Gross Recoverables definition
Gross Recoverables means any amounts actually collected by the Reinsured or the Reinsurer (acting on behalf of the Reinsured) pursuant to the Third Party Reinsurance Agreements.
Gross Recoverables means any amounts actually collected by the Reinsured or the Reinsurer (acting on behalf of the Reinsured) pursuant to the Third Party Reinsurance Agreements. “LPT Reinsurance Agreement” has the meaning set forth in the Recitals. “Master Transaction Agreement” has the meaning set forth in the Recitals. “Non-A&P Claims” has the meaning set forth in the Definitions section of the LPT Reinsurance Agreement. “Non-A&P Recoverables” means all Recoverables that arise out of or relate to Non-A&P Claims and which are attributable to reinsurance ▇▇▇▇▇▇▇▇ issued on or after the Inception Date, but prior to the expiration or termination of the LPT Reinsurance Agreement. “Party” or “Parties” has the meaning set forth in the Recitals. “Pre-Inception Date Receivables” has the meaning set forth in the Definitions section of the LPT Reinsurance Agreement. “Recoverables” means Gross Recoverables, less Collection Expenses. “Reinsured” shall have the meaning specified in the Preamble. The term “Reinsured” as used herein shall include any predecessor or successor of such companies, including by reason of merger, consolidation or otherwise. “Reinsurer” shall have the meaning specified in the Preamble. The term “Reinsurer” as used herein shall include any predecessor or successor of such companies, including by reason of merger, consolidation or otherwise.
Examples of Gross Recoverables in a sentence
Notwithstanding anything in this TPR Allocation Agreement or the Transaction Documents to the contrary, all Gross Recoverables attributable to Asbestos Claims and Pollution Claims paid following the termination of this TPR Allocation Agreement and the LPT Reinsurance Agreement shall be for the account of, and be administered by, the Reinsured.