Common use of Subrogation and Waiver Clause in Contracts

Subrogation and Waiver. Lessor hereby waives any and all claims against Lessee, its assignees or sub-lessees for damage or destruction of any improvements on the Premises (whether or not resulting from the fault or negligence of Lessee, its assignees or sub- lessees or their agents or employees) which improvements are covered by insurance obtained by Lessee and, the parties agree that any policies of insurance obtained by Lessor will recognize this waiver of Lessor by a good and sufficient waiver of subrogation provision; provided, however, that nothing herein shall be construed as waiving Lessor's right to any insurance proceeds under policies obtained by Lessee, but paid for by Lessor.

Appears in 1 contract

Samples: Lease Agreement (Centennial Healthcare Corp)

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Subrogation and Waiver. Lessor hereby waives any and all claims against Lessee, its assignees or sub-lessees lessee for damage or destruction of any improvements on the Premises (whether or not resulting from the fault or negligence of Lessee, its assignees or sub- lessees sub-lessee or their agents or employees) which improvements are covered by insurance obtained by Lessee and, and the parties agree that any policies of insurance obtained by Lessor will recognize this waiver of Lessor by a good and sufficient waiver of subrogation provision; provided, however, that nothing herein shall be construed as waiving Lessor's right to any insurance proceeds under policies obtained by Lessee, but paid for by Lessor.

Appears in 1 contract

Samples: Lease Agreement (Centennial Healthcare Corp)

Subrogation and Waiver. Lessor hereby waives any and all claims against Lessee, its assignees or sub-lessees lessee for damage or destruction of any improvements on the Premises (whether or not resulting from the fault or negligence of Lessee, its assignees or sub- lessees sublessee or their agents or employees) which improvements are covered by insurance obtained by Lessee and, and the parties agree that any policies of insurance obtained by Lessor will recognize this waiver of Lessor by a good and sufficient waiver of subrogation provision; provided, however, that nothing herein shall be construed as waiving Lessor's right to any insurance proceeds under policies obtained by Lessee, but paid for by Lessor.

Appears in 1 contract

Samples: Lease Agreement (Centennial Healthcare Corp)

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Subrogation and Waiver. Lessor hereby waives any and all claims against Lessee, its assignees or sub-lessees lessee for damage or destruction of any improvements on the Premises (whether or not resulting from the fault or negligence of Lessee, its assignees or sub- lessees lessee or their agents or employees) which improvements are covered by insurance obtained by Lessee and, and the parties agree that any policies of insurance obtained by Lessor will recognize this waiver of Lessor by a good and sufficient waiver of subrogation provision; provided, however, that nothing herein shall be construed as waiving Lessor's right to any insurance proceeds under policies obtained by Lessee, but paid for by Lessor.

Appears in 1 contract

Samples: Lease Agreement (Centennial Healthcare Corp)

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