Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / draft-indemnification-settlement-term-sheet.docx
draft-indemnification-settlement-term-sheet.docx
Parties
Harkness LLP
Quorum Insurance Holdings Corp
Dunlop LLP
Party Quorum Insurance Holdings Corp
The Security Inc
Security Inc
Graystone Forensics LLC
Severin Corp
Dates
September 18, 2023
November 12, 2019
November 11, 2024
March 3, 2021
April 1, 2021
September 15, 2022
March 14, 2023
April 18, 2023
April 21, 2023
May 5, 2023
Amounts
$14,200,000
$71,000,000
$2,100,000
$16,300,000
$14.2
$1,500,000
$32,600,000
$10,000,000
$8,230,250
$5,500,000
Obligations
(b) Exhibit D (Data Security Requirements): Palomar is required to implement and maintain "commercially reasonable" administrative, technical, and physical safeguards to protect Quorum data
4 (Breach Notification): Palomar is required to notify Quorum within forty-eight (48) hours of discovering any security incident that affects, or is reasonably believed to affect, Quorum data
Notification is required to be provided to Quorum's General Counsel
The Cash Payment shall be made by wire transfer of immediately available funds to a bank account designated by Quorum in writing
Quorum shall provide wire transfer instructions to Palomar (or its counsel) within five (5) business days of execution of the definitive settlement agreement
Palomar's obligation to make the Cash Payment shall be absolute and unconditional upon execution of the definitive settlement agreement, and shall not be subject to any conditions precedent other than the mutual execution of the definitive settlement agreement