Common use of Claims in Process Clause in Contracts

Claims in Process. Any claims made against insurers under the ---------------- Policies prior to the Distribution Date and unpaid as of such date shall be for the account of the party (i) whose asset after the Distribution Date is the basis for the claim, or (ii) in the case of a liability claim, which is the owner after the Distribution Date of the facility at which the activity which is the subject of the claim occurred or is alleged to have occurred. If the proceeds of the claim are received by a party other than the party entitled to receive such proceeds pursuant to this Section 1.01, such receiving party shall pay over such proceeds to such other party. In respect of claims under Policies for the account of LifePoint or Triad, in the event that any deductible, co- insurance or self-insured retention in respect of such claim has not been paid or accounted for prior to the Distribution Date, or if the Policy under which the claim was made provides for any aggregate deductible, co-insurance or self- insured retention or if the claim is not fully covered because the aggregate policy limits have been exhausted, such amounts shall be paid to such party by Columbia/HCA pursuant to the indemnification provided for in the Distribution Agreement.

Claims in Process. Any claims made against insurers under the ---------------- ----------------- Policies prior to the Distribution Date and unpaid as of such date shall be for the account of the party (i) whose asset after the Distribution Date is the basis for the claim, or (ii) in the case of a liability claim, which is the owner after the Distribution Date of the facility at which the activity which is the subject of the claim occurred or is alleged to have occurred. If the proceeds of the claim are received by a party other than the party entitled to receive such proceeds pursuant to this Section 1.01, such receiving party shall pay over such proceeds to such other party. In respect of claims under Policies for the account of LifePoint or Triad, in the event that any deductible, co- insurance or self-insured retention in respect of such claim has not been paid or accounted for prior to the Distribution Date, or if the Policy under which the claim was made provides for any aggregate deductible, co-insurance or self- insured retention or if the claim is not fully covered because the aggregate policy limits have been exhausted, such amounts shall be paid to such party by Columbia/HCA pursuant to the indemnification provided for in the Distribution Agreement.