Examples of MII Entity in a sentence
Notwithstanding anything in any Existing Policy or Existing Insurance Agreement to the contrary, the Parties, each B&W Entity that is a party hereto and each MII Entity that is a party hereto hereby agree that, upon receipt of the Substituted Collateral as set forth in Section 5(a)(i) and 5(b)(i), the Existing Collateral shall be replaced with such Substituted Collateral and, accordingly, shall be released by the Company and the ACE Affiliates.
Xxxx Xxxxxxxxx Freeway, Suite 1300 Irving, TX 75062 Attention: Underwriting Manager ACE Risk Management Telephone: (000) 000.0000 Facsimile: (000) 000.0000 If to any MII Entity: XxXxxxxxx International, Inc.
Cedar Xxxxx 00 Xxxxx Xxxxxx X.X. Xxx XX 0000 Xxxxxxxx XX XX Bermuda Bermuda Fax (000) 000-0000 Telephone: 000-000-0000 Telecopier: 000-000-0000 Electronic Mail: xxxxxx@xxxxxxxxx.xxx If to any MII Entity: XxXxxxxxx International, Inc.
From and after the Assumption Time, the Company (and/or the applicable ACE Affiliate): (i) may enforce its rights under the Existing Policies and the Existing Insurance Agreements in respect of the B&W Obligations against B&W to the same extent such Person could, prior to the B&W Assumption, enforce such rights against the applicable MII Entity and (ii) releases each MII Entity from its obligation to observe, pay, perform, satisfy, fulfill or discharge any such B&W Obligations.
Notwithstanding anything in any Transferable Creole Policy to the contrary, and effective as of the Assumption Time, Creole hereby transfers and assigns, and Boudin hereby assumes by novation, (x) so much of each Transferable Creole Policy as relates to MII or any MII Entity as an Insured thereunder; and (y) any and all obligations of Creole under any of the Existing Policies that arise from Insured MII Obligations.
Except to the extent (which the Parties do not expect) that the Wholly Retained Creole Policies are determined to cover Insured MII Obligations notwithstanding the absence of any MII Entity as an Insured thereunder, the Wholly Retained Creole Policies are not novated or otherwise affected by the Boudin Assumption and Novation.
Notwithstanding the foregoing, no MII Entity or MVWC Entity will be deemed to have made any representation or warranty as to the availability of any Insurance Policy or the rights and benefits provided thereunder.
If, within 30 days after delivery of a Dispute Notice, a negotiated resolution of the Agreement Dispute under Section 10.1 has not been reached, MII and MVWC agree to seek to resolve the Agreement Dispute by mediation administered by the American Arbitration Association (“AAA”) under its Commercial Mediation Procedures, and to bear equally the costs of the mediation; provided, however, that each MII Entity and MVWC Entity will bear its own costs in connection with such mediation.
No MII Entity listed on Schedule 1.1(b) shall be deemed to be an “Insured”, a “Named Insured” or otherwise be deemed to be insured under any Existing Policy or Existing Reinsurance Agreement solely by virtue of being listed on such Schedule 1.1(b).
Cedar Xxxxx 00 Xxxxx Xxxxxx X.X. Xxx XX 0000 Xxxxxxxx XX XX Bermuda Bermuda Fax (000) 000-0000 Telephone: 000-000-0000 Telecopier: 000-000-0000 Electronic Mail: xxxxxx@xxxxxxxxx.xxx If to any MII Entity: McDermott International, Inc.