Opinion ID: 2977801
Heading Depth: 4
Heading Rank: 1

Heading: Attachment B

Text: First, Liberty Mutual maintains that, if the parties intended for the indemnification obligation to extend to claims by former subsidiaries only under impaired or otherwise impacted policies, the parties would have defined the UTC Companies’ obligation by explicitly referring to Attachment B. Liberty Mutual contends that “[w]henever the parties actually intended to deal exclusively with the policies identified in Attachment B, they did so by making an explicit reference to that Attachment.” (Appellant Br. 31-32.) As evidence, Liberty Mutual cites Sections 6, 8, and 24. Section 6 provides that any and all claims for such amounts which relate to the Environmental Claims are hereby forever released and discharged by Liberty and represent an impairment of aggregate limits (as shown on Attachment “B”) greater than the settlement amount to be paid by Liberty as provided in Section 1A herein, in order to also reflect the amounts foregone by Liberty as provided in Section 1B herein. 15 (J.A. 11.) Similarly, Section 8 notes that “the various aggregate limits of one or more of the Subject Insurance Policies shall be impaired according to the schedule set forth on Attachment B.” (J.A. 641.) Section 24 allows the parties to disclose the “impairment information on Attachment ‘B’ . . . if necessary.” (J.A. 650.) None of these sections support Liberty Mutual’s contention. Sections 6, 8, and 24 do not use the term “Attachment B” as a way of defining obligations with respect to that group of policies. Sections 6 and 8 use the phrase “Attachment B” as a cross-reference to the impairment and exhaustion caused by the Agreement. Section 24 refers to Attachment B in the context of describing the information Attachment B provides regarding impairment of policies. Thus, contrary to Liberty Mutual’s arguments, there is no indication that the parties would have referred to Attachment B in limiting or otherwise specifying the indemnification obligation of the UTC Companies.