Common use of Administration and Reserves Clause in Contracts

Administration and Reserves. Consistent with the provisions of Article III, from and after the Spin-Off Date: (a) Forest shall be responsible for (i) Insurance Administration of the Insurance Policies with respect to any liabilities of any member of the Forest Group, any assets of the Forest Group or any claims as to which the Forest Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation Agreement; and (ii) Claims Administration with respect to any liabilities of any member of the Forest Group, any assets of the Forest Group, or any claims as to which the Forest Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation Agreement. It is understood that the retention of the Insurance Policies by Forest is in no way intended to limit, inhibit, or preclude any right to insurance coverage for any Insured Claim or any other rights under the Insurance Policies, including claims of Lone Pine and any of its operations, subsidiaries, and affiliates for insurance coverage, reimbursement, subrogation, or otherwise. (b) Lone Pine shall be responsible for (i) Insurance Administration of the Insurance Policies which insure the Lone Pine Group only and (ii) Claims Administration with respect to any liabilities of any member of the Lone Pine Group, any assets of the Lone Pine Group, or any claims as to which the Lone Pine Group has rights of reimbursement or subrogation pursuant to this Agreement or any Separation Agreement. (c) The parties shall cooperate with regards to Insurance Administration, and shall share material information concerning such matters so that both the Lone Pine Group and the Forest Group are aware on a continuing basis of remaining aggregate limits of coverage, deductible payments, retrospective premium payments, and other material matters relevant to continued dealings with insurers providing coverage for Liabilities of both Groups. (d) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Forest to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Forest and its subsidiaries. (e) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Lone Pine to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Lone Pine and its subsidiaries.

Administration and Reserves. Consistent with the provisions of Article III, from and after the Spin-Off Distribution Date: (a) Forest Altria shall be responsible for (i1) Insurance Administration of the Insurance Policies with respect to any liabilities of any member of the Forest Altria Group, any assets of the Forest Altria Group or any claims as to which the Forest Altria Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation Other Agreement; and (ii2) Claims Administration with respect to any liabilities of any member of the Forest Altria Group, any assets of the Forest Group, Altria Group or any claims as to which the Forest Altria Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation Other Agreement. It is understood that the retention of the Insurance Policies by Forest Altria is in no way intended to limit, inhibit, inhibit or preclude any right to insurance coverage for any Insured Claim or any other rights under the Insurance Policies, including without limitation, claims of Lone Pine Kraft and any of its operations, subsidiaries, Subsidiaries and affiliates Affiliates for insurance coverage, reimbursement, subrogation, subrogation or otherwise. (b) Lone Pine Kraft shall be responsible for (i1) Insurance Administration of the Insurance Policies which insure the Lone Pine Kraft Group only only, and (ii2) Claims Administration with respect to any liabilities of any member of the Lone Pine Kraft Group, any assets of the Lone Pine Kraft Group, or any claims as to which the Lone Pine Kraft Group has rights of reimbursement or subrogation pursuant to this Agreement or any Separation an Other Agreement. (c) The parties hereto shall cooperate with regards to Insurance Administration, and shall share material information concerning such matters so that both the Lone Pine Kraft Group and the Forest Altria Group are aware on a continuing basis of remaining aggregate limits of coverage, deductible payments, retrospective premium payments, payments and other material matters relevant to continued dealings with insurers providing coverage for Liabilities of both Groups. (d) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Forest Altria to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Forest Altria and its subsidiaries. (e) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Lone Pine to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Lone Pine and its subsidiaries.

