Common use of Post-Distribution Date Claims Clause in Contracts

Post-Distribution Date Claims. If, subsequent to the Distribution Date, any person shall assert a claim against New Ceridian or any of its Subsidiaries (including, without limitation, where New Ceridian or its Subsidiaries are joint defendants with other persons) with respect to any claim, suit, action, proceeding, injury, loss, liability, damage or expense incurred or claimed to have been incurred prior to the Effective Time in or in connection with the conduct of the New Ceridian Business or, to the extent any claim is made against New Ceridian or any of its Subsidiaries (including, without limitation, where New Ceridian or its Subsidiaries are joint defendants with other persons), in connection with the conduct of the Media Information Business, and which claim, suit, action, proceeding, injury, loss, liability, damage or expense may arise out of an insured or insurable occurrence under one or more of the Shared Policies, the Corporation shall, at the time such claim is asserted, to the extent any such Policy may require that Insurance Proceeds thereunder be collected directly by the named insured or anyone other than the party against whom the Insured Claim is asserted, be deemed to designate, without need of further documentation, New Ceridian as the agent and attorney-in-fact to assert and to collect any related Insurance Proceeds under such Shared Policy.

Post-Distribution Date Claims. If, subsequent to the Distribution Date, any person shall assert a claim against New Ceridian D&B or any of its Subsidiaries (including, without limitation, where New Ceridian D&B or its Subsidiaries are joint defendants with other persons) with respect to any claim, suit, action, proceeding, injury, loss, liability, damage or expense incurred or claimed to have been incurred on or prior to the Effective Time Distribution Date in or in connection with the conduct of the New Ceridian D&B Business or, to the extent any claim is made against New Ceridian D&B or any of its Subsidiaries (including, without limitation, where New Ceridian D&B or its Subsidiaries are joint defendants with other persons), in connection with the conduct of the Media Information Moody's Business, and which claim, suit, action, proceeding, injury, loss, liability, damage or expense may arise out of an insured or insurable occurrence under one or more of the Shared Policies, the Corporation shall, at the time such claim is asserted, to the extent any such Policy may require that Insurance Proceeds thereunder be collected directly by the named insured or anyone other than the party against whom the Insured Claim is asserted, be deemed to designate, without need of further documentation, New Ceridian D&B as the agent and attorney-in-fact to assert and to collect any related Insurance Proceeds under such Shared Policy.

Post-Distribution Date Claims. If, subsequent to the Distribution Date, any person shall assert a claim against New Ceridian IMS HEALTH or any of its Subsidiaries (including, without limitation, where New Ceridian IMS HEALTH or its Subsidiaries are joint defendants with other persons) with respect to any claim, suit, action, proceeding, injury, loss, liability, damage or expense incurred or claimed to have been incurred prior to the Effective Time Distribution Date in or in connection with the conduct of the New Ceridian IMS HEALTH Business or, to the extent any claim is made against New Ceridian IMS HEALTH or any of its Subsidiaries (including, without limitation, where New Ceridian IMS HEALTH or its Subsidiaries are joint defendants with other persons), in connection with the conduct of the Media Information NMR Business, and which claim, suit, action, proceeding, injury, loss, liability, damage or expense may arise out of an insured or insurable occurrence under one or more of the Shared Policies, the Corporation shall, at the time such claim is asserted, to the extent any such Policy may require that Insurance Proceeds thereunder be collected directly by the named insured or anyone other than the party against whom the Insured Claim is asserted, be deemed to designate, without need of further documentation, New Ceridian IMS HEALTH as the agent and attorney-in-fact to assert and to collect any related Insurance Proceeds under such Shared Policy.

Post-Distribution Date Claims. If, subsequent to the Distribution Date, any person shall assert a claim against New Ceridian D&B or any of its Subsidiaries (including, without limitation, where New Ceridian D&B or its Subsidiaries are joint defendants with other persons) with respect to any claim, suit, action, proceeding, injury, loss, liability, damage or expense incurred or claimed to have been incurred prior to the Effective Time Distribution Date in or in connection with the conduct of the New Ceridian D&B Business or, to the extent any claim is made against New Ceridian D&B or any of its Subsidiaries (including, without limitation, where New Ceridian D&B or its Subsidiaries are joint defendants with other persons), in connection with the conduct of the Media Information RHD Business, and which claim, suit, action, proceeding, injury, loss, liability, damage or expense may arise out of an insured or insurable occurrence under one or more of the Shared Policies, the Corporation shall, at the time such claim is asserted, to the extent any such Policy may require that Insurance Proceeds thereunder be collected directly by the named insured or anyone other than the party against whom the Insured Claim is asserted, be deemed to designate, without need of further documentation, New Ceridian D&B as the agent and attorney-in-fact to assert and to collect any related Insurance Proceeds under such Shared Policy.

