Insurer Approval. In the event that any Claim arising hereunder is, or could potentially be determined to be, an insured Claim, neither the Indemnified Party nor the Indemnitor, as the case may be, shall negotiate, settle, retain counsel to defend or defend any such Claim, without having first obtained the prior approval of the insurer(s) providing such insurance coverage.
Appears in 10 contracts
Samples: Joint Operations Agreement, Energy and Capacity Agreement, Transmission Utilization Agreement
Insurer Approval. In the event that any Claim arising hereunder is, or could potentially be determined to be, an insured Claimclaim in accordance with the insurance coverage requirements set forth in Article 5, neither the Indemnified Party nor the Indemnitor, as the case may be, shall negotiate, settle, retain counsel to defend or defend any such Claim, without having first obtained the prior approval of the insurer(s) providing such insurance coverage.
Appears in 1 contract
Samples: Lil Assets Agreement
Insurer Approval. In the event that any Claim arising hereunder is, or could potentially be determined to be, an insured Claimclaim in accordance with the insurance coverage requirements set forth in Article 12, neither the Indemnified Party nor the Indemnitor, as the case may be, shall negotiate, settle, retain counsel to defend or defend any such Claim, without having first obtained the prior approval of the insurer(s) providing such insurance coverage.
Appears in 1 contract
Samples: Newfoundland and Labrador Hydro
Insurer Approval. In the event that any Claim arising hereunder is, or could potentially be determined to be, an insured Claimclaim in accordance with the insurance coverage requirements set forth in Article 11, neither the Indemnified Party nor the Indemnitor, as the case may be, shall negotiate, settle, retain counsel to defend or defend any such Claim, without having first obtained the prior approval of the insurer(s) providing such insurance coverage.
Appears in 1 contract
Samples: Power Purchase Agreement
Insurer Approval. In the event that any Claim arising hereunder is, or could potentially be determined to be, an insured Claimclaim, neither the Indemnified Party nor the Indemnitor, as the case may be, shall negotiate, settle, retain counsel to defend or defend any such Claim, without having first obtained the prior approval of the insurer(s) providing such insurance coverage.
Appears in 1 contract
Samples: Funding Agreement
Insurer Approval. In the event that any Claim arising hereunder is, or could potentially be determined to be, an insured Claim, neither the Indemnified Party nor the Indemnitor, as the case may be, shall negotiate, settle, retain counsel to defend or defend any such Claim, without having first obtained the prior approval of the insurer(s) providing such the relevant insurance coverage.
Appears in 1 contract
Samples: Master Power Purchase And
Insurer Approval. In the event that any Claim arising hereunder is, or could potentially be determined to be, an insured Claimclaim in accordance with the insurance coverage requirements set forth in Article 9, neither the Indemnified Party nor the Indemnitor, as the case may be, shall negotiate, settle, retain counsel to defend or defend any such Claim, without having first obtained the prior approval of the insurer(s) providing such insurance coverage.
Appears in 1 contract
Samples: Assignment Agreement