The Company (a) represents and warrants to TRW that it currently maintains directors’ and officers’ (“ D&O ”) liability insurance that provides coverage, on the terms and conditions set forth in the policy contract, for past directors of the Company, and (b) agrees to use commercially reasonable best efforts to maintain D&O liability insurance that provides coverage for past directors on substantially similar terms and conditions as are set forth in the Company’s current policy.
d&o insurance