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.
Appears in 4 contracts
Sources: Lease Agreement, Lease Agreement, Lease Agreement
Subrogation Allowed. You acknowledge and we agree that subrogation is allowed by all parties and that this Addendum agreement supersedes any language to the contrary in the LeaseLease Contract. Accordingly, our commercial insurance carrier may make a claim against sue you for losses it pays as a result of your negligence, and your insurance carrier may make a claim against sue 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.
Appears in 3 contracts
Sources: Single Family Lease, Lease Addendum, Lease Addendum
Subrogation Allowed. You acknowledge and we agree that subrogation is allowed by all parties and that this Addendum agreement supersedes any language to the contrary in the LeaseLease Contract. 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.
Appears in 1 contract
Sources: Apartment Lease Agreement