Insurance and Other Third Party Payments. The Parties shall diligently exercise such rights as they may have to affect recovery of any Loss-and-Expense incurred under this Agreement from insurers and third parties, with any such recovery being proportionately applied to the incurred Loss- and-Expense, including as appropriate, to the restoration or reconstruction of the System.
Appears in 4 contracts
Samples: Construction, Operating and Cooperative Endeavor Agreement, Construction, Operating and Cooperative Endeavor Agreement, Construction, Operating and Cooperative Endeavor Agreement
