Tail Policy. On or prior to the Closing Date, the Company shall have obtained an occurrence-based irrevocable “tail” or extended reporting policy (the “Tail Policy”) with respect to the Company’s directors and officers liability insurance policy in place as of immediately prior to the Closing, which shall survive for at least three (3) years following the Closing and provide coverage no less favorable than provided thereunder as of immediately prior to the Closing.
Appears in 3 contracts
Sources: Acquisition Agreement (Surf Air Mobility Inc.), Acquisition Agreement (Surf Air Mobility Inc.), Acquisition Agreement (Surf Air Mobility Inc.)