Rights of recovery definition

Rights of recovery means that we can claim the money that we paid out on your claim back from the responsible person (if someone else that is not insured under this policy was responsible for the loss). You must not do anything that prevents us from doing that, or that disadvantages us when doing that.
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Rights of recovery means that we can claim the money that we paid out on your claim back from the responsible person (if someone else that is not
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Rights of recovery means all Syndicate Rights of Recovery all Relevant Causes of Action and all PSL Rights of Recovery
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Examples of Rights of recovery in a sentence

  • Rights of recovery We have the right to take action or institute legal proceedings, in your name, for the recovery of payments made and expenses incurred in relation to any claim insured by this policy, against any person, company or entity legally liable to you in respect of that claim.

  • Rights of recovery Upon the payment of any claim, all Your rights and remedies against such other parties will be subrogated to Us and We shall receive the benefit of any amount(s) recoverable from such other parties.

  • Rights of recovery If any law requires Us to pay a claim which would not otherwise be covered by Your Policy, We reserve the right to recover the amount from You or the person on whose behalf We made the payment.

  • Rights of recovery If the law of any country in which this policy operates obliges us to pay a claim which we would not otherwise have paid, we may recover this amount from you or the person who incurred the liability.

  • Rights of recovery If You have suffered loss or damage as a result of an event or occurrence covered, or partially covered by this Policy, then We have the right and You permit Us to take action or institute legal proceedings against any person, company or entity legally liable to You for the recovery of Your insured, underinsured or uninsured losses, payments made and expenses in relation to the event or occurrence (Your Loss).

  • Cooperation You must co-operate and provide us with all reasonable assistance in connection with any investigation, negotiation, recovery, defence, legal proceeding or settlement of any claim including:▼ doing all things necessary to allow us to take over legal proceedings in the circumstances discussed in General Claims Condition 15 – Rights of recovery; and▼ attending an interview or giving evidence in court as we may reasonably require.

  • Rights of recovery against the supplier, manufacturer, service provider or distributer in such circumstances will automatically be assigned to us.

  • Rights of recovery Upon the payment of any claim, all Your rights and remedies against such other parties will be subrogated to Us and We shall receive the beneft of any amount(s) recoverable from such other parties.

  • Rights of recovery: We may recover any amount We pay in terms of this contract from any Employee who commits a dishonest, fraudulent, criminal or malicious act causing Your liability and any Third Party causing Your liability unless 41.2 applies.

  • Cooperation You must co-operate and provide us with all reasonable assistance in connection with any investigation, negotiation, recovery, defence, legal proceeding or settlement of any claim including:▼ doing all things necessary to allow us to take over legal proceedings in the circumstances discussed in General Claims Condition 15 – "Rights of recovery", on pages 21 to 22; and▼ attending an interview or giving evidence in court as we may reasonably require.


More Definitions of Rights of recovery

Rights of recovery means that we can claim the money that we paid out on your claim back from the responsible person (if someone else that is not insured under this policy was responsible for the loss).
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Rights of recovery means the statutory authority for the recovery of costs of insured health or medical services, as defined in the empowering legislation of each jurisdiction, as set out in the attached Exhibit “G”.
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Related to Rights of recovery

  • Net Recovery Any proceeds received by a Servicer on a delinquent or Charged Off Loan (including any Liquidation Proceeds received on a Charged Off Loan), net of any Servicing Fee, Ancillary Income and any other related expenses.

  • Miscellaneous Interests means the entire interest of the Vendor in and to all property, assets and rights, other than the Petroleum and Natural Gas Rights and the Tangibles, to the extent such property, assets and rights pertain to the Petroleum and Natural Gas Rights or the Tangibles, or any rights relating thereto, including, without limitation of the generality of the foregoing, the entire interest of the Vendor in:

  • Cost recovery means collection, upon approval by the commission pursuant to its authority under section4909.15 of the Revised Code, of such documented EDU interconnection costs that are incurred at reasonable levels for prudent purposes and that are over and above the review processing fees set forth in rules 4901:1-22-06 to 4901:1-22-08 of the Administrative Code.

  • Repudiation/Moratorium Evaluation Date means, if a Potential Repudiation/Moratorium occurs on or prior to the Credit Observation End Date (i) if the Obligations to which such Potential Repudiation/Moratorium relates include Bonds, the date that is the later of (A) the date that is sixty days after the date of such Potential Repudiation/Moratorium and (B) the first payment date under any such Bond after the date of such Potential Repudiation/Moratorium (or, if later, the expiration date of any applicable Grace Period in respect of such payment date) and (ii) if the Obligations to which such Potential Repudiation/Moratorium relates do not include Bonds, the date that is sixty days after the date of such Potential Repudiation/Moratorium; provided that, in either case, the Repudiation/Moratorium Evaluation Date shall occur no later than the Credit Observation End Date unless the Repudiation/Moratorium Extension Condition is satisfied.