Examples of Named Entity Insureds in a sentence
The Named Entity Insureds 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 not act or fail to act in any way that impairs the Insurer's rights of subrogation or recovery.
The Named Entity Insureds agree that this Policy, consisting of the Application, the Coverage Parts, and all endorsements listed in the Declarations, constitute the entire contract existing between them and the Insurer or any of its agents relating to this insurance.
There shall be no coverage under the Liability Coverage Part for any Wrongful Act by such created, acquired or merged entity, or by any persons or entities considered to be Named Entity Insureds pursuant to Section XII.1 above, where such Wrongful Act occurred in whole or in part before the effective date of such acquisition or merger or for any Wrongful Act occurring on or after such date which, together with any Wrongful Acts occurring before such date, would be considered Interrelated Wrongful Acts.
In no event shall the Named Entity Insureds be entitled to recoup from recoveries any amount to satisfy any retention until after all amounts which the Insurer is required to pay or pays under any applicable Coverage Part are reimbursed to the Insurer.
The Named Entity Insureds will, upon request of the Insurer, submit to an examination under oath.
The rules of the American Arbitration Association shall apply with respect to the selection of the arbitration panel, which shall consist of one arbitrator selected by the Named Entity Insureds, one arbitrator selected by the Insurer, and a third independent arbitrator selected by the first two arbitrators.
If the Named Entity Insureds, other than any Property Manager unreasonably refuse to consent to a settlement or compromise recommended by the Insurer, and acceptable to the claimant, then the applicable limit of liability under this Policy shall be reduced to the amount for which the Liability Claim could have been settled plus all Defense Costs incurred up to the time the Insurer made its recommendation.
The Named Entity Insureds will also notify the police if they have reason to believe that any loss involves a violation of law.
To the extent it pays any Loss, the Insurer shall be subrogated to all the Named Entity Insureds' rights of recovery therefor.
The Named Entity Insureds shall furnish the Insurer with copies of reports, investigations, pleadings, and all related papers, and such other information, assistance and cooperation as the Insurer may reasonably request.