Mutual Waiver of Claims Sample Clauses

Mutual Waiver of Claims. Landlord and Tenant do each herewith and hereby release and relieve the other, and waive their claim of recovery for loss or damage to property arising out of or incident to fire, lightning or other insurable perils, to the extent covered by insurance maintained by Landlord or Tenant (or the insurance required to be maintained hereunder), whether or not such loss or damage is due to the negligence of Landlord or Tenant, Landlord Parties or Tenant Parties, or their agents, employees, guests, licensees, invitees or contractors.
AutoNDA by SimpleDocs
Mutual Waiver of Claims. Tenant and Landlord each hereby release and relieve each other, and waive their entire right to recovery against the other, for loss or damage insured by the casualty policies required herein or any other casualty policies actually held by either Tenant or Landlord, whether due to the negligence, respectively, of Landlord or Tenant, or their agents, employees, contractors, licensees or invitees. Tenant and Landlord shall cause their respective casualty policies to contain a provision allowing the foregoing waiver of claims.
Mutual Waiver of Claims. Landlord and Tenant do each herewith and hereby release and relieve the other, and waive their entire claims of recovery for loss of or damage to Landlord's or Tenant's property arising out of or incident to fire, lightning, or any other perils normally included in an "All Risk" property insurance policy when such property constitutes the Premises or the Building or is in or about the Premises, Building, or land which the Building is situated, whether or not such loss or damage is due to the negligence of Landlord or Tenant, their agents, employees, guests, licensees, invitees, or contractors.
Mutual Waiver of Claims. Despite any other provision of this Lease to the contrary, Landlord and Tenant hereby waive any rights each may have against the other as a result of any loss or damage caused to the respective party and its property, the Office and the Project, arising from any risk covered by casualty insurance with "all-perils" coverage ("CASUALTY INSURANCE") in the jurisdiction in which the Project is located. Landlord and Tenant shall cause their respective Casualty Insurance and any other policies covering loss by fire and/or causes covered by all-perils coverage, to provide that the insurer waives ("WAIVER OF SUBROGATION") all rights of recovery by way of subrogation against the other party to this Lease, in connection with any loss covered by any such policies. However, in the event the Waiver of Subrogation can only be obtained by the payment of an additional premium over and above the premium for insurance without the Waiver of Subrogation, (i) the party seeking to obtain the insurance shall give the other party notice of such additional premium and request that the other party pay such premium; and (ii) the other party shall have ten days after the giving of such notice to either (a) place such insurance with another insurer which is reasonably satisfactory to the party which gave the notice, without such additional premium, or (b) agree to pay such additional premium (in the case of Tenant, Tenant's Pro Rata Share). In the event that either Landlord or Tenant cannot obtain than Waiver of Subrogation, or either Landlord or Tenant cannot obtain the Waiver of Subrogation without additional premium and the other party fails to fulfill the requirements of clause (a) or (b) of the immediately preceding sentence, this Section 9.01 shall be deemed deleted and of no force or effect while such conditions persist.
Mutual Waiver of Claims. Sublandlord and Subtenant each hereby release the other from, and waive, their entire claim of recovery for loss of or damage to property arising out of or incident to fire, lightning or any other perils to the extent such perils are normally included in an “all riskproperty insurance policy when such property constitutes the Premises or the Building or is in, on or about the Premises, Building or the Property, whether or not such loss or damage is due to the negligence of Landlord or Subtenant or their respective agents, employees, guests, licensees, invitees or contractors.
Mutual Waiver of Claims. Notwithstanding any other provision of this Lease to the contrary, neither party to this Lease shall be liable to the other (or to the other's officers, directors, partners, members, managers, employees, agents, concessionaires, licensees, invitees, successors, or assigns) for any loss or damage caused by any risk covered by insurance described in this Lease, whether or not actually obtained by the applicable party, and each party to this Lease hereby waives any rights of recovery against the other (and the other’s officers, directors, partners, members, managers, employees, agents, concessionaires, licensees, invitees, successors, and assigns) for injury or loss on account of such covered risks.
Mutual Waiver of Claims. With effect from the Subscription Date and to the fullest extent permitted by law, Bank (for itself and for the Bank Related Parties) and Co-operative Group (for itself and each other Group Related Party), waive each and every claim which they may have against the other in relation to or in connection with or in any way arising out of the preparation, negotiation or implementation of the Liability Management Exercise or the recapitalisation of the Bank and/or the circumstances which gave rise to the requirement for a recapitalisation of the Bank. For the avoidance of doubt, none of the parties referred to in this clause shall be prohibited or restricted by this clause from enforcing any rights under any of the transaction documentation entered into in connection with the Recapitalisation Plan.
AutoNDA by SimpleDocs
Mutual Waiver of Claims. Sublandlord and Subtenant do each hereby release and relieve the other and Master Landlord, and waive their entire claim of recovery against the other party and/or Master Landlord for loss or damage to property arising out of or incident to fire, lightning or any other perils normally included in an “all-risks” property insurance policy when such property constitutes the Subleased Premises or the Building or is in, on or about the Subleased Premises, the Building or the land on which the Building is situated, whether or not such loss or damage is due to the negligence of Sublandlord, Subtenant or Master Landlord, their agents, employees, guests, licensees, invitees or contractors, to the extent such loss or damage is covered by such insurance.
Mutual Waiver of Claims. [INTENTIONALLY DELETED]
Mutual Waiver of Claims. The District and the City each release and relieve the other, and waive their right of recovery against the other, for loss or damage to their respective property which arises out of the occurrence of any peril normally insured against in a standard all risk property insurance policy. Each party shall have its respective insurer endorse the applicable insurance policies to reflect the foregoing waiver, provided that such endorsement shall not be required if the applicable insurance policy permits the named insured to waive rights of subrogation on a blanket basis, in which case such blanket waiver shall be acceptable.
Time is Money Join Law Insider Premium to draft better contracts faster.