Common use of Loss Settlements Clause in Contracts

Loss Settlements. All loss settlements made by Company or Manager, on its behalf, whether under the policy terms and conditions or by way of compromise shall be unconditionally binding upon Reinsurer. Loss settlements shall be payable in accordance with Article IX.

Loss Settlements. All loss settlements made by the Company or Manager, on its behalf, whether under that are within the policy terms and conditions of the Policy or by way of compromise compromise, except as otherwise provided in this Contract, shall be unconditionally binding upon the Reinsurer. Loss settlements shall be payable The Reinsurer agrees to pay or allow, as the case may be, its share of each such settlement in accordance with Article IXthis Contract.

Loss Settlements. All loss settlements made by the Company or Manager, on its behalf, whether under the policy terms and conditions or by way of compromise shall be unconditionally binding upon the Reinsurer. Loss settlements shall be payable , and the Reinsurer agrees to pay or allow, as the case may be, its share of each such settlement in accordance with Article IXthis Contract.