Insurance Rights definition

Insurance Rights means, subject to any deductible or similar limitation, the right of the Buyer to cause the Seller and its applicable Affiliates to file and pursue claims under any Insurance Policy, and deliver any proceeds related thereto to the Buyer, to the extent such claim relates to any Subject Entity, the Business or constitutes any portion of any Business Asset.

Insurance Rights means any and all rights under or arising out of the CBS Insurance Policies and any and all claims and choses in action under or arising out of the CBS Insurance Policies and for benefits and proceeds thereof, including, without limitation, those rights, claims or causes in action held directly as an insured, additional insured, additional named insured, subsidiary, affiliate, division or department, successor-in-interest or assignee to the fullest extent permitted under the terms of the CBS Insurance Policies in accordance with applicable Law.

Insurance Rights means any and all rights under or arising out of the Policies and any and all claims and choses in action under or arising out of the Policies and for benefits and proceeds thereof, including, without limitation, those rights, claims or choses in action held directly as an insured, additional insured, additional named insured, subsidiary, affiliate, division or department, successor-in-interest or assignee to the fullest extent permitted under the terms of the Policies in accordance with applicable Law.

Examples of Insurance Rights in a sentence

• On the Effective Date and from time to time thereafter, the General Settlement Trustee shall transfer Trust Assets from the General Settlement Trust to the Arrowood Settlement Trust in an amount equal to the value of the Debtor and the Co-Insured Parties’ Insurance Rights for alleged Abuse occurring on or after October 1, 1976 by holders of Arrowood Claims.

• The Arrowood Settlement Trust shall receive all Insurance Rights relating to Abuse that is alleged to have occurred before October 1, 1976.

• The Arrowood Settlement Trust shall receive the Trust Assets (other than the Insurance Rights, including the Ecclesia Contribution, and amounts allocated to the Future Claim Subfund) in a proportion equal to the Arrowood Settlement Trust Share to the Arrowood Settlement Trust.

• For the avoidance of doubt, the Insurance Rights Transfer that is the subject of this Article IV.G shall not, and shall not be deemed to, transfer, grant, or assign to the Arrowood Settlement Trust or the General Settlement Trust any insurance rights of the Covered Parties that pertain to any Insured Non-Abuse Claims.

• For the avoidance of doubt, the Trust Assets received by the Trusts shall be, in the aggregate, $200 million (including the Ecclesia Contribution) plus the Insurance Rights, less the sum of (i) the aggregate amount of all Allowed Administrative Expenses, Allowed Priority Tax Claims, Allowed Priority Claims, Allowed Convenience Class Claims, and Allowed Secured Claims, (ii) the GUC Plan Distribution, (iii) the Cure Amounts and (iv) the aggregate amount of the Minimum Consideration Payments.

More Definitions of Insurance Rights

Insurance Rights means any and all rights, titles, privileges, interests, claims, demands, or entitlements of Covered Parties that are the subject of the Insurance Rights Transfer of any Insurance Proceeds, payments, benefits, Causes of Action, choses in action, defenses or indemnities arising under or attributable to any and all Insurance Policies, now existing or hereafter arising, accrued or unaccrued, liquidated or unliquidated, matured or unmatured, disputed or undisputed, fixed or contingent, with respect to Abuse Claims. Insurance Rights shall include Insurance Actions.

Insurance Rights means the Original Insurance Rights and the Additional Insurance Rights.

Insurance Rights means the rights, powers and privileges of a Debtor under an Insurance Policy.

Insurance Rights means any rights, property or assets arising out of, or relating to, any Corporation insurance or insurance contract.

Insurance Rights means any and all rights, titles, privileges, interests, claims, demands or entitlements of the Debtor to any proceeds, payments, initial or supplemental dividends, scheme payments, supplemental scheme payments, causes of action, and choses in action arising under or attributable to any Insurance Policies for TCE Claims, whether now existing or hereafter arising, accrued or unaccrued, liquidated or unliquidated, matured or unmatured, disputed or undisputed, fixed or contingent, including: (a) any and all rights of the Debtor to pursue or receive payments under any Insurance Policy for TCE Claims, whether for liability, defense or otherwise; (b) any and all rights of the Debtor to pursue or receive payments under any Insurance Policy for TCE Claims from any domestic or foreign insolvent Insurance Company, whether in receivership, liquidation, rehabilitation, run-off, scheme of arrangement, or any other form of proceeding; and (c) any and all rights of the Debtor to pursue or receive payments under any Insurance Policy for TCE Claims from any state insurance guaranty association in connection with any state insurance guaranty association statute.

Insurance Rights means, subject to any deductible or similar limitation, (i) with respect to each Seller, the right to cause the Buyer to cause any Acquired Company to file and pursue claims under any Company Insurance Policy issued to such Acquired Company, and deliver any proceeds related thereto to such Seller, to the extent such claim relates to any Retained Asset or Retained Obligation attributable to such Seller, and (ii) with respect to the Buyer, the right to cause any Seller to file and pursue claims under any Company Insurance Policy issued to such Seller, and deliver any proceeds related thereto to the Buyer, to the extent such claim relates to any Subject Asset or Assumed Obligation.

Insurance Rights means all rights of Seller in insurance policies to the extent such policies provide for indemnity against any diminution in value of any Purchased Asset based on an occurrence prior to the Cutoff Time.