Recovering Finance Party’s rights (a) On a distribution by the Agent under Clause 27.2 (Redistribution of payments), the Recovering Finance Party will be subrogated to the rights of the Finance Parties which have shared in the redistribution.
(b) If and to the extent that the Recovering Finance Party is not able to rely on its rights under paragraph (a) above, the relevant Obligor shall be liable to the Recovering Finance Party for a debt equal to the Sharing Payment which is immediately due and payable.
Recovery Each Protected Person shall use its reasonable efforts to pursue other third-party sources of indemnification in respect of any Liabilities for which it or any Protected Person may require indemnification in accordance with this Section 4. If any Protected Person recovers any amounts in respect of any Liabilities from insurance coverage or any third-party source, then such Protected Person shall, to the extent that such recovery is duplicative, reimburse the Issuer for any amounts previously paid to it by the Issuer in respect of such Liabilities.
Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;
Recoveries If we pay an insured for loss under this policy and lost or damaged property is recovered or payment is made by those responsible for the loss, the following provisions apply:
a. The insured must notify us or we will notify the insured promptly if either recovers the property or receives payment.
b. Any proper expenses incurred by either party in making the recovery are reimbursed first.
c. The insured may keep recovered property by refunding us the amount of the claim paid or any lesser amount to which we agree.
d. If the claim paid is less than the agreed loss due to a deductible, special limit of insurance or other limiting terms of the policy, any recovery will be pro-rated between the insured and us based on our respective interests in the loss.
Recovered Property If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.