Administration and Reserves. Consistent with the provisions of Article III, from and after the Spin-Off Distribution Date: (a) Forest Altria shall be responsible for (i1) Insurance Administration of the Insurance Policies with respect to any liabilities of any member of the Forest Altria Group, any assets of the Forest Altria Group or any claims as to which the Forest Altria Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation AgreementOther Agreements; and (ii2) Claims Administration with respect to any liabilities of any member of the Forest Altria Group, any assets of the Forest Group, Altria Group or any claims as to which the Forest Altria Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation AgreementOther Agreements. It is understood that the retention of the Insurance Policies by Forest Altria is in no way intended to limit, inhibit, inhibit or preclude any right to insurance coverage for any Insured Claim or any other rights under the Insurance Policies, including without limitation, claims of Lone Pine PMI and any of its operations, subsidiaries, Subsidiaries and affiliates Affiliates for insurance coverage, reimbursement, subrogation, subrogation or otherwise. (b) Lone Pine PMI shall be responsible for (i1) Insurance Administration of the Insurance Policies which insure the Lone Pine PMI Group only only, and (ii2) Claims Administration with respect to any liabilities of any member of the Lone Pine PMI Group, any assets of the Lone Pine PMI Group, or any claims as to which the Lone Pine PMI Group has rights of reimbursement or subrogation pursuant to this Agreement or any Separation AgreementOther Agreements. (c) The parties hereto shall cooperate with regards to Insurance Administration, and shall share material information concerning such matters so that both the Lone Pine PMI Group and the Forest Altria Group are aware on a continuing basis of remaining aggregate limits of coverage, deductible payments, retrospective premium payments, payments and other material matters relevant to continued dealings with insurers providing coverage for Liabilities of both Groups. (d) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Forest Altria to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties Third Parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Forest Altria and its subsidiaries. (e) Nothing in this Agreement shall be construed or deemed Subsidiaries; provided that, with respect to affect in any way the right of Lone Pine to obtain and administer such future insurance policies or agreements, Altria shall take no action that has an adverse impact on the insurance coverage (and related costs) afforded to enter into future indemnification agreements with third parties on whatever terms it believes to PMI under this Article VIII, without the prior written consent of PMI (which shall not be advisable, including the entry into insurance policies covering Lone Pine and its subsidiariesunreasonably withheld or delayed).

Administration and Reserves. Consistent with the provisions of Article IIIV, from and after the Spin-Off Distribution Date: (a) Forest Parent shall be responsible for (i) Insurance Administration of the Insurance Policies with respect to any liabilities of any member of the Forest Parent Group, any assets of the Forest Parent Group or any claims as to which the Forest Parent Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation Ancillary Agreement; and (ii) Claims Administration with respect to any liabilities of any member of the Forest Parent Group, any assets of the Forest Parent Group, or any claims as to which the Forest Parent Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation Ancillary Agreement. It is understood that the retention of the Insurance Policies by Forest Parent is in no way intended to limit, inhibit, or preclude any right to insurance coverage for any Insured Claim or any other rights under the Insurance Policies, including claims of Lone Pine Enova and any of its operations, subsidiaries, and affiliates for insurance coverage, reimbursement, subrogation, or otherwise. (b) Lone Pine Enova shall be responsible for (i) Insurance Administration of the Insurance Policies which insure the Lone Pine Enova Group only and (ii) Claims Administration with respect to any liabilities of any member of claims made under the Lone Pine Group, any assets of Insurance Policies which insure the Lone Pine GroupEnova Group only, or any claims as to which the Lone Pine Enova Group has rights of reimbursement or subrogation pursuant to this Agreement or any Separation Ancillary Agreement. (c) The parties shall cooperate with regards to Insurance Administration, and shall share material all relevant information concerning such matters so that both the Lone Pine Enova Group and the Forest Parent Group are aware on a continuing basis of remaining aggregate limits of coverage, deductible payments, retrospective premium payments, and other material matters relevant to continued dealings with insurers providing coverage for Liabilities of both Groups. (d) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Forest Parent to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Forest Parent and its subsidiariesSubsidiaries. (e) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Lone Pine Enova to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Lone Pine Enova and its subsidiariesSubsidiaries.

