Assignment of Insurance Proceeds. Borrower agrees to execute such further evidence of assignment of any Insurance proceeds as Lender may require.
Assignment of Insurance Proceeds. Xxxxxxxx agrees to execute such further evidence of assignment of any Insurance proceeds as Lender may require.
Assignment of Insurance Proceeds. The Borrower fails to enter into the Assignment of Insurance Proceeds (if applicable) within 60 days of the Satellite suffering a Total Loss or Constructive Total Loss except in circumstances where the Contract is cancelled, repudiated or terminated prior to the expiry of those 60 days.
Assignment of Insurance Proceeds. It is known that the Beneficiary is entitled to certain proceeds from the Insurance Company under a separate agreement with a Policy Number of 91-FWS18WNAWUQ (“Insurance Proceeds”). Under this Agreement, the Beneficiary agrees to transfer: (choose one) ☐ - All of the Insurance Proceeds to the Assuming Party. ☒ - A Portion of the Insurance Proceeds to the Assuming Party in an amount equal to $7,200.
Assignment of Insurance Proceeds. The eRoom Parties shall, or shall cause all Lessees to, maintain insurance in scope and amount required by the related Business Lease. Each eRoom Party shall pay over to the Custodian as Collected Funds all sums it receives from Lessees which may have become payable under or in respect of any policy of insurance owned by such Lessees.
Assignment of Insurance Proceeds. Dow Corning agrees, subject to the terms hereof, to grant, convey, sell, transfer, set-over and deliver to the Settlement Facility all of Dow Corning’s right, title and interest in and to the Insurance Proceeds, including without limitation proceeds for payment of defense costs, for payment of bodily injury claims and property damage claims, and payment pursuant to settlements between Dow Corning and the insurers with respect to those listed insurance policies. On the Effective Date, Dow Corning will execute an Assignment and Security Agreement, thereby assigning to the Facility the Insurance Proceeds.
Assignment of Insurance Proceeds. Notwithstanding anything contained herein to the contrary, Buyer shall assign to Seller, and shall cause the Company to assign to Seller, and shall use, and shall cause the Company to use, commercially reasonable efforts to enable Seller to collect, all insurance proceeds payable pursuant to any insurance policy maintained by the Company on or prior to the Closing Date with respect to any Loss for which indemnity is payable by Seller under this Article IX.
Assignment of Insurance Proceeds. Effective upon the Closing, (a) the Seller shall (and shall cause the other Seller Entities to) assign and transfer to the Purchasers or their designees all claims, causes of action, rights of recovery and rights of set-off of any kind arising under any contract of insurance or by operation of Law to the extent in favor of or pertaining to the Water Business or any portion thereof (other than rights in favor of or pertaining to the Excluded Assets or the Excluded Liabilities); and (b) the Purchasers shall (and shall cause their Affiliates to) assign and transfer to the Seller or its designees all claims, causes of action, rights of recovery and rights of set-off of any kind arising under any contract of insurance or by operation of Law to the extent in favor of or pertaining to the Excluded Assets or the Excluded Liabilities (other than rights in favor of or pertaining to the Water Business or any portion thereof). In the event that any party shall be unable to make the foregoing assignment, or if such attempted assignment would give rise to any right of termination of, or would otherwise adversely affect the rights of either party (or any Seller Entity or Transferred Subsidiary) under such insurance contracts, then the parties shall cooperate with each other and use commercially reasonable efforts to provide each other with the benefits of all such claims, causes of action and rights as set forth in Section 5.12. Each party shall assert claims against or seek coverage under insurance policies owned or controlled by the other party only in accordance with the terms and conditions set forth in Section 5.12.
Assignment of Insurance Proceeds. 5.4.1 The Mortgagor absolutely assigns to the Mortgagee as security for the Secured Money all its rights to demand, sue xxx, recover and receive proceeds of any insurance in respect of loss or destruction of or damage to any Mortgaged Property and any insurance effected pursuant to clause 5.2.
5.4.2 Except in accordance with the Mortgagee's express instructions, the Mortgagor must not make claims, sue for, recover, settle, compromise or otherwise deal with any right to receive proceeds of any such insurance.
5.4.3 The proceeds of any insurance referred to in clause 5.4.1 must be applied in reduction of the Secured Money or if the Mortgagee in its discretion permits in reinstatement or replacement of the Mortgaged Property.
Assignment of Insurance Proceeds. The Property is insured by USAA, policy number 004737469/83A, claim number 004737469- 012. Customer hereby assigns to Xxxxxxx Restorations all insurance proceeds relating to the Work up to the amount of the Contract Price. Customer hereby authorizes direct payment of such insurance proceeds to Xxxxxxx Restorations, and Customer shall execute all documents reasonably necessary to accomplish the foregoing. If Customer’s insurance carrier pays Customer directly for any part of the Work, then Customer shall promptly turn those proceeds over to Xxxxxxx Restorations in accordance with the Progress Payment Schedule. Upon request, Customer shall provide an accounting to Xxxxxxx Restorations for all insurance proceeds received. Xxxxxxx Restorations will mail a courtesy copy of its invoices to Customer’s property insurance carrier if requested. Xxxxxxx Restorations’ cooperation with Customer in obtaining payment directly from the insurance carrier shall not constitute a waiver of Xxxxxxx Restorations’ right to payment of the Contract Price from Customer.
