SUBROGATION OF THE PURCHASER Clause Samples

SUBROGATION OF THE PURCHASER. In the event the Purchaser shall become liable for or suffer any damage with respect to any matter which was covered by insurance maintained by AHD on or prior to the Closing Date, AHD agrees that the Purchaser shall be and hereby is, to the extent permitted under such policies and to the extent consistent with Section 11 hereof, subrogated to any rights of AHD under such insurance coverage, and, in addition, AHD agrees to promptly remit to the Purchaser any insurance proceeds which they may receive on account of any such liability or damage.

SUBROGATION OF THE PURCHASER. In the event that the Purchaser shall become liable for or suffer any damage with respect to any matter which was covered by insurance maintained by the Sellers on or prior to the Time of Closing, to the extent permitted by the applicable insurance policies at no expense to Sellers, and to the extent such insurance is still in effect if not related to an Assumed Liability or a risk to be borne by Purchaser under this Agreement, the Purchaser shall be and hereby is subrogated to any rights of the Sellers under such insurance coverage, and, in addition, the Sellers agrees to promptly remit to the Purchaser any insurance proceeds which it may receive on account of any such liability or damage. Notwithstanding same, Seller shall be liable for any deductible and expenses incurred due to any matter which was covered by insurance maintained by the Sellers on or prior to the Time of Closing; provided, however, Sellers shall not under any circumstances be liable for any Assumed Liability or a risk to be borne by Purchaser under this Agreement.

SUBROGATION OF THE PURCHASER. Sellers shall cause Purchaser, and Key Bank, N.A., agent for lenders to Purchaser, to be named as additional named insureds on all of Sellers' liability insurance policies.