Subrogation Allowed Sample Clauses

The 'Subrogation Allowed' clause permits one party, typically an insurer, to assume the legal rights of another party to pursue recovery from a third party responsible for a loss. In practice, after compensating the insured for a covered loss, the insurer can step into the insured's shoes to seek reimbursement from the party at fault, such as a negligent driver or contractor. This clause ensures that the party ultimately responsible for the loss bears the financial burden, while also helping to prevent double recovery by the insured and controlling insurance costs.
Subrogation Allowed. You acknowledge that subrogation is allowed by all parties and that this Addendum supersedes any language to the contrary in the Lease. Accordingly, our commercial insurance carrier may make a claim against you for losses it pays as a result of your negligence, and your insurance carrier may make a claim against us for losses it pays as a result of our negligence. We retain the right to hold you responsible for any loss in excess of your insurance coverage.
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Subrogation Allowed. Tenant(s) and Landlord agree that subrogation is allowed by all parties and that this agreement supersedes any language to the contrary in the Lease.
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Subrogation Allowed. Resident and Owner agree that subrogation is allowed by all parties.
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Subrogation Allowed. Resident acknowledges that subrogation is allowed by all parties. Accordingly, Landlord’s commercial insurance carrier may make a claim against Resident for losses it pays as a result of Resident’s negligence, and Resident’s insurance carrier may make a claim against Landlord for losses it pays as a result of Landlord’s negligence. Landlord retains the right to hold Resident responsible for any loss in excess of Resident’s insurance coverage.
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Subrogation Allowed. You and we agree that subrogation is allowed by all parties and that this agreement supersedes the language contained in lease agreement. EXHIBIT G ROOMMATE ADDENDUM REQUESTED ROOMMATES 1. Roommate Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Phone: (214) 284 - 6085 E-Mail: ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇ 2. Roommate Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Phone: E-Mail: Initials By signing below, I give my permission for Forum ▇▇▇▇▇▇ to release this information to prospective roommates. ***SIGN HERE*** { ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ } {} {131393651} {} ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (Resident) Date This Addendum ("Addendum") is made part of the Residential Lease Contract ("Agreement") dated February 24, 2022, and is between the Owner of Forum ▇▇▇▇▇▇ ("Owner") and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, (collectively and individually "Residents"), for the premises at ▇▇▇ ▇▇▇▇▇ ▇▇ #4x4 Classic, Denton, TX 76205 (the "Leased Premises"), which is located within Forum ▇▇▇▇▇▇ (the "Residential Community"). All capitalized terms used but not defined herein shall have the meaning set forth in the Agreement. Where the terms and conditions of this Addendum vary or conflict with the terms and conditions of the Agreement, the terms and conditions of this Addendum shall control.
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Subrogation Allowed. You and we agree that subrogation is allowed by all parties and that this agreement supersedes any language to the contrary in the Lease Contract.
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Subrogation Allowed. Resident and Owner agree that subrogation is allowed by all parties. The undersigned have read and understand the Lease, Community Policy, Non-­standard Rental Provisions (Addendum 2), Return of Security Deposit (Addendum 4), and Requirements of Liability Insurance (Addendum 9) stated above. Residents acknowledge that their initials next to each paragraph confirm that the Owner has identified and discussed each of the above provisions with the Residents.
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Subrogation Allowed. You and we agree that subrogation is allowed by all parties and that this agreement supersedes the language contained in lease agreement. Signed by ▇▇▇▇▇ ▇▇▇▇▇▇▇ EXHIBIT G ROOMMATE ADDENDUM PRE-LEASING PREFERENCES Floor Preference? REQUESTED ROOMMATES 1. Roommate Name: Phone: E-Mail: I understand that the information provided above does not guarantee roommate compatibility. 12/30/2022 06:01 PM CST
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Subrogation Allowed. You and we agree that subrogation is allowed by all parties and that this agreement supersedes the language contained in lease agreement. Signed by ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Signed by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ EXHIBIT G ROOMMATE ADDENDUM
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Related to Subrogation Allowed

  • Subrogation In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

  • Subrogation, etc Upon payment by the Company of any sum to the Administrative Agent for the ratable benefit of any Bank as provided above, so long as any of the Borrowing Subsidiary Obligations of a Borrowing Subsidiary shall remain outstanding hereunder, all rights of the Company against such Borrowing Subsidiary arising as a result thereof, by way of right of subrogation or otherwise, shall in all respects be subordinate and junior in right of payment to the prior indefeasible payment in full of all the Borrowing Subsidiary Obligations of that Borrowing Subsidiary to the Administrative Agent and the Banks. In furtherance of the foregoing, and not in limitation thereof, the Company agrees that until the Borrowing Subsidiary Obligations of a Borrowing Subsidiary shall have been paid in full, the Commitment has terminated and all Letters of Credit issued for the account of such Borrowing Subsidiary have expired, the Company shall withhold exercise of any right of subrogation, or any right to enforce any remedy which the Administrative Agent or any Bank may have against that Borrowing Subsidiary. If any amount shall be paid to the Company on account of such subrogation rights at any time prior to the date when the Borrowing Subsidiary Obligations of such Borrowing Subsidiary have been paid in full, the Commitment has terminated and all Letters of Credit issued for the account of such Borrowing Subsidiary have expired, such amount shall be held in trust for the benefit of the Banks and shall be paid to the Administrative Agent for the benefit of the Banks to be credited and applied upon the Borrowing Subsidiary Obligations of such Borrowing Subsidiary, whether matured or unmatured, in accordance with the terms of the Credit Agreement or to be held by the Administrative Agent for the benefit of the Banks as collateral security for any Obligations thereafter existing.

  • Subrogation Waiver All insurance policies secured or maintained by Contractor or its Subcontractors in relation to this Contract shall include clauses stating that each carrier shall waive all rights of recovery under subrogation or otherwise against Contractor or the State, its agencies, institutions, organizations, officers, agents, employees, and volunteers.

  • Subrogation Rights If any amount shall be paid to the Guarantor on account of subrogation rights at any time when all the Guaranty Obligations shall not have been paid in full, such amount shall be held in trust for the benefit of the Administrative Agent and shall forthwith be paid to the Administrative Agent to be applied to the Guaranty Obligations as specified in the Loan Documents. If (a) the Guarantor makes a payment to the Administrative Agent of all or any part of the Guaranty Obligations and (b) all the Guaranty Obligations have been paid in full and the Commitments have terminated, the Administrative Agent will, at the Guarantor’s request, execute and deliver to the Guarantor appropriate documents, without recourse and without representation or warranty of any kind whatsoever, necessary to evidence the transfer by subrogation to the Guarantor of any interest in the Guaranty Obligations resulting from such payment by the Guarantor. The Guarantor hereby agrees that it shall have no rights of subrogation, reimbursement, exoneration, contribution or indemnification or any right to participate in any claim or remedy of the Administrative Agent or any Lender against BLFC with respect to amounts due to the Administrative Agent or the Lenders until such time as all obligations of BLFC to the Lenders and the Administrative Agent have been paid in full, the Commitments have been terminated and the Credit Agreement has been terminated.

  • Subrogation and Contribution Upon making any payment with respect to any obligation of the Company under this Article, the Guarantor making such payment will be subrogated to the rights of the payee against the Company with respect to such obligation, provided that the Guarantor may not enforce either any right of subrogation, or any right to receive payment in the nature of contribution, or otherwise, from any other Guarantor, with respect to such payment so long as any amount payable by the Company hereunder or under the Notes remains unpaid.