Right to Recourse Sample Clauses

Right to Recourse. Greenval becomes party to the insured’s right to compensation in respect of the damage to the extent that it is covered by the insurance and has been paid by the company. However, there will be no recourse for the person who drives the insured vehicle and then causes damage unintentionally or through simple negligence. This limitation does not cover recourse against the person who is liable for damage which is covered through theft insurance or caused in connection with drink driving. To the same extent that Greenval has paid compensation from motor vehicle insurance, according to the Motor Traffic Damage Act (1975:1410), Greenval is entitled to demand repayment of compensation from the person who caused the damage deliberately or through gross negligence or negligence in connection with drink driving. According to the Motor Traffic Damage Act, Greenval may also make a recovery claim against the owner of a railway or tram track, as well as against the person who is liable for damage in accordance with the Product Liability Act (1992:18). The insured must not conclude an agreement with the person who is liable for the damage which means that Greenval’s right of recourse is restricted. If it does happen, Greenval will be entitled to demand a refund from the policyholder for the amount which corresponds to the restriction.
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Right to Recourse. UHHQYDO EHFRPHV SDUW\ WR WKH LQVXUHG¶V ULthJe KW WR extent that it is covered by the insurance and has been paid by the company. However, there will be no recourse for the person who drives the insured vehicle and then causes damage unintentionally or through simple negligence. This limitation does not cover recourse against the person who is liable for damage which is covered through theft insurance or caused in connection with drink driving. To the same extent that Greenval has paid compensation from motor vehicle insurance, according to the Motor Traffic Damage Act (1975:1410), Greenval is entitled to demand repayment of compensation from the person who caused the damage deliberately or through gross negligence or negligence in connection with drink driving. According to the Motor Traffic Damage Act, Greenval may also make a recovery claim against the owner of a railway or tram track, as well as against the person who is liable for damage in accordance with the Product Liability Act (1992:18). The insured must not conclude an agreement with the person who is liable for the damage which PHDQV WKDW *UHHQYDO¶V ULJKW RI UHFRXUVH LV UHVWULF demand a refund from the policyholder for the amount which corresponds to the restriction.
Sample 1

Related to Right to Recourse

  • OUR RIGHT TO RECOVER PAYMENT A. If we make a payment under this policy and the person to or for whom payment was made has a right to recover damages from another we shall be subrogated to that right. That person shall do:

  • Right to Reject Notwithstanding Buyer’s rights pursuant to Sec. 8.5 and save other rights pursuant to this Order, Buyer may reject any goods within 2 months from the delivery if they are materially defective and in Buyer’s reasonable assessment do not allow a commercially reasonable use. In that case, no payments for these goods are due.

  • FEDERAL RIGHT TO RECLAIM In the event a United States governmental agency demands and takes over the entire facilities of the Airport or the portion thereof wherein the Premises are located, for war or national emergency, for a period in excess of 90 consecutive days, then this Agreement will terminate and Authority will be released and fully discharged from any and all liability hereunder. In the event of this termination, Company's obligation to pay rent will cease; however, nothing herein will be construed as relieving either party from any of its liabilities relating to events or claims of any kind whatsoever prior to this termination.

  • Right to Rescind You have the right to rescind this Agreement within three (3) business days of your receipt of this Agreement by contacting Starion at: 0-000-000-0000; xxxxxx@xxxxxxxxxxxxx.xxx; or P.O. Box 845, Middlebury, CT 06762.

  • Right to Refuse Employees have the right to refuse to undergo drug and alcohol testing. If an employee refuses to undergo drug or alcohol testing requested or required by the Employer, no such test shall be given.

  • Right to Receive Documentation a. Periodic Statements. Transfers and withdrawals made through any ATM or POS terminal, debit card transactions, audio response transactions, preauthorized EFTs, online/PC transactions, mobile access device transactions or xxxx payments you make will be recorded on your periodic statement. You will receive a statement monthly unless there is no transaction in a particular month. In any case, you will receive a statement at least quarterly.

  • Right to Review After receiving written notice of the denial of a claim, a claimant or his representative shall be entitled to:

  • Right to Rent It is a condition of this tenancy that you and anyone living in the Property must have a ‘right to rent’ as set out in Section 22 of the Immigration Xxx 0000.

  • Issuer Right to Redirect In the event that the Issuer determines in its sole discretion that any deduction or withholding for or on account of any Tax will be required by Applicable Law in connection with any payment due to any of the Agents on any Notes, then the Issuer will be entitled to redirect or reorganise any such payment in any way that it sees fit in order that the payment may be made without such deduction or withholding provided that, any such redirected or reorganised payment is made through a recognised institution of international standing and otherwise made in accordance with this Agreement and the Programme Manual. The Issuer will promptly notify the Agents and the Noteholders of any such redirection or reorganisation. For the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by Applicable Law for the purposes of this Clause 7.1.9.

  • Waiver of Right to Trial by Jury EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

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