Common use of ASSIGNMENT OF SHARED POLICIES Clause in Contracts

ASSIGNMENT OF SHARED POLICIES. Subject to the terms and conditions hereof, Quantum hereby assigns, transfers and conveys to IMPCO all of Quantum's right, title and interest in and to any and all of the Shared Policies, including, without limitation, the right of indemnity, the right to be defended by or at the expense of the insurer and the right to any applicable Insurance Proceeds thereunder; and IMPCO and Quantum shall use their commercially reasonable efforts to obtain any required consents of insurers to the assignment contemplated by this paragraph.