Common use of Non-Waiver of Rights to Coverage Clause in Contracts

Non-Waiver of Rights to Coverage. An insurance carrier that -------------------------------- would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the provisions of this Article X, have any subrogation rights with respect thereto, it being --------- expressly understood and agreed that no insurance carrier or any third party shall be entitled to a windfall (i.e., a benefit they would not be entitled to ---- receive had no Distribution occurred or in the absence of the provisions of this Article X) by --------- virtue of the provisions hereof.

Appears in 1 contract

Samples: Reorganization Agreement (Technology Solutions Company)

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Non-Waiver of Rights to Coverage. An insurance carrier that -------------------------------- otherwise would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the provisions of this Article XXIII, have any subrogation rights with respect thereto, it being --------- ------------ expressly understood and agreed that no insurance carrier or any third third-party shall be entitled to a windfall (i.e., a benefit they would not be entitled to ---- receive had no Distribution occurred or in the absence of the provisions of this Article X) by --------- virtue of the provisions hereof.this

Appears in 1 contract

Samples: Reorganization Agreement (Baxter International Inc)

Non-Waiver of Rights to Coverage. An insurance carrier that otherwise -------------------------------- would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the provisions of this Article XXI, ---------- have any subrogation rights with respect thereto, it being --------- expressly understood and agreed that no insurance carrier or any third third-party shall be entitled to a windfall (i.e., a benefit they would not be entitled to ---- receive had no Distribution the Closing ---- not occurred or in the absence of the provisions of this Article XXI) by --------- virtue ---------- of the provisions hereof.

Appears in 1 contract

Samples: Option Agreement (Edwards Lifesciences Corp)

Non-Waiver of Rights to Coverage. An insurance carrier that -------------------------------- otherwise would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the provisions of this Article XXIII, have any subrogation rights with respect thereto, it being --------- ------------ expressly understood and agreed that no insurance carrier or any third third-party shall be entitled to a windfall (i.e., a benefit they would not be entitled to ---- receive had no Distribution occurred or in the absence of the provisions of this Article XXIII) by --------- virtue of the provisions hereof.. ------------

Appears in 1 contract

Samples: Reorganization Agreement (Edwards Lifesciences Corp)

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Non-Waiver of Rights to Coverage. An insurance carrier that -------------------------------- would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the provisions of this Article XARTICLE VIII, have any subrogation rights with respect thereto, it being --------- expressly understood and agreed that no insurance carrier or any third party shall be entitled to a windfall (i.e.I.E., a benefit they would not be entitled to ---- receive had no Distribution occurred or in the absence of the provisions of this Article XARTICLE VIII) by --------- virtue of the provisions hereof.

Appears in 1 contract

Samples: Distribution Agreement (Combined Specialty Corp)

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