies”), the ability of any of the Lazard Group Companies or the LFCM Companies to make any claim on any such policies will be determined by the terms of those policies except as otherwise limited by the terms of this Agreement.

D&O Policies. With respect to Management Liability and Company Reimbursement Insurance Policy No. ELU088383-05 issued by XL Specialty Insurance Company (the “XL Policy”)Company, Directors and Officers Liability Policy No. BM00020470D005A issued by XL Insurance (Bermuda) (the “XL Bermuda Policy”), and any insurance policy which is specifically in excess of those policies (collectively, the “D&O Policies”), the ability of any of the Lazard Group Companies or the LFCM Companies to make any claim on any such policies will be determined by the terms of those policies except as otherwise limited by the terms of this Agreement.