Extract to table

The D&O Tail Policy must be a non-cancelable "tail" or "run-off" directors and officers liability insurance policy

The D&O Tail Policy must provide an aggregate limit of liability of not less than Fifty Million Dollars ($50,000,000) for all claims made during the tail period

the extended reporting period) must be six (6) years, commencing from the Effective Time of the Merger

The D&O Tail Policy must become effective simultaneously with the closing of the Merger

The policy must be in force and bound upon the Effective Time; accordingly, the binder and all premium payments must be arranged so that coverage incepts at the precise moment the Merger closes

The D&O Tail Policy must provide full prior acts coverage, meaning the policy must cover all wrongful acts committed or allegedly committed at any time prior to the Effective Time