Common use of Cooperation in Loss Recovery Efforts Clause in Contracts

Cooperation in Loss Recovery Efforts. In the event of any damages for which the Financial Institution or the Company may be liable to each other or to a third party pursuant to the services provided under this Agreement, the Financial Institution and the Company will undertake reasonable efforts to cooperate with each other, as permitted by applicable law, in performing loss recovery efforts and in connection with any actions that the relevant party may be obligated to defend or elects to pursue against a third party.

Appears in 1 contract

Samples: Ach Agreement

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Cooperation in Loss Recovery Efforts. In the event of any damages for which the Financial Institution financial institution or the Company company may be liable to each other or to a third party pursuant to the services provided under this Agreementagreement, the Financial Institution financial institution and the Company company will undertake reasonable efforts to cooperate with each other, as permitted by applicable law, in performing loss recovery efforts and in connection with any actions that the relevant party may be obligated to defend or elects to pursue against a third party.

Appears in 1 contract

Samples: Ach Originator Agreement

Cooperation in Loss Recovery Efforts. In the event of any damages for which the Financial Institution or the Company may be liable to each other or to a third party pursuant to the services Service provided under this Agreement, the Financial Institution and the Company will undertake reasonable efforts to cooperate with each other, as permitted by applicable law, in performing loss recovery efforts and in connection with any actions that the relevant party may be obligated to defend or elects to pursue against a third party.

Appears in 1 contract

Samples: Ach Origination Agreement

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Cooperation in Loss Recovery Efforts. In the event of any damages for which the Financial Institution or the Company may be liable to each other or to a third party pursuant to the services provided under this Agreement, the Financial Institution and the Company will undertake reasonable efforts to cooperate with each other, as permitted by applicable law, in performing loss recovery efforts and in connection with any actions that the relevant party may be obligated to defend or elects to pursue against a third party.

Appears in 1 contract

Samples: Originating Depository Financial Institution Agreement

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