Common use of Allocation of Deductibles Clause in Contracts

Allocation of Deductibles. In the event that both parties have bona fide claims under any Shared Policy for which an aggregate deductible is reached, the parties agree that the aggregate amount of the deductible paid shall be borne by the parties in the same proportion which the Insurance Proceeds received by each such party bears to the total Insurance Proceeds received under the applicable Shared Policy (their "allocable share of the deductible"), and any party who has paid more than such share of the deductible shall be entitled to receive from the other party an appropriate amount so that each party has borne its allocable share of the deductible pursuant hereto.

Appears in 2 contracts

Samples: Distribution Agreement (Ims Health Inc), Distribution Agreement (Ims Health Inc)

AutoNDA by SimpleDocs

Allocation of Deductibles. In the event that both parties have bona fide claims under any Shared Policy for which an aggregate deductible is reached, the parties agree that the aggregate amount of the deductible paid shall be borne by the parties in the same proportion which the Insurance Proceeds received by each any such party (without giving effect to any deductible) bears to the total Insurance Proceeds received under the applicable Shared Policy (their "allocable share of the deductible")Policy, and any party who has paid more than such share of the deductible shall be entitled to receive from the other party an appropriate amount so that each party has borne its allocable share of the deductible pursuant hereto.

Appears in 2 contracts

Samples: Distribution Agreement (Ims Health Inc), Distribution Agreement (Gartner Group Inc)

Allocation of Deductibles. In the event that both the parties have bona fide claims under any InfoCure Shared Policy for which an aggregate a deductible is reachedpayable, the parties agree that the aggregate amount of the deductible paid shall be borne by the parties in the same proportion which the Insurance Proceeds received by each such party bears to the total Insurance Proceeds received under the applicable InfoCure Shared Policy (their "allocable share of the deductible"), and any party who has paid more than such its allocable share of the deductible shall be entitled to receive from the other party an appropriate amount so that each party has borne its allocable share of the deductible pursuant hereto.

Appears in 1 contract

Samples: Agreement and Plan of Distribution (Practice Works Inc)

Allocation of Deductibles. In the event that both parties have bona fide claims under any Shared Policy for which an aggregate deductible is reached, the parties agree that the aggregate amount of the deductible paid shall be borne by the parties in the same proportion which the Insurance Proceeds insurance proceeds received by each any such party (without giving effect to any deductible) bears to the total Insurance Proceeds insurance proceeds received under the applicable Shared Policy (their "allocable share of the deductible")Policy, and any party who has paid more than such share of the deductible shall be entitled to receive from the other party an appropriate amount so that each party has borne its allocable share of the deductible pursuant hereto.

Appears in 1 contract

Samples: Distribution Agreement (Cognizant Technology Solutions Corp)

Allocation of Deductibles. In the event that both parties the Parties or members of their respective Groups have bona fide claims under any Shared Policy arising from the same occurrence and for which an aggregate a deductible is reachedpayable, the parties Parties agree that the aggregate amount of the deductible paid shall be borne by the parties Parties in the same proportion which the Insurance Proceeds received by each such party Party bears to the total Insurance Proceeds received under the applicable Shared Policy (their "allocable share of the deductible"), and any party who has paid more than such share of the deductible shall be entitled to receive from the other party an appropriate amount so that each party has borne its allocable share of the deductible pursuant heretoPolicy.

Appears in 1 contract

Samples: Separation and Distribution Agreement (Enexus Energy CORP)

AutoNDA by SimpleDocs

Allocation of Deductibles. In the event that both parties the Parties have bona fide claims under any Shared Policy for which an aggregate a deductible is reachedpayable, the parties Parties agree that the aggregate amount of the deductible paid shall be borne by the parties Parties in the same proportion which the Insurance Proceeds received by each such party Party bears to the total Insurance Proceeds received under the applicable Shared Policy (their "allocable share of the deductible"pursuant to Section 10.4(d), and any party Party who has paid more than such allocable share of the deductible shall be entitled to receive from the other party Party an appropriate amount so that each party Party has borne its allocable share of the deductible pursuant hereto.

Appears in 1 contract

Samples: Separation and Distribution Agreement (Gas SpinCo, Inc.)

Allocation of Deductibles. In the event that both the parties have bona fide claims under any InfoCure Shared Policy for which an aggregate a deductible is reachedpayable, the parties agree that the aggregate amount of the deductible paid shall be borne by the parties in the same proportion which the Insurance Proceeds received by each such party bears to the total Insurance Proceeds received under the applicable InfoCure Shared Policy (their "allocable share of the deductible"), and any party who has paid more than such its allocable share of the deductible shall be entitled to receive from the other party an appropriate amount so that each party hereto has borne its allocable share of the deductible pursuant hereto.

Appears in 1 contract

Samples: Agreement and Plan of Distribution (Practice Works Inc)

Allocation of Deductibles. In the event that both parties have bona fide claims under any Shared Policy for which an aggregate deductible is reached, the parties agree that the aggregate amount of the deductible paid shall be borne by the parties in the same proportion which the Insurance Proceeds received by each such party bears to the total Insurance Proceeds received 38 35 under the applicable Shared Policy (their "allocable share of the deductible"), and any party who has paid more than such share of the deductible shall be entitled to receive from the other party an appropriate amount so that each party has borne its allocable share of the deductible pursuant hereto.

Appears in 1 contract

Samples: Distribution Agreement (Dun & Bradstreet Corp /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.