Subrogation Claims Sample Clauses
A Subrogation Claims clause establishes the right of one party, typically an insurer, to pursue recovery from a third party responsible for a loss after compensating the insured party. In practice, this means that if an insurance company pays out a claim to its policyholder, it can then seek reimbursement from the party at fault for the damages. This clause ensures that the party ultimately responsible for the loss bears the financial burden, preventing the insured from receiving double recovery and helping insurers manage risk and recover costs.
Subrogation Claims. Claims originating from Military VA centers;
Subrogation Claims. To the fullest extent permitted by applicable law, each Borrower expressly waives and agrees not to assert, any and all defenses in its favor based upon an election of remedies by Lender which destroys, diminishes, or affects such Borrower's subrogation rights against the other Borrowers, and/or (except as explicitly provided for herein) any rights to proceed against each other Borrower, or any other party liable to Lender, for reimbursement, contribution, indemnity, or otherwise.
Subrogation Claims. Section 2.1 Raytheon Parties' Rights in Respect of Support Agreements. The Confirmation Order provides, and the WGI Parties and the Committee agree, that the discharge, release, and injunction provisions contained in this Agreement do not affect the claims and rights of the Raytheon Parties against or relating to third parties (but not the Debtors as to pre-petition matters) as to any suretyship, subrogation, or other rights in respect of any Support Agreement. Notwithstanding the foregoing, the Raytheon Parties shall not receive or retain any distribution under the Plan on account of subrogation to, or based upon an assignment of, a Class 7 Claim, and the Raytheon Parties hereby waive and release any distributions under the Plan on account of the claims and rights of the Raytheon Parties, whether known or unknown, based upon suretyship, subrogation, reimbursement, contribution, or indemnity, except, in both cases, as provided in Sections 1.3 above or 2.2 below.
Subrogation Claims. If authorized by Plan Sponsor on the Benefit Plan Implementation Guide, or if required by law, Serve You Rx will process Subrogation Claims in accordance with applicable federal and state laws, in which case Plan Sponsor will pay such Subrogation Claims in accordance with the payment terms of this Agreement. If Plan Sponsor does not authorize Serve You Rx to process Subrogation Claims, Serve You Rx will, if permitted by law, reject the claim and refer claimants to Plan Sponsor regarding such claims in accordance with applicable federal and state laws. Serve You Rx is not legally responsible to pay Subrogation Claims to the extent Plan Sponsor is not timely paying Serve You Rx with respect to such Subrogation Claims. Plan Sponsor may not retroactively demand the return of any such payments made to Serve You Rx.
Subrogation Claims. Notwithstanding any other provisions of this Agreement: (i) Provider will cooperate with and assist BCBSF and Members in pursuing recoveries of funds from a third party (“Subrogation Claims”); (ii) Provider agrees that any such recovery of funds shall be the property of BCBSF or the Member, as BCBSF may determine in accordance with the terms and provisions of such Benefits Agreement or BCBSF policies, and (iii) Provider will neither make nor have any claims with respect to any such recoveries, provided that BCBSF fulfills its obligation to pay Provider for Covered Services in accordance with the terms and provisions of this Agreement.