Subsequent Allocation. Any proceeds unallocated after the initial allocation shall be allocated by repeating the following procedure until all the proceeds are allocated. To each Party for which the loss was not covered by the prior allocation, there shall be allocated a portion of the unallocated proceeds equal to the lesser of (i) the amount of that Party’s insured loss not covered by the prior allocation, or (ii) an amount equal to the unallocated proceeds multiplied by the applicable fraction set forth in paragraph 4(a) above.
Appears in 9 contracts
Samples: Professional Liability Insurance Policy Joint Insureds Agreement (Equitrust Series Fund Inc), Professional Liability Insurance Policy Joint Insureds Agreement (Equitrust Variable Insurance Series Fund), Professional Liability Insurance Policy (Equitrust Money Market Fund Inc)
