Subrogated definition

Subrogated means the fact of being substituted pursuant to a Subrogation.
Sample 1
Subrogated means the assumption by DHS of another's legal right to collect child support.
Sample 1
Subrogated means the assumption by DHS of another’s legal right to collect child support.
Sample 1

Examples of Subrogated in a sentence

  • In the event that the Plan does not receive payment of the Subrogated Amount, the Plan may, in its sole discretion, bring legal action against the Covered Person or reduce or set-off the unpaid Subrogated Amount against any future benefit payments to the Covered Person.

  • Payment of the Subrogated Amount to the Plan shall be without reduction, set-off or abatement for attorney’s fees or costs incurred by the Covered Person in the collection of damages.

  • At the discretion of the Plan Administrator, the Plan may reduce any future Eligible Expenses otherwise available to the Covered Person under the Plan by an amount up to the total amount of Subrogated Amount that is subject to the equitable lien.

  • If the Subrogated Payments in question are referred to, referenced, or included in any way by the Participant in any settlement negotiations or in any demand package tendered by the Participant to the person or entity from which a recovery is sought, it shall be deemed conclusive evidence that said Subrogated Payments are causally related to the Injury.

  • Subrogated claims that arise under a statute are not barred by the Antiassignment Act.

  • In that event, the Plan will be secondary, not primary, and the Plan will be Subrogated to all rights the Covered Person may have against that other person or Another Party and will be entitled to Reimbursement.

  • If the Participant attempts to assert that certain Subrogated Payments are not causally related to the Injury, it shall be the Participant’s burden to prove the relatedness of the Subrogated Payments in question.

  • At the sole discretion of the Plan and/or its Board, the Plan may reduce any and all eligible medical expenses, or deny any and all claims, otherwise available to the Participant under the Plan by an amount up to the total Subrogated Payments which are subject to the Plan’s right of Subrogation.

  • Payment of Subrogated Payments shall be made without reduction, set-off, or abatement for attorney fees or costs incurred by the Participant in the collection of a Recovery.

  • This may include, but is not limited to, situations in which: (i) the Plan or its Board commence litigation; (ii) the Plan or its Board intervene in existing litigation; (iii) the Participant or his/her attorney has not paid the Plan the full amount of Subrogated Payments within fifteen (15) days of recovery, as required by NRS 287.0465(3); and/or (iv) the Participant or his/her attorney is not fully cooperative with respect to the Plan’s right of Subrogation.

Related to Subrogated

  • Reinstatement means the process as outlined in 645—11.31(272C) by which a licensee who has had a license suspended or revoked or who has voluntarily surrendered a license may apply to have the license reinstated, with or without conditions. Once the license is reinstated, the licensee may apply for active status.

  • Subrogation means the right of the insurer to assume the rights of the insured person to recover expenses paid out under the policy that may be recovered from any other source.

  • Equally and Ratably means, in reference to sharing of Liens or proceeds thereof as between holders of Secured Obligations within the same Class, that such Liens or proceeds:

  • Reinstatement Date means the date from which a policy will be reinstated after cancellation.

  • Non-Paying Guarantor has the meaning assigned to such term in Section 10.11.

  • Holders of Secured Obligations means the holders of the Secured Obligations from time to time and shall include their respective successors, transferees and assigns.

  • Paying Guarantor has the meaning assigned to such term in Section 10.11.

  • Erroneous Payment Subrogation Rights has the meaning specified in Section 9.08(e).

  • Prior Security Interest means a valid and enforceable perfected first-priority security interest under the Uniform Commercial Code in the Collateral which is subject only to statutory Liens for taxes not yet due and payable or Purchase Money Security Interests.

  • Funding Guarantors as defined in Section 7.2.

  • Funding Guarantor as defined in Section 7.2.

  • pari passu as applied to the ranking of any Indebtedness of a Person in relation to other Indebtedness of such Person, means that each such Indebtedness either (a) is not subordinate in right of payment to any Indebtedness or (b) is subordinate in right of payment to the same Indebtedness as is the other, and is so subordinate to the same extent, and is not subordinate in right of payment to each other or to any Indebtedness as to which the other is not so subordinate.

  • Reinstated or “Reinstatement” means, with respect to Claims and Interests, the treatment provided for in section 1124 of the Bankruptcy Code.

  • Primary Obligations shall have the meaning provided in Section 7.4(b) of this Agreement.

  • Reinstate means reinstate, reinstated, or reinstatement with respect to Claims and Interests, that the Claim or Interest shall be rendered Unimpaired in accordance with section 1124 of the Bankruptcy Code. “Reinstated” and “Reinstatement” shall have correlative meanings.

  • Rights means, with respect to any Person, warrants, options, rights, convertible securities and other arrangements or commitments which obligate the Person to issue or dispose of any of its capital stock or other ownership interests.

  • Secondary Obligations means all Obligations other than Primary Obligations.

  • Guarantor Obligations with respect to any Guarantor, all obligations and liabilities of such Guarantor which may arise under or in connection with this Agreement (including, without limitation, Section 2) or any other Loan Document to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by such Guarantor pursuant to the terms of this Agreement or any other Loan Document).

  • Predecessor Securities of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.

  • Paid in Full or “Payment in Full” means the indefeasible payment in full in cash of all of the Guaranteed Obligations.

  • Junior Security of a Person means, when used with respect to the Securities of any series, any Qualified Capital Stock of such Person or any Indebtedness of such Person that is subordinated in right of payment to the Securities of such series and has no scheduled installment of principal due, by redemption, sinking fund payment or otherwise, on or prior to the Stated Maturity of the Securities of such series.

  • Assignable Loan means a Loan that is capable of being assigned or novated to, at a minimum, commercial banks or financial institutions (irrespective of their jurisdiction of organization) that are not then a lender or a member of the relevant lending syndicate, without the consent of the Reference Entity or the guarantor, if any, of such Loan (or the consent of the applicable borrower if the Reference Entity is guaranteeing such Loan) or any agent;

  • Guarantor Payment as defined in Section 5.11.3.

  • other indenture securities means securities upon which the Company is an obligor outstanding under any other indenture (i) under which the Trustee is also trustee, (ii) which contains provisions substantially similar to the provisions of this Section, and (iii) under which a default exists at the time of the apportionment of the funds and property held in such special account.

  • Predecessor Security of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.

  • Senior Secured Obligations means, (a) with respect to the Term/Notes Priority Collateral, the Second-Priority Lien Obligations and, (b) with respect to the RBL Priority Collateral, the First-Priority Lien Obligations. The First-Priority Lien Obligations shall, collectively, constitute one “Class” of Senior Secured Obligations and the Second-Priority Lien Obligations shall, collectively, constitute a separate “Class” of Senior Secured Obligations.