Common use of No Reallocation for Insurance Clause in Contracts

No Reallocation for Insurance. When part of the apportioned Damage will be satisfied from insurance coverage under this Section 11(c), and part paid directly by the Operator, the insured portion of the Damage shall be apportioned among or between CRC and the Operators (and consequently between or among their insurers) in the same manner and amounts as it would have been apportioned if the loss were not net of insurance. If any such allocation results in one party hereto suffering a greater uninsured loss than the other(s) because of differing deductibles or self-retentions, that difference in coverage shall not be a basis for any reapportionment or reallocation of Damage.

Appears in 9 contracts

Samples: Operating Agreement (CSX Corp), Operating Agreement (CSX Corp), Operating Agreement (Norfolk Southern Corp)

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