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at bay HSB. <br />K. SUBROGATION <br />1. In the event of any payment by us of Loss, Damages, or Claim Expenses or other amounts under this <br />Policy, we are subrogated to the Insured's rights of recovery against any person or organization, and the <br />Insureds shall execute and deliver instruments, papers, and whatever else is necessary to secure such <br />rights and enable us to effectively bring suit or otherwise pursue subrogation rights in the name of the <br />Insureds under this Policy. <br />2. However, we shall not subrogate as described in paragraph VII.K.1. above: <br />a. against any Insured Person, unless such Insured Person was in violation of paragraph VI. A.1.; or <br />b. if an Insured agreed in writing to waive such Insured's right of recovery or subrogation against any <br />person or entity prior to the Cyber Event or Wrongful Act which gave rise to the Claim or Loss <br />connected with such subrogation. <br />L. RECOVERIES <br />All recoveries from third parties for payments of Loss, Damages, or Claim Expenses shall be applied in the <br />following order of priority after first deducting the costs and expenses incurred in obtaining such recovery: <br />1. to us, to reimburse us for any Retention we paid on an Insured's behalf and for any Damages, Loss, or <br />Claims Expenses we paid under this Policy; and <br />2. to the Insured, to reimburse the Insured for any Retention such Insured paid and for any other amounts <br />not covered under this Policy. <br />Provided, that such recoveries shall not include any recovery from insurance, reinsurance, security, or indemnity <br />taken for our benefit, or any portion of a Retention we waived. <br />M. AUTHORIZATION <br />The Named Insured has the authority to act on behalf of all Insureds and is responsible for the payment of <br />premiums and receiving of notices of cancellation, nonrenewal, or any change to coverage provided under this <br />Policy. All Insureds agree to this authority and have delegated, individually and collectively, all such authority <br />exclusively to the Named Insured. <br />Provided, however, that nothing within this condition, VII.M. Authorization, shall relieve any Insured from giving any <br />notice to us that is required under this Policy. <br />1,1111WIFE9RPIMAIWO" <br />This Policy, including any rights or duties herein, may not be transferred or assigned to another party unless we <br />have provided our prior written consent to such transfer or assignment. <br />O. ACTION AGAINST US <br />No action shall lie against us unless, as a condition precedent thereto, the Insured has been in full compliance with <br />all terms of this Policy. No person or entity shall have any rights under this Policy to join us as a party to any <br />action against any Insured to determine such Insured's liability, nor shall we be impleaded by such Insured or the <br />legal representatives of such Insured. <br />AB-TEO-001.1 04/2022 Page 38 of 39 <br />