SUBROGATION AND RECOVERY. As required by the Plan and mutually agreed upon by the Trustee and CAS, CAS may pursue rights of subrogation and recovery on behalf of Employer’s Plan. CAS reserves the right to subcontract for the performance of these subrogation services. Trustee shall cooperate with CAS or any such subcontractor in the recovery effort.
SUBROGATION AND RECOVERY. In the event the Reinsured has any rights of subrogation, salvage, recovery or claims reimbursement or rights against any person or entity who or which may be legally responsible in damages for any loss that is the subject of a valid claim under an Issued Contract (individually and collectively, “Recoveries”), the Reinsured shall use its best efforts to pursue such Recoveries, provided that, so long as the Reinsurer is not in default of its obligations under this Agreement, the Reinsurer shall have the sole right to direct the Reinsured (and the Reinsured shall act in accordance with the direction of the Reinsurer) in connection with any right of Recovery. The Reinsured shall account to, and credit, the Reinsurer with the Quota Share Percentage of any Recoveries (after deduction of the costs of obtaining such Recoveries) received or recovered by the Reinsured. This provision shall survive the Term and remain in effect until all Recoveries relating to any claim paid by the Reinsurer hereunder shall have been obtained.
SUBROGATION AND RECOVERY. In the event the Reinsured has any rights of subrogation, salvage, recovery or claims reimbursement or rights against any person or entity who may be legally responsible in damages for any loss that is the subject of a valid claim under a Policy (individually and collectively, “Recoveries”), the Reinsured shall pursue such Recoveries. Notwithstanding the foregoing, the Reinsured shall only be obliged to enforce its rights of Recovery to the extent that the Reinsured reasonably believes that such exercise may be economically worthwhile. The Reinsured shall have complete and sole control of the direction of all salvage remedies, and the Reinsurer shall be bound by the judgment of the Reinsured with respect thereto; provided, however, in the event the Reinsured fails to proceed to recoup any claim paid by the Reinsurer or in the event of the temporary or permanent discontinuance of the business of the Reinsured or the insolvency of the Reinsured, the Reinsurer shall have the right to assume and control enforcement of all of the rights of the Reinsured to recoup any claim paid by the Reinsurer hereunder and the Reinsured shall cooperate fully with the Reinsurer in relation thereto. The Reinsured shall account to, and credit, the Reinsurer with the Reinsurer’s Quota Share Percentage of any Recoveries (after deduction of the costs of obtaining such Recoveries) received or recovered by the Reinsured. This provision shall survive the Term and remain in effect until all recoveries, salvages or reimbursements relating to any claim paid by the Reinsurer hereunder shall have been obtained.
SUBROGATION AND RECOVERY. The Insurer shall be subrogated to the extent it pays any Loss to all the Insureds' rights of recovery, and the Insureds shall:
A. execute all papers necessary to secure such rights, including executing any documents necessary to enable the Insurer effectively to bring suit in their name; and
B. take no action which impairs the Insurer's rights of subrogation or recovery.
SUBROGATION AND RECOVERY. (a) As a result of the payment by Lexington of certain amounts under the LPIC Policy prior to the Effective Date, the Settlement Amount and any Advances, in addition to all other rights, remedies and/or recoveries available to Lexington (including those relating to any Life Insurance Policy or beneficial interest of a related Premium Finance Borrower), Lexington shall be subrogated to all Imperial PFC’s rights of recovery against any Person solely in respect of any such payments, and Imperial PFC shall execute and deliver all instruments and papers reasonably requested by Lexington and do whatever else is commercially reasonable to secure any such rights, remedies and/or recoveries. Imperial PFC shall do nothing to prejudice such rights, remedies or recoveries.
SUBROGATION AND RECOVERY. 1. In the event of any payment under this Policy, the Insurer shall be subrogated to all of the Insureds’ rights of recovery and the Company and Insured Persons shall execute all papers required and do everything that may be necessary to secure such rights, including the execution of such documents as may be necessary to enable the Insurer to effectively bring suit in the name of any Insured Persons or the Company. The Insurer shall not exercise any available right of subrogation against an Insured Person under this Policy.
2. In the event the Insurer recovers amounts it paid under this Policy, the Insurer will reinstate the applicable Limits of Liability of this Policy to the extent of such recovery, less the Insurer’s costs incurred in obtaining such recovery. The Insurer assumes no duty to seek a recovery of any amounts paid under this Policy.
SUBROGATION AND RECOVERY. Prior to the Senior Claims Discharge Date, the Subordinated Creditors will not under any circumstances be entitled to exercise any right of subrogation or recourse in respect of the rights of the Senior Creditor.
SUBROGATION AND RECOVERY. To the extent it pays any Non-Indemnified Loss, the Insurer shall be subrogated to all the Insured Persons’ rights of recovery therefor, including without limitation an Insured Persons’ right to indemnification or advancement from the Entity, or any Underlying Insurance. The Entity and Insured Persons shall execute all papers necessary to secure such rights, including executing any documents necessary to enable the Insurer effectively to bring suit in their name, and shall take no action which impairs the Insurer's rights of subrogation or recovery. The Insurer shall not exercise its right to subrogate against any Insured Person unless and to the extent that Exclusion 4, Illegal Profits/Deliberate Acts is applicable to such Insured Person.
