Retention Payment by the Named Insured Clause Samples

Retention Payment by the Named Insured. The Insurer will have no obligation whatsoever, either to an Insured or to any other natural person or entity, to pay all or any portion of any Retention amount for or on behalf of any Insured, although the Insurer will, in its sole discretion, have the right and option to pay such Retention, in which event, the Insureds agree to repay the Insurer the amount(s) the Insurer has paid with respect to the Retention. The Named Insured shall be responsible for the payment of any Retention under this Policy.
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Related to Retention Payment by the Named Insured

  • Termination In the event that either Party seeks to terminate this DPA, they may do so by mutual written consent so long as the Service Agreement has lapsed or has been terminated. Either party may terminate this DPA and any service agreement or contract if the other party breaches any terms of this DPA.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Assignment This Agreement may not be assigned by either party without prior written consent of the other party.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three