Insurance Rights definition

Insurance Rights means, subject to any deductible or similar limitation, the right of the Buyer to cause the Seller and its applicable Affiliates to file and pursue claims under any Insurance Policy, and deliver any proceeds related thereto to the Buyer, to the extent such claim relates to any Subject Entity, the Business or constitutes any portion of any Business Asset.

Insurance Rights means any and all rights under or arising out of the CBS Insurance Policies and any and all claims and choses in action under or arising out of the CBS Insurance Policies and for benefits and proceeds thereof, including, without limitation, those rights, claims or causes in action held directly as an insured, additional insured, additional named insured, subsidiary, affiliate, division or department, successor-in-interest or assignee to the fullest extent permitted under the terms of the CBS Insurance Policies in accordance with applicable Law.

Insurance Rights means any and all rights under or arising out of the Policies and any and all claims and choses in action under or arising out of the Policies and for benefits and proceeds thereof, including, without limitation, those rights, claims or choses in action held directly as an insured, additional insured, additional named insured, subsidiary, affiliate, division or department, successor-in-interest or assignee to the fullest extent permitted under the terms of the Policies in accordance with applicable Law.

Examples of Insurance Rights in a sentence

• In the event of such agreement with the Xxxxxxxx class, such agreement will include provisions similar to Sections 5(c) and 5(d), addressing cooperation with the Parties and treatment of insufficient insurance funds to pay for valid claims, and the Parties agree that the provisions and their obligations in Sections 5(c) and 5(d) of this Agreement shall also extend to the assignee of such Insurance Rights.

• The Xxxxxxx Settlement Class and the Liquidating Trust take on all risk of recovery or lack thereof (including non-collectability), on the Insurance Rights.

• To the extent the Xxxxxxx Settlement Class recovers under Insurance Rights on account of all or some of their claims, the Xxxxxxx Settlement Class shall return a proportionate amount (such proportionate amount determined by dividing the recovery amount under the Insurance Rights by the Allowed Claim) of any prior distributions from the Borrower Claims Trust Assets made on account of any recoveries of the Xxxxxxx Settlement Class from the Borrower Claims Trust (the “Giveback”).

• No Xxxxxxx Net Recovery Distribution shall be made from proceeds recovered from the Insurance Rights unless and until a Giveback, if any, owed to the Borrower Claims Trust has actually been made.

• The Debtors reserve the right to enter into an agreement with the class members in the Xxxxxxxx Class Action in connection with the unpaid prior Xxxxxxxx settlement agreement that may include an assignment of Insurance Rights under the Policies with respect to the Xxxxxxxx settlement amount.

More Definitions of Insurance Rights

Insurance Rights means any and all rights, titles, privileges, interests, claims, demands, or entitlements of Covered Parties that are the subject of the Insurance Rights Transfer of any Insurance Proceeds, payments, benefits, Causes of Action, choses in action, defenses or indemnities arising under or attributable to any and all Insurance Policies, now existing or hereafter arising, accrued or unaccrued, liquidated or unliquidated, matured or unmatured, disputed or undisputed, fixed or contingent, with respect to Abuse Claims. Insurance Rights shall include Insurance Actions.

Insurance Rights means the Original Insurance Rights and the Additional Insurance Rights.

Insurance Rights means, subject to any deductible or similar limitation, (i) with respect to each Seller, the right to cause the Buyer to cause any Acquired Company to file and pursue claims under any Company Insurance Policy issued to such Acquired Company, and deliver any proceeds related thereto to such Seller, to the extent such claim relates to any Retained Asset or Retained Obligation attributable to such Seller, and (ii) with respect to the Buyer, the right to cause any Seller to file and pursue claims under any Company Insurance Policy issued to such Seller, and deliver any proceeds related thereto to the Buyer, to the extent such claim relates to any Subject Asset or Assumed Obligation.

Insurance Rights means all rights of Seller in insurance policies to the extent such policies provide for indemnity against any diminution in value of any Purchased Asset based on an occurrence prior to the Cutoff Time.

Insurance Rights means your present and future right, title and interest in connection with each insurance policy taken out by you under clause 5.1.

Insurance Rights shall have the meaning ascribed in Section 6.32.

Insurance Rights means any and all of the Debtors’ rights, titles, privileges, interests, claims, demands, or entitlements to any proceeds, payments, causes of action, and choses in action under, for, or related to the Policies with respect to a particular item of loss under the Policies, including the rights (1) to recover insurance proceeds for an item of loss covered under the Policies and (2) to recover from the insurers that issued the Policies for breach of contract or breach of other duty or obligation owed by such insurer under the Policies, as applicable, including the duty to settle, together with any extra contractual or tort claim arising therefrom, including bad faith, breach of implied covenant of good faith and fair dealing, fraud, or violation of any statutory or common law duty owed by the insurer under the Policies, as applicable, and all with respect to a particular item of loss under the Policies.