BENEVATE, LLC. - Laserfiche WebLink

Home Browse Search

NA EPS+ tech + pro + media + security + privacy M. SUBROGATION AND RECOVERY To the extent it pays any Damages or Claim Expenses, the Insurer shall be subrogated to all the Insureds rights of recovery therefor, including without limitation an Insureds right to indemnification or advancement from the Insured Entity. The Insureds shall execute all papers necessary to secure such rights, including executing any documents necessary to enable the Insurer effectively to bring suit in their name, and shall take no action which impairs the Insurer's rights of subrogation or recovery. N. NOTICES TO THE NAMED INSURED Any notices to the Named Insured under this Policy shall be provided to the Named Insured at the last known address and to its last known insurance agent or broker. If properly mailed to the Named Insured at such address, the date of mailing shall constitute the date such notice was given. O. CHANGES Notice to or knowledge possessed by any agent or other person acting on behalf of the Insurer does not effect a waiver or a change in any part of this Policy or stop the Insurer from asserting any right under the provisions of this Policy, nor shall the provisions be waived or changed except by written endorsement issued to form a part of this Policy. P. INSURED AUTHORIZATION The Insureds agree that the Named Insured will act on behalf of the Insureds with respect to giving of all notices to the Insurer(except notices provided in Section VI. CONDITIONS, paragraph B. NOTICE OF CLAIM, CIRCUMSTANCE OR NETWORK IMPAIRMENTfPRE-CLAIMS ASSISTANCE/DATE OF CLAIM)the receipt of notices from the Insurer, the payment of the premiums, the receipt of any return premiums that may become due under this Policy, and the agreement to and acceptance of endorsements. Q. VALUATION All premiums, limits, retentions, and other amounts under this Policy are expressed and payable in United States of America currency. If any judgment, settlement or any part thereof are expressed or calculated in any other currency, payment of such amount due under this Policy will be made in the currency of the United States of America, at the rate of exchange published in The Wall Street Journal on the date the Insurer's obligation to pay such is established, or, if not published on that date, on the date of next publication. R. BANKRUPTCY Bankruptcy or insolvency of any Insured does not relieve the Insurer of any of its obligations hereunder. If a liquidation or reorganization proceeding is commenced by the Named Insured and/or any other Insured Entity (whether voluntarily or involuntarily) under Title 11 of the United States Code (as amended), or any similar state, local or foreign law(collectively"Bankruptcy Law")then, in regard to a covered Claim under this Policy, the Insureds hereby: 1. waive and release any automatic stay or injunction to the extent it may apply in such proceeding to the proceeds of this Policy under such Bankruptcy Law; and, 2. agree not to oppose or object to any efforts by the Insurer or any Insured to obtain relief from any stay or injunction applicable to the proceeds of this Policy as a result of the commencement of such liquidation or reorganization proceeding. Copyright 0c. 1-011 CNA. All R[ghts Reserved.