Common use of RECOVERIES FROM THIRD PARTIES Clause in Contracts

RECOVERIES FROM THIRD PARTIES. Provided Transtech and the Cooperating PRP Group have fulfilled their obligations under this Agreement, any amounts that Transtech or the Cooperating PRP Group recover in connection with their claims against others, including but not limited to other insurers or third parties, for property damage or any other liabilities related in any way to the matters released in this Agreement shall be for the sole benefit of the recovering party (be it Transtech or the Cooperating PRP Group), and not for the benefit of London Market Insurers.