Common use of Order of Payments Clause in Contracts

Order of Payments. In the event a Loss arising from a covered Claim for which payment is due under the provisions of this policy, then the Insurer shall in all events: a. first, pay Loss of a natural person Insured for which coverage is provided under Insuring Agreement A or D of this policy; and then b. only after payment of Loss has been made pursuant to (a) above, with respect to whatever remaining amount of the Limit of Liability is available after such payment, at the written request of the Named Insured, either pay or withhold such payment of such other Loss for which coverage is provided under Insuring Agreement B of this policy; and then c. only after payment of Loss has been made pursuant to Clause (a) and (b) above, with respect to whatever remaining amount of the Limited of Liability is available after such payment, at the written request of the Named Insured, either pay or withhold payment of such other Loss for which coverage is provided under Insuring Agreement C of this policy. In the event the Insurer withholds payment pursuant to (b) and/or (c) above, then the Insurer shall, at such time and in such manner as shall be set forth in written instructions of the Named Insured, remit such payment to an Organization or directly to or on behalf of an Insured Person. The bankruptcy or insolvency of any Organization and/or entity Insured and/or any Insured Person shall not relieve the Insurer of any of its obligations to prioritize payment of covered Loss under this policy pursuant to this Clause.

Order of Payments. In the event a of Loss arising from a covered Claim for which payment is due under the provisions of this policy, then the Insurer shall in all events: a. (a) first, pay Loss of a natural person Insured for which coverage is provided under Insuring Agreement A or Coverage A, C and D of this policy; and then b. (b) only after payment of Loss has been made pursuant to sub-section (a) above, with respect to whatever remaining amount of the Limit of Liability is available after such payment, at the written request of the Named InsuredFund Manager, either pay or withhold such payment of such other Loss for which coverage is provided under Insuring Agreement B Coverage B(ii) of this policy; and then c. (c) only after payment of Loss has been made pursuant to Clause sub-sections (a) and (b) above, with respect to whatever remaining amount of the Limited Limit of Liability is available after such payment, at the written request of the Named InsuredFund Manager, either pay or withhold payment of such other Loss for which coverage is provided under Insuring Agreement C Coverages B(i) and D of this policy. In the event the Insurer withholds payment pursuant to sub-sections (b) and/or and (c) above, then the Insurer shall, at such time and in such manner as shall be set forth in written instructions of the Named InsuredFund Manager, remit such payment to an Organization or directly to or on behalf of an Insured Persona natural person Insured. The bankruptcy or insolvency of any Organization and/or entity Insured and/or any Insured Person shall not relieve the Insurer of any of its obligations to prioritize payment of covered Loss under this policy pursuant to this ClauseClause 5.12.

Order of Payments. In the event a of Loss arising from a covered Claim for which payment is due under the provisions of this policy, then the Insurer shall in all events: a. (a) first, pay Loss of a natural person Insured for which coverage is provided under Insuring Agreement Coverage A or D and Coverage C of this policy; and then b. (b) only after payment of Loss has been made pursuant to (aClause 22(a) above, with respect to whatever remaining amount of the Limit of Liability is available after such payment, at the written request of the Named Insured, either pay or withhold such payment of such other Loss for which coverage is provided under Insuring Agreement B of this policy; and then c. only after payment of Loss has been made pursuant to Clause (a) and (b) above, with respect to whatever remaining amount of the Limited of Liability is available after such payment, at the written request chief executive officer of the Named InsuredEntity, either pay or withhold payment of such other Loss for which coverage is provided under Insuring Agreement C Coverage B(ii) of this policy; and then (c) only after payment of Loss has been made pursuant to Clause 22(a) and Clause 22(b) above, with respect to whatever remaining amount of the Limit of Liability is available after such payment, at the written request of the chief executive officer of the Named Entity, either pay or withhold payment of such other Loss for which coverage is provided under Coverages B(i) and D of this policy. In the event the Insurer withholds payment pursuant to (bClause 22(b) and/or (cClause 22(c) above, then the Insurer shall, shall at such time and in such manner as shall be set forth in written instructions of the chief executive officer of the Named Insured, Entity remit such payment to an Organization or directly to or on behalf of an Insured Person. The bankruptcy or insolvency of any Organization and/or entity Insured and/or or any Insured Person shall not relieve the Insurer of any of its obligations to prioritize payment of covered Loss under this policy pursuant to this ClauseClause 22.

Order of Payments. In the event a of Loss arising from a covered Claim for which payment is due under the provisions of this policy, then the Insurer shall in all events: a. (a) first, pay Loss of a natural person Insured for which coverage is provided under Insuring Agreement A or Coverage A, C and D of this policy; and then b. (b) only after payment of Loss has been made pursuant to (aClause 21(a) above, with respect to whatever remaining amount of the Limit of Liability is available after such payment, at the written request of the Named Insured, either pay or withhold such payment of such other Loss for which coverage is provided under Insuring Agreement B of this policy; and then c. only after payment of Loss has been made pursuant to Clause (a) and (b) above, with respect to whatever remaining amount of the Limited of Liability is available after such payment, at the written request of the Named InsuredFund Manager, either pay or withhold payment of such other Loss for which coverage is provided under Insuring Agreement C Coverage B(ii) of this policy; and then (c) only after payment of Loss has been made pursuant to Clause 21(a) and (b) above, with respect to whatever remaining amount of the Limit of Liability is available after such payment, at the written request of the Named Fund Manager, either pay or withhold payment of such other Loss for which coverage is provided under Coverages B and D of this policy. In the event the Insurer withholds payment pursuant to (bClause 21(b) and/or (cand Clause 21(c) above, then the Insurer shall, at such time and in such manner as shall be set forth in written instructions of the Named InsuredFund Manager, remit such payment to an Organization or directly to or on behalf of an Insured Persona natural person Insured. The bankruptcy or insolvency of any Organization and/or entity Insured and/or any Insured Person shall not relieve the Insurer of any of its obligations to prioritize payment of covered Loss under this policy pursuant to this ClauseClause 21.