Insurer Party definition

Insurer Party means the Insurer and its respective parents, subsidiaries and affiliates and any shareholder, director, officer, employee, agent or any "controlling person" (as such term is used in the Act) of any of the foregoing.
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Insurer Party has the meaning ascribed to it in Section 8.
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Insurer Party means the Certificate Insurer and its respective parents, subsidiaries and affiliates and any shareholder, director, officer, employee, agent or any "controlling person" (as such term is used in the Act) of any of the foregoing. 4 "Losses" means (i) any actual out-of-pocket loss paid by the party entitled to indemnification or contribution hereunder and (ii) any actual out-of-pocket costs and expenses paid by such party, including reasonable fees and expenses of its counsel, to the extent not paid, satisfied or reimbursed from funds provided by any other Person (provided that the foregoing shall not create or imply any obligation to pursue recourse against any such other Person).
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Examples of Insurer Party in a sentence

  • The Underwriters shall be entitled to participate in the defense of any such action or claim in reasonable cooperation with, and with the reasonable cooperation of, the Insurer Party.

  • Except as provided in Section 9, the indemnification provided herein by the Underwriters shall be the exclusive remedy of any Insurer Party for any Underwriter's breach of a representation, warranty or agreement hereunder; provided, however, that each Insurer Party shall be entitled to pursue any other remedy at law or in equity for any such breach so long as the damages sought to be recovered shall not exceed the Losses incurred thereby resulting from such breach.

  • In the event that any action or regulatory proceeding shall be commenced or claim asserted that may entitle an Insurer Party to be indemnified under this Agreement, such party shall give the Underwriters written or telegraphic notice of such action or claim reasonably promptly after receipt of written notice thereof.

  • The Underwriter shall be entitled to participate in the defense of any such action or claim in reasonable cooperation with, and with the reasonable cooperation of, the Insurer Party.

  • No settlement of any such claim or action shall be entered into without the consent of the Seller Party or Underwriter Party, as the case may be, on the one hand and each Insurer Party who is subject to such claim or action on the other hand.

  • The indemnity and contribution agreements contained in this Agreement shall remain operative and in full force and effect, regardless of (a) any investigation made by or on behalf of any Underwriter Party or any Insurer Party (b) the issuance of the Certificates, the Notes or the Policies or (c) any termination of this Agreement.

  • No settlement of any such claim or action shall be entered into without the consent of the Insurer Party who is subject to such claim or action and the Underwriters; provided, however, that the consent of such Insurer Party shall not be required if such settlement fully discharges, with prejudice against the plaintiff, the claim or action against such Insurer Party.

  • No settlement of any such claim or action shall be entered into without the consent of the Insurer Party, who is subject to such claim or action and the Bank; provided, however, that the consent of such Insurer Party shall not be required if such settlement fully discharges, with prejudice against the plaintiff, the claim or action against such Insurer Party.

  • Any failure by an Insurer Party to comply with the provisions of this Section shall relieve the Underwriters of liability only if such failure is materially prejudicial to any legal pleadings, grounds, defenses or remedies in respect thereof or the Underwriters' liability hereunder and then only to the extent of such prejudice.

  • The Bank shall be entitled to participate in the defense of any such action or claim in reasonable cooperation with, and with the reasonable cooperation of, the Insurer Party.

Related to Insurer Party

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Certificate Insurer Default The existence and continuance of any of the following:

  • Insurance Advisor means Aon Risk Services and any replacement thereof appointed by the Required Secured Parties and, if no Event of Default shall then be occurring, after consultation with the Borrower.

  • Note Insurer means Ambac Assurance Corporation, a Wisconsin-domiciled stock insurance corporation, or any successor thereto, as issuer of the Policy.

  • Insurer Default means the occurrence and continuance of any of the following events: