Common use of Notice to Insurer Clause in Contracts

Notice to Insurer. If at the time of the receipt of a notice of the commencement or the threatened commencement of a Proceeding given pursuant to subsection 3(b) hereof, an Indemnifying Party has trustees’, directors’, officers’, employees’ or other applicable liability insurance in effect, such Indemnifying Party shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the applicable insurance policies and shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnified Party, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.