Company Designations. The Company’s determination as to whether an obligation is a Go-Forward Creole Obligation or a Go-Forward Dampkraft Obligation (a “Company Designation”) shall be binding on Creole and Dampkraft, and they shall not delay, or make any deduction with respect to, their payment or other response to such obligation on account of any disagreement with such determination, provided, however, that such payment or other response shall not be construed as prejudicial to either Party in any dispute between Creole and Dampkraft with respect to any such Company Designation.
Appears in 4 contracts
Samples: Reinsurance Novation and Assumption Agreement, Reinsurance Novation and Assumption Agreement (Babcock & Wilcox Enterprises, Inc.), Reinsurance Novation and Assumption Agreement (Babcock & Wilcox Enterprises, Inc.)
