Common use of Duty to Mitigate Settlements Clause in Contracts

Duty to Mitigate Settlements. To the extent that any member of any Group is responsible for the Claims Administration for any claims under any Shared Policies after the Distribution Date, it shall use its reasonable best efforts to mitigate the amount of any settlements of such claims.

Appears in 3 contracts

Samples: Separation and Distribution Agreement (Abraxis Biosciences, Inc.), Separation and Distribution Agreement (APP Pharmaceuticals, Inc.), Separation and Distribution Agreement (New Abraxis, Inc.)

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Duty to Mitigate Settlements. To the extent that any member of any Group is responsible for the Claims Administration for any claims under any Shared Policies after the Distribution DateTime, it shall use its reasonable best efforts to mitigate the amount of any settlements of such claims.

Appears in 2 contracts

Samples: Separation Agreement (Alberto Culver Co), Separation Agreement (Marshall & Ilsley Corp/Wi/)

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Duty to Mitigate Settlements. To the extent that any member of any Group is responsible for the Claims Administration for any claims under any Shared Policies after the Distribution DateDistributions Time, it shall use its reasonable best efforts to mitigate the amount of any settlements of such claims.

Appears in 1 contract

Samples: Separation Agreement (Alberto Culver Co)

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