Common use of Insurer Approval Clause in Contracts

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

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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

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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

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