Common use of Conduct of Claims - Default Clause in Contracts

Conduct of Claims - Default. Notwithstanding any other provisions of this Clause 5, if an Enforcement Notice has been delivered, then the Security Agent in consultation with the Insurance Adviser shall have sole conduct of all claims under the Insurances.

Appears in 3 contracts

Samples: Common Terms Agreement (Wynn Resorts LTD), Common Terms Agreement (Wynn Resorts LTD), Common Terms Agreement (Wynn Resorts LTD)

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Conduct of Claims - Default. Notwithstanding any other provisions of this Clause 58, if an Enforcement Notice has been deliveredissued, then the Security Agent in consultation with the Insurance Adviser shall have sole conduct of all claims under the InsurancesOnshore Insurances Policies.

Appears in 1 contract

Samples: Assignment of Insurances (Wynn Resorts LTD)

Conduct of Claims - Default. Notwithstanding any other provisions of this Clause 5, if an Enforcement Notice has been delivereddelivered to the Borrower, then the Security Agent in consultation with the Insurance Adviser shall have sole conduct of all claims under the Insurances.

Appears in 1 contract

Samples: Loan Agreement (Melco Crown Entertainment LTD)

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Conduct of Claims - Default. Notwithstanding any other provisions of this Clause 5, if an Enforcement Notice has been delivereddelivered to the Company, then the Security Agent in consultation with the Insurance Adviser shall have sole conduct of all claims under the Insurances.

Appears in 1 contract

Samples: Senior Facilities Agreement (Melco PBL Entertainment (Macau) LTD)

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