Administration and Reserves. Consistent with the provisions of Article III, from and after the Spin-Off Effective Date: (a) Forest Parent shall be responsible for (i) Insurance Administration of the Insurance Policies with respect to any liabilities of any member of the Forest Parent Group, any assets of the Forest Parent Group or any claims as to which the Forest Parent Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation Transaction Agreement; and (ii) Claims Administration with respect to any liabilities of any member of the Forest Parent Group, any assets of the Forest Parent Group, or any claims as to which the Forest Parent Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation Transaction Agreement. It is understood that the retention of the Insurance Policies by Forest Parent is in no way intended to limit, inhibit, or preclude any right to insurance coverage for any Insured Claim or any other rights under the Insurance Policies, including claims of Lone Pine Enova and any of its operations, subsidiaries, and affiliates for insurance coverage, reimbursement, subrogation, or otherwise. (b) Lone Pine Parent shall be responsible for (i) Insurance Administration of the Insurance Policies which insure the Lone Pine Enova Group only and (ii) Claims Administration with respect to any liabilities of any member of the Lone Pine Enova Group, any assets of the Lone Pine Enova Group, or any claims as to which the Lone Pine Enova Group has rights of reimbursement or subrogation pursuant to this Agreement or any Separation Transaction Agreement. (c) The parties shall cooperate with regards to Insurance Administration, and shall share material information concerning such matters so that both the Lone Pine Enova Group and the Forest Parent Group are aware on a continuing basis of remaining aggregate limits of coverage, deductible payments, retrospective premium payments, and other material matters relevant to continued dealings with insurers providing coverage for Liabilities of both Groups. (d) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Forest Parent to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Forest Parent and its subsidiaries. (e) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Lone Pine Enova to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Lone Pine Enova and its subsidiaries; provided, however, in no event shall Enova obtain and administer any such insurance policies or indemnification agreements without Parent’s prior written consent, which consent, if given, may include such conditions as Parent may require.

Administration and Reserves. Consistent with the provisions of Article III, from and after the Spin-Off Effective Date: (a) Forest Parent shall be responsible for (i) Insurance Administration of the Insurance Policies with respect to any liabilities of any member of the Forest Parent Group, any assets of the Forest Parent Group or any claims as to which the Forest Parent Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation Transaction Agreement; and (ii) Claims Administration with respect to any liabilities of any member of the Forest Parent Group, any assets of the Forest Parent Group, or any claims as to which the Forest Parent Group has retained rights of reimbursement or subrogation pursuant to this Agreement or any Separation Transaction Agreement. It is understood that the retention of the Insurance Policies by Forest Parent is in no way intended to limit, inhibit, or preclude any right to insurance coverage for any Insured Claim or any other rights under the Insurance Policies, including claims of Lone Pine Enova and any of its operations, subsidiaries, and affiliates for insurance coverage, reimbursement, subrogation, or otherwise. (b) Lone Pine Enova shall be responsible for (i) Insurance Administration of the Insurance Policies which insure the Lone Pine Enova Group only and (ii) Claims Administration with respect to any liabilities of any member of the Lone Pine Enova Group, any assets of the Lone Pine Enova Group, or any claims as to which the Lone Pine Enova Group has rights of reimbursement or subrogation pursuant to this Agreement or any Separation Transaction Agreement. (c) The parties shall cooperate with regards to Insurance Administration, and shall share material information concerning such matters so that both the Lone Pine Enova Group and the Forest Parent Group are aware on a continuing basis of remaining aggregate limits of coverage, deductible payments, retrospective premium payments, and other material matters relevant to continued dealings with insurers providing coverage for Liabilities of both Groups. (d) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Forest Parent to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Forest Parent and its subsidiaries. (e) Nothing in this Agreement shall be construed or deemed to affect in any way the right of Lone Pine Enova to obtain and administer future insurance policies or to enter into future indemnification agreements with third parties on whatever terms it believes to be advisable, including the entry into insurance policies covering Lone Pine Enova and its subsidiaries.