Assignment of Indemnity Sample Clauses

Assignment of Indemnity a. The Insured may assign all or a portion of any Indemnity payable to it, provided that: i. it has the legal authority to execute such an assignment; ii. the assignment is made in writing in a form approved by AFSC; iii. AFSC is in receipt of a copy of the assignment; and iv. the assignment is accepted in writing by AFSC. b. Where the Insured has assigned the right to an Indemnity in accordance with this Contract, AFSC will make payment up to the amount stated in the assignment in the name of the assignee and will send such payment to the assignee, all without further notice to the Insured.
AutoNDA by SimpleDocs
Assignment of Indemnity. The Insured may assign all or a specified dollar amount of the right to indemnification under this Contract but, (i) an assignment is not binding on the Corporation, and no payment of indemnity shall be made to an assignee, unless: A. the assignment is made on a form acceptable to the Corporation and is accompanied by the fee stipulated by such form, and B. the Corporation gives its acceptance to the assignment in writing; and (ii) any assignment made in accordance with the foregoing has the effect of assigning the same rights of indemnification of the Insured under all contracts of insurance (including, without limitation, the AgriInsurance Contract of the Insured, but excluding any contract of insurance between the Insured and the Corporation under the Western Livestock Price Insurance Program) between the Insured and the Corporation. An assignee shall have the same right as the Insured to file a claim for loss or damage to the Insured Crop. Subject to the Corporation being provided with written evidence as to any postponement or like agreement to which the Insured is a party, if more than one assignment is received by the Corporation, the assignment first received and accepted by the Corporation shall have priority over subsequent assignments received.
Assignment of Indemnity. 41 Section 12. Miscellaneous.....................................................41
Assignment of Indemnity. The obligations of the Surviving Corporation under this Section 11 may be assigned to the Buyer (as such term is defined in the Purchase and Sale Agreement). Upon such assignment by the Surviving Corporation and the express assumption of this Special Environmental Indemnity by Buyer (each on terms satisfactory to Company), Company will release the Surviving Corporation from any obligations under this Section 11 by execution of a release in form and substance reasonably satisfactory to the Surviving Corporation.
Assignment of Indemnity. Seller shall have delivered to Buyers an assignment to WestRock Slatersville, LLC of Seller’s rights to indemnification for the Known Environmental Liabilities, as that term is defined under the Membership Interest Purchase Agreement by and among MeadWestvaco Corporation, PT Holdings, Inc., the Stockholders party thereto, and Xxxxxxx Xxxxxx, dated December 30, 2011 (the “PT Purchase Agreement”), including any rights that Seller may have to draw upon the environmental escrow established under such Membership Interest Purchase Agreement, which assignment shall provide that in the event Seller is subject to any Losses arising after the Closing for Known Environmental Liabilities (as defined in the PT Purchase Agreement), Buyers will pursue claims for indemnification for such Losses under the PT Purchase Agreement and indemnify Seller for such Losses solely to the extent of the amount of any indemnification Buyers actually receive under the PT Purchase Agreement in respect of such Losses and net of any unreimbursed third-party costs incurred to pursue such indemnification claims, all in a manner substantively as similarly provided in Section 4.26 of this Agreement.
Assignment of Indemnity. Neither Party’s indemnifications, covenants, representations and warranties are assignable and all such obligations will terminate as to any Property upon the sale of such Property by Buyer to a third party, or as to any Party upon any sale, merger or other change in ownership or control. This Article 18.8 shall not apply to a sale or transfer by a Party to any entity which is affiliated with that Party.
Assignment of Indemnity causes of loss and the apples are damaged by hail You may assign to another party your right to an indemnity for or fire, appraisals will be made in accordance with the crop year, only on our form and with our approval. The Form FCI-78, “Request to Exclude Hail and Fire.” assignee will have the right to submit the loss notices and
AutoNDA by SimpleDocs
Assignment of Indemnity. A transfer of pol- icy rights, made on our form, and effective when approved by us. It is the arrangement whereby you assign your right to an indem- nity payment to any party of your choice for the crop year. Basic unit. All insurable acreage of the in- sured crop in the county on the date cov- erage begins for the crop year:
Assignment of Indemnity. ‌ 1. The Insured may assign the right to an Indemnity, provided that: a. they have the legal authority to execute such an assignment; b. the assignment is in a form approved by AFSC; c. AFSC is in receipt of a copy of the assignment; and x. the assignment is accepted in writing by AFSC. 2. Where the Insured has assigned the right to an Indemnity in accordance with this Contract, payment up to the amount stated in the assignment will be made in the name of the assignee and sent to the assignee.
Assignment of Indemnity. You may assign to another party your right to an indemnity for the crop year, only on our form and with our approval. The assignee will have the right to submit the loss notices and forms required by the contract.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!