Post-Distribution Date Claims. If, subsequent to the Distribution Date, any person shall assert a claim against New Ceridian IMS HEALTH or any of its Subsidiaries (including, without limitation, where New Ceridian IMS HEALTH or its Subsidiaries are joint defendants with other persons) with respect to any claim, suit, action, proceeding, injury, loss, liability, damage or expense incurred or claimed to have been incurred on or prior to the Effective Time Distribution Date in or in connection with the conduct of the New Ceridian IMS HEALTH Business or, to the extent any claim is made against New Ceridian IMS HEALTH or any of its Subsidiaries (including, without limitation, where New Ceridian IMS HEALTH or its Subsidiaries are joint defendants with other persons), in connection with the conduct of the Media Information NMR Business, and which claim, suit, action, proceeding, injury, loss, liability, damage or expense may arise out of an insured or insurable occurrence under one or more of the Shared Policies, the Corporation shall, at the time such claim is asserted, to the extent any such Policy may require that Insurance Proceeds thereunder be collected directly by the named insured or anyone other than the party against whom the Insured Claim is asserted, be deemed to designate, without need of further documentation, New Ceridian IMS HEALTH as the agent and attorney-in-fact to assert and to collect any related Insurance Proceeds under such Shared Policy.

Post-Distribution Date Claims. If, subsequent to the Distribution Date, any person shall assert a claim against New Ceridian D&B or any of its Subsidiaries (including, without limitation, where New Ceridian D&B or its Subsidiaries are joint defendants with other persons) with respect to any claim, suit, action, proceeding, injury, loss, liability, damage or expense incurred or claimed to have been incurred on or prior to the Effective Time Distribution Date in or in connection with the conduct of the New Ceridian D&B Business or, to the extent any claim is made against New Ceridian D&B or any of its Subsidiaries (including, without limitation, where New Ceridian D&B or its Subsidiaries are joint defendants with other persons), in connection with the conduct of the Media Information RHD Business, and which claim, suit, action, proceeding, injury, loss, liability, damage or expense may arise out of an insured or insurable occurrence under one or more of the Shared Policies, the Corporation shall, at the time such claim is asserted, to the extent any such Policy may require that Insurance Proceeds thereunder be collected directly by the named insured or anyone other than the party against whom the Insured Claim is asserted, be deemed to designate, without need of further documentation, New Ceridian D&B as the agent and attorney-in-fact to assert and to collect any related Insurance Proceeds under such Shared Policy.

Post-Distribution Date Claims. (a) If, subsequent to the Distribution Date, any person shall assert a claim against New Ceridian MFCI or any of its Subsidiaries (including, without limitation, where New Ceridian MFCI or its Subsidiaries are joint defendants with other persons) with respect to any claim, suit, action, proceeding, injury, loss, liability, damage or expense incurred or claimed to have been incurred prior to the Effective Time Distribution Date in or in connection with the conduct of the New Ceridian Business or, to the extent any claim is made against New Ceridian or any of its Subsidiaries (including, without limitation, where New Ceridian or its Subsidiaries are joint defendants with other persons), in connection with the conduct of the Media Information MFCI Business, and which claim, suit, action, proceeding, injury, loss, liability, damage or expense may arise out of an insured or insurable occurrence under one or more of the Shared Company Policies, the Corporation RTI shall, at the time such claim is asserted, to the extent any such Company Policy may require that Insurance Proceeds thereunder be collected directly by the named insured or anyone other than the party against whom the Insured Claim is asserted, be deemed to designate, without need of further documentation, New Ceridian MFCI as the agent and attorney-in-fact to assert and to collect any related Insurance Proceeds under such Shared Company Policy, and shall further be deemed to assign, without need of further documentation, to MFCI any and all rights of an insured party under such Company Policy with respect to such asserted claim, specifically including rights of indemnity and the right to be defended by or at the expense of the insurer and the right to any applicable Insurance Proceeds thereunder; provided, however, -------- ------- that nothing in this Section 5.2(a) shall be deemed to constitute (or to reflect) an assignment of the Company Policies, or any of them, to MFCI.