D&O Carriers definition

D&O Carriers means Freeport’s directors’ and officers’ insurance policy carriers funding the Escrow Amount into the Escrow Account.
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D&O Carriers means the insurance carriers of the D&O Liability Insurance Policies.
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D&O Carriers means collectively, (i) Illinois National Insurance Company and AIG Claims, Inc.; (ii) XL Specialty Insurance Company, solely in its capacity as an insurer under the Debtors’ second layer of the D&O Liability Insurance Policies; and (iii) CNA; provided, however, an entity is a D&O Carrier only to the extent related to a particular D&O Liability Insurance Policy. For the avoidance of doubt, the D&O Carriers shall not include any Insurer under the D&O Liability Insurance Policies or D&O Tail Policies other than those specifically enumerated in the foregoing sentence.
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Examples of D&O Carriers in a sentence

  • In consideration of the full settlement, satisfaction, compromise and release of the Released Plaintiffs’ Claims, an aggregate $115 million in cash (the “Escrow Amount”) shall be paid on behalf of the Settling Defendants to Freeport by the D&O Carriers.

  • The Settling Defendants shall cause the Escrow Amount to be deposited by the D&O Carriers into an interest-bearing escrow account controlled by an agreed upon representative of Plaintiffs and of the Settling Defendants (the “Escrow Account”) within fifteen (15) business days after the Stipulation is submitted to the Court.

  • For the avoidance of doubt, the Settling Defendants shall have no obligation to deposit any portion of the Escrow Amount into the Escrow Account but shall have an obligation to take all reasonably available steps to seek to cause the D&O Carriers to deposit the Escrow Amount into the Escrow Account.

  • With respect to Defense Costs incurred in connection with the settlement of the Securities Class Action after August 1, 2004, Microtune will not pay for any unreasonable or unnecessary Defense Costs incurred by counsel for the Individual Defendants, nor will the D&O Carriers be obligated to reimburse for any such Defense Costs determined by Microtune to be unreasonable or unnecessary.

  • With respect to Defense Costs incurred in connection with the SEC Investigation after August 1, 2004, Microtune will not pay for any unreasonable or unnecessary Defense Costs incurred by counsel for the Individual Defendants, nor will the D&O Carriers be obligated to reimburse for any such Defense Costs determined by Microtune to be unreasonable or unnecessary.

  • Microtune will not pay for any unreasonable or unnecessary Defense Costs incurred by counsel for the Individual Defendants and Director Defendants in settling or defending the Derivative Litigation, nor will the D&O Carriers be obligated to reimburse for any such Defense Costs determined by Microtune to be unreasonable or unnecessary.

  • Each D&O Carrier making its respective payment shall be entitled to the full benefit of this Agreement, and the failure of any D&O Carrier to make its respective payment shall not void the Agreement, or constitute a breach of the Agreement as between the Mictrotune Parties and those D&O Carriers making their respective payments.

Related to D&O Carriers

  • rail carrier ’ means a person providing common carrier railroad transportation for compensation, but does not include street, suburban, or interurban electric railways not operated as part of the general system of rail transportation;

  • Interexchange Carrier (IXC) means a carrier that provides, directly or indirectly, interLATA or intraLATA Telephone Toll Services.

  • Carrier means a person engaged in the transportation of passengers or property by land or water as a common, contract, or private carrier, or by civil aircraft.

  • Contract carrier means any person who, under special and individual contracts or agreements, and

  • Interexchange Carrier (IXC) means a carrier that provides, directly or indirectly, InterLATA or IntraLATA Telephone Toll Services.