Common use of ASSIGNMENT OF SHARED POLICIES Clause in Contracts

ASSIGNMENT OF SHARED POLICIES. Subject to the terms and conditions hereof, the Corporation hereby assigns, transfers and conveys to New Ceridian all of the Corporation's right, title and interest in and to any and all of the New Ceridian Policies and the Shared Policies, including, without limitation, the right of indemnity, the right to be defended by or at the expense of the insurer and the right to any applicable Insurance Proceeds thereunder; and the Corporation and New Ceridian shall use their commercially reasonable efforts to obtain any required consents of insurers to the assignment contemplated by this paragraph.

ASSIGNMENT OF SHARED POLICIES. Subject to the terms and conditions hereof, the Corporation hereby assigns, transfers and conveys to New Ceridian all of the Corporation's right, title and interest in and to any and all of the New Ceridian Policies and the Shared Policies, including, without limitation, the right of indemnity, the right to be defended by or at the expense of the insurer and the right to any applicable Insurance Proceeds thereunder; and the Corporation and New Ceridian shall use their commercially reasonable efforts to obtain any required consents of insurers to the assignment contemplated by this paragraph.