Loss Payee Clause. Claims payments under this Policy shall be agreed with and payable to the Security Agent or as it directs. Notwithstanding any of the foregoing, any amounts of any kind payable to any Insured party shall be paid into the Insurance Proceeds Account or as the Security Agent may otherwise direct.
Loss Payee Clause. Claims payments under this reinsurance shall be agreed with and payable to the Security Agent or as it directs. Notwithstanding any of the foregoing, any amounts of any kind payable to any reinsured or insured party shall be paid into the Insurance Proceeds Account or as the Security Agent may otherwise direct.
Loss Payee Clause. Subject to the terms, definitions, warranties, exclusions, provisions and conditions contained or endorsed or otherwise expressed in the Reinsurance cover, claims payments shall be made as follows:
Loss Payee Clause. The name of the insured must appear exactly as title is vested at Closing. The loss payee clause must read: LENDER “and/or its assigns as their interest may appear (A.T.I.M.A.)."
Loss Payee Clause. Subject to the terms, definitions, warranties, exclusions, provisions and conditions contained or endorsed or otherwise expressed in this Policy, claims payments shall be made as follows:
Loss Payee Clause. By way of loss payment agreement, the Insurers undertake that until the Senior Agent shall otherwise have notified and directed the Insurers, all monies due under this policy to any Insured, whether by way of Insurance Proceeds, Relevant Insurance Proceeds, claims, return premiums, ex gratia settlements or otherwise, shall be paid as follows, or to such other account or accounts as the Senior Agent so notifies to the Insurers:
Loss Payee Clause. The proceeds of any claim under this Policy where the agreed amount of settlement exceeds HK$20 million will be paid directly to the Kowloon-Canton Railway Corporation or as it may direct. MEMORANDA attaching to and forming part of Section 1 - continued
Loss Payee Clause. Losses and returns of premiums payable to: Named Insureds in respect of first party Or to their order Notwithstanding, in the event of a loss in excess of USD100,000,000 (Obligor’s interest) of the property insured, the insurance proceeds in respect of the Named Insured’s share shall be paid without further obligation to the Security Trustee on behalf of the Finance Parties per the following: Bank Name: XXXXXXXXX Bank Address: XXXXXXXXXXXXX Account Name: XXXXXXX [to be an Insurance Proceeds Account] Account Number: XXXXXXXXXXXXX or to its order. It being understood and agreed that any such payment by Re/Insurers shall fully discharge and release Re/Insurers from any and all further liability in connection herewith. All other insured losses in excess of USD10,000,000 (100%) and less than USD100,000,000 (Obligor’s interest) (if any) shall be paid to the Insureds as their interests may appear. However all insured losses payable under Loss of Production Income section of the Policy, irrespective of the amount of indemnity, shall be paid to Kosmos Energy Finance International and Kosmos Energy Operating (as advised by the Insured). Payment shall be made under this provision notwithstanding any bankruptcy, insolvency, liquidation or dissolution of the Obligor. Schedule 3 Lenders Part 1 Exiting Lenders Bank of America, N.A. Barclays Bank of Ghana Limited BNP Paribas Credit Suisse International DNB (UK) Limited ING Bank N.V. International Finance Corporation Investec Asset Management Proprietary Limited (acting as agent for and on behalf of its clients) Nedcap International Limited SGBTCI The Standard Bank of South Africa Limited Sumitomo Mitsui Banking Corporation Part 2 New Lenders Bank of America Xxxxxxx Xxxxx International Limited Bank of Montreal, London Branch ING Belgium SA/NV N.B.S.A. Limited Rand Merchant Bank, a division of FirstRand Bank Limited (London Branch) Société Générale, London Branch The Standard Bank of South Africa Limited, Isle of Man Branch Sumitomo Mitsui Banking Corporation Europe Limited Part 3 Continuing Lenders ABSA Bank Limited (acting through its corporate and investment banking division) The Bank of Tokyo-Mitsubishi UFJ, Ltd. Citibank N.A., London Branch Crédit Agricole Corporate and Investment Bank HSBC Bank Plc Natixis Standard Chartered Bank Schedule 4 Hedging Counterparties Part 1 Continuing Hedging Counterparties ABSA Bank Limited (acting through its corporate and investment banking division) BNP Paribas Credit Suisse Internati...
Loss Payee Clause. Claims payments under this Policy shall be agreed with and payable to the Agent or as it directs. Notwithstanding any of the foregoing, any amounts of any kind payable to any of the Group Insured shall be paid into the Insurance Proceeds Account or as the Agent may otherwise direct.
Loss Payee Clause. All recoveries under this policy in respect of loss of or damage to the Equipment or any of it shall be applied as follows:
