Insurance Action Recoveries definition

Insurance Action Recoveries means (a) Cash or other proceeds derived from and paid by an Insurance Company pursuant to an Insurance Settlement Agreement and (b) the right to receive the proceeds or benefits of any Insurance Action.
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Insurance Action Recoveries means (a) Cash derived from and paid by an Insurance Company pursuant to an Insurance Settlement Agreement, (b) the right to receive proceeds of Insurance Coverage (including any receivables), and (c) the right to receive the proceeds or benefits of any Insurance Action.
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Examples of Insurance Action Recoveries in a sentence

  • Furthermore, without limiting the foregoing, the Settlement Trust shall be empowered to maintain, administer, preserve, or pursue the Insurance Actions and the Insurance Action Recoveries.

  • The Bankruptcy Court has authorized the Insurance Assignment pursuant to the Plan and the Confirmation Order, and the Settlement Trust has received the assignment and transfer of the Insurance Actions, the Insurance Action Recoveries, the Insurance Settlement Agreements (if applicable), the Insurance Coverage, and all other rights or obligations under or with respect to the Insurance Policies (but not the policies themselves) in accordance with the Bankruptcy Code.

  • Section 6.12 of the Plan provides that “[i]n order to satisfy the Additional Bondholder Recovery, the Reorganized Debtors shall receive or retain in escrow $5 million of Asbestos Insurance Action Recoveries ....” It is inaccurate to characterize that transaction as a loan because, as the Debtors correctly point out, the proceeds of the Debtors’ insurance policies are property of the bankruptcy estate and nothing in § 524(g) mandates that all insurance recovery be paid into a plan trust.

  • The convict shall not be released on bail “ as of right” but he will have to satisfy that he is “eligible” to be released on bail:2.

  • Without in any way limiting the foregoing and subject to any Asbestos Insurer Coverage Defenses, the Plan Trust shall be empowered to elect to (or not to), initiate, prosecute, defend, settle, and resolve all Asbestos Insurance Actions and Direct Actions, and to maintain, administer, preserve, or pursue the Asbestos-In-Place Insurance Coverage, the Asbestos Insurance Action Recoveries, Asbestos Insurance Rights, the Asbestos Insurance Policies and rights under the Asbestos Insurance Settlement Agreements.

  • X.H.2.• Chartered Organizations’ rights in the Abuse Insurance Policies, the Settling Insurer Policy Rights, the Insurance Settlement Agreement and claims thereunder and proceeds thereof, the Insurance Actions and Insurance Action Recoveries.

  • Plan, Art.I.A.189.8 This provision assigns all of the Chartered Organizations’ Abuse Insurance Policies, the Settling Insurer Policy Rights, the Insurance Settlement Agreements and claims thereunder and proceeds thereof, theInsurance Actions, and the Insurance Action Recoveries.

  • Transfer and Assignment of the Asbestos Insurance Action Recoveries, Asbestos Insurance Actions, and Asbestos In-Place Insurance Coverage With Respect to LMC.

  • The “Insurance Assignment” is defined in the Plan as “the assignment and transfer to the Settlement Trust of (a) the Insurance Actions, (b) the Insurance Action Recoveries, (c) the Insurance Settlement Agreements, (d) the Abuse Insurance Coverage, and (e) all other rights or obligations under or with respect to the Abuse Insurance Policies (but not the policies themselves).” Fourth Amended Plan (Dkt.

Related to Insurance Action Recoveries

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • Flood Insurance Regulations means (a) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) the National Flood Insurance Reform Act of 1994 (amending 42 USC § 4001, et seq.), as the same may be amended or recodified from time to time, and (d) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.