Insurance Collection Sample Clauses

Insurance Collection. Each Section 14A Indemnified Party will use reasonable efforts to collect any Damages from any available insurer before attempting to collect from the Section 14A Indemnifying Party at any time. If any Section 14A Indemnified Party recovers any amount from any insurer after payment to such Section 14A Indemnified Party by one or more Section 14A Indemnifying Parties of all Damages suffered or incurred by such Section 14A Indemnified Party in respect of the matters to which such insurance payment relates, then such Section 14A Indemnified Party will promptly pay over to such Section 14A Indemnifying Parties the amount so recovered, to the extent not in excess of the amount previously paid by such Section 14A Indemnifying Party to such Section 14A Indemnified Party in respect of such matter.
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Insurance Collection. If any Purchaser Indemnified Party recovers any amount from any insurer in connection with any matter in respect of which such Purchaser Indemnified Party obtained indemnification under this ARTICLE X, then such Purchaser Indemnified Party will promptly pay over to the Equityholders’ Representative for distribution to the Sellers the amount so recovered from such insurer to the extent not in excess of the amount of the indemnification obtained by such Purchaser Indemnified Party under this ARTICLE X in respect of such matter. With respect to any Losses for which any Purchaser Indemnified Person is entitled to indemnification under this ARTICLE X, Purchaser shall use commercially reasonable efforts, and shall cause its Affiliates to use commercially reasonable efforts, to make and pursue claims for such Losses under the R&W Insurance Policy.
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Insurance Collection. The City shall have the sole discretion on the continuation of the practice of insurance billing collection as a municipal function for the sole purpose of providing supplemental revenue in support of Department operations. In the event that the City discontinues insurance billing collection, the Township may implement insurance billing collection. The entity actually performing insurance billing collection has the right to retain all proceeds of the collection it performs, and shall be responsible for the costs of its billing operation. Both parties agree that the existence of the insurance collections for the purpose of funding the Department is vital to maintaining the service level currently enjoyed by the Parties.
Sample 1
Insurance Collection. If any indemnified party recovers any amount from any insurer in connection with any matter in respect of which such indemnified party obtained indemnification under this Article VIII, then such indemnified party will promptly pay over, in the case of a Parent Indemnified Party to the Equityholders in accordance with the Future Payment Allocation Schedule that is applicable to such payment (and such payment shall be made to the Equityholders in cash by wire transfer of immediately available funds into accounts designated on the applicable Future Payment Allocation Schedule), and in the case of an Equityholder Indemnified Party to Parent, the amount so recovered from such insurer to the extent not in excess of the amount of the indemnification obtained by such indemnified party under this Article VIII in respect of such matter.
Sample 1
Insurance Collection. The Indemnified Party shall use commercially reasonable efforts to pursue, and to cause its Affiliates to use commercially reasonable efforts to pursue, all insurance claims to which it may be entitled in connection with any Damages it incurs for which it makes a claim for indemnification pursuant to this Article 9, provided that (i) the foregoing provisions of this Section 9.8 shall not be a condition precedent for any Indemnified Party to make any claim for indemnification pursuant to this Article 9 and (ii) the foregoing provisions of this Section 9.8 shall not apply to any Fraud Claim. The parties shall cooperate with each other in pursuing any such insurance claims. If any Indemnified Party recovers any amount from any insurer after payment to such Indemnified Party of all Damages suffered or incurred by such Indemnified Party in respect of the matters to which such insurance payment relates, then such Indemnified Party will promptly pay over to the Indemnifying Party the amount so recovered, to the extent not in excess of the amount previously paid to such Indemnified Party in respect of such matter.
Sample 1

Related to Insurance Collection

  • Income Collection Unless otherwise directed by Instruction, the Custodian shall collect any amount due and payable to the Fund with respect to Investments and promptly credit the amount collected to a Principal or Agency Account; provided, however, that the Custodian shall not be responsible for: (a) the collection of amounts due and payable with respect to Investments that are in default or (b) the collection of cash or share entitlements with respect to Investments that are not registered in the name of the Custodian or its Subcustodians. The Custodian is hereby authorized to endorse and deliver any instrument required to be so endorsed and delivered to effect collection of any amount due and payable to the Fund with respect to Investments.

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • Insurance/Condemnation Proceeds No later than the fifth Business Day following the date of receipt by any Loan Party or any of its Subsidiaries, or Collateral Agent as lender loss payee, of any Net Proceeds from insurance or any condemnation, taking, or other casualty, Lead Borrower shall prepay the Loans in an aggregate amount equal to such Net Proceeds; provided, that (i) so long as no Default or Event of Default shall have occurred and be continuing, (ii) Lead Borrower has delivered Administrative Agent prior written notice of Lead Borrower’s intention to apply the Reinvestment Amounts to the costs of replacement of the properties or assets that are the subject of such condemnation, taking, or other casualty or the cost of purchase or construction of other assets useful in the business of the Loan Parties or their Subsidiaries reinvested within twelve (12) months (or within 18 (eighteen) months following receipt thereof if a contractual commitment to reinvest is entered into within twelve (12) months following receipt thereof) following the date of the receipt of such Net Proceeds, (iii) the monies are held in a Deposit Account in which Collateral Agent has a perfected first-priority security interest, and (iv) the Loan Parties and their Subsidiaries complete such replacement, purchase, or construction within twelve (12) months after the initial receipt of such monies (or within eighteen (18) months following receipt thereof if a contractual commitment to reinvest is entered into within twelve (12) months following receipt thereof), the Loan Parties and their Subsidiaries shall have the option to apply such monies, in an aggregate amount not to exceed $2,500,000 in any Fiscal Year, to the costs of replacement of the assets that are the subject of such condemnation, taking, or other casualty or the costs of purchase or construction of other assets useful in the business of the Loan Parties and their Subsidiaries unless and to the extent that such applicable period shall have expired without such replacement, purchase, or construction being made or completed, in which case, any amounts remaining in the cash collateral account shall be paid to Administrative Agent and applied in accordance with Section 2.14(a).

  • The Collection Account (a) The Trust Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the Noteholders.

  • Deposits to the Collection Account On behalf of the Trust Fund, the Master Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Master Servicer's receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, and retain therein, the following payments and collections received or made by it subsequent to the Cut-off Date with respect to the Mortgage Loans, or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto:

  • Data Collection Some downloaded software included in the Materials may generate and collect information about the software and usage and transmit it to Intel to help improve Intel’s products and services. This collected information may include product name, product version, time of event collection, license type, support type, installation status, hardware and software performance, and use. 9.

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

  • Insurance Costs (08/19) Contractor shall be financially responsible for all premiums, deductibles, self-insured retentions, and self-insurance.

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