Common use of RECOVERIES FROM THIRD PARTIES Clause in Contracts

RECOVERIES FROM THIRD PARTIES. The Underwriter is entitled and the Policyholder gives consent to the Underwriter to control and settle any claim and to take proceedings at its own expense in the name of the Policyholder to secure compensation from any third party in respect of any loss or damage covered by this Policy.

RECOVERIES FROM THIRD PARTIES. The Underwriter is entitled to and the Policyholder gives consent to the Underwriter to control and settle any claim and to take proceedings at its own expense but in the name of the Policyholder to secure compensation from any third party in respect of any loss or damage covered by this Policy.