Common use of Subrogation of the Buyer Clause in Contracts

Subrogation of the Buyer. In the event that the Buyer shall become liable for or suffer any damage with respect to any matter which was covered by insurance maintained by the Seller on or prior to the Closing Date and for which coverage is available at the time the claim is asserted, the Buyer shall be and hereby is subrogated to any rights of the Seller under such insurance coverage and shall be entitled to receive any insurance proceeds which the Seller may receive on account of any such Liability or damage.

Subrogation of the Buyer. In the event that the Buyer shall become liable for or suffer any damage with respect to any matter which was covered by insurance maintained by the Seller on or prior to the Closing Date and for which coverage is available at the time the claim is asserted, the Buyer shall be and hereby is subrogated to any rights of the Seller under such insurance coverage and shall be entitled to receive any insurance proceeds which the Seller may receive on account of any such Liability liability or damage.

Subrogation of the Buyer. In the event that the Buyer shall subsequent to the Closing Date become liable for or suffer any damage with respect to any matter which was covered by insurance maintained by the Seller on the Subject Assets at or prior to the Closing Date and for which coverage is available at Closing, the time the claim is asserted, Seller agrees that the Buyer shall be and hereby is subrogated to any rights of the Seller under such the insurance coverage and shall be entitled indemnified by the Seller, and, in addition, the Seller agrees to receive promptly remit to the Buyer any insurance proceeds which the Seller either of them may receive on account of any such Liability liability or damage.

Subrogation of the Buyer. In the event that the Buyer shall subsequent to the Closing Date become liable for or suffer any damage with respect to any matter which was covered by insurance maintained by the Seller on the Subject Assets (other than the insurance on the Accounts Receivable) at or prior to the Closing Date and for which coverage is available at Closing, the time the claim is asserted, Seller agrees that the Buyer shall be and hereby is subrogated to any rights of the Seller under such the insurance coverage and shall be entitled indemnified by the Seller, and, in addition, the Seller agrees to receive promptly remit to the Buyer any insurance proceeds which the Seller either of them may receive on account of any such Liability liability or damage.