Common use of Subrogation Rights Clause in Contracts

Subrogation Rights. If an Indemnified Party has a right against a Person (other than as against one of the other parties to be indemnified by the Indemnifying Party) with respect to any damages or other amounts paid by the Indemnifying Party, then the Indemnifying Party shall, to the extent of such payment and to the extent permitted by Applicable Law, be subrogated to the rights of such Indemnified Party as against such Person. Notwithstanding the foregoing, no Indemnifying Party shall be subrogated to any insurance rights of any Indemnified Party.

Appears in 7 contracts

Samples: Administrative Services Agreement, Management Agreement, Management Agreement

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Subrogation Rights. If an Indemnified Party has a right against a Person (other than as against one of the other parties to be indemnified by the Indemnifying Party) with respect to any damages or other amounts paid by to the Indemnifying Indemnified Party, then the Indemnifying Party shall, to the extent of such payment and to the extent permitted by Applicable Lawpayment, be subrogated to the rights right of such Indemnified Party as against such Person. Notwithstanding the foregoing, no Indemnifying Party shall be subrogated to any insurance rights of any Indemnified Party.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Excalibur Industries Inc), Asset Purchase Agreement (Excalibur Industries Inc)

Subrogation Rights. If an Indemnified Party has a right against a Person (other than as against one of the other parties Parties to be indemnified by the Indemnifying Party) with respect to any damages or other amounts paid by the Indemnifying Party, then the Indemnifying Party shall, to the extent of such payment and to the extent permitted by Applicable Lawapplicable law, be subrogated to the rights of such Indemnified Party as against such Person. Notwithstanding the foregoing, no Indemnifying Party shall be subrogated to any insurance rights of any Indemnified Party.

Appears in 1 contract

Samples: Strategic Partnership Agreement (SNDL Inc.)

Subrogation Rights. If an Indemnified Party has a right against a Person (other than as against one of the other parties to be indemnified by the Indemnifying Party) with respect to any damages or other amounts paid by the Indemnifying Party, then the Indemnifying Party shall, to the extent of such payment and to the extent permitted by Applicable Lawapplicable law, be subrogated to the rights of such Indemnified Party as against such Person. Notwithstanding the foregoing, no Indemnifying Party shall be subrogated to any insurance rights of any Indemnified Party.

Appears in 1 contract

Samples: Strategic Partnership Agreement (SNDL Inc.)

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Subrogation Rights. If an Indemnified Party has a right against a Person (other than as against one of the other parties to be indemnified by the Indemnifying Party) with respect to any damages or other amounts paid by the Indemnifying Party, then the Indemnifying Party shall, to the extent of such payment and to the extent permitted by Applicable Law, be subrogated to the rights of such Indemnified Party as against such Person. Notwithstanding the foregoing, no The Indemnifying Party shall be subrogated to any insurance claims or rights of the Indemnified Party as against any third person with respect to any Indemnified PartyLiability paid by the Indemnifying Party pursuant to this Article 11 or any Ancillary Agreement incorporating the provisions of this Article 11.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ivax Corp /De)

Subrogation Rights. If an Any Indemnifying Party which indemnifies any Indemnified Party has a right against a Person (other than as against one for any matter pursuant to this Section 16 shall, upon payment in full of the other parties to be indemnified by the Indemnifying Party) amount owed with respect to any damages or other amounts paid by the Indemnifying Party, then the Indemnifying Party shall, such matter pursuant to the extent of such payment and to the extent permitted by Applicable Lawthis Section 16, be subrogated to the rights of such Indemnified Party as against such Person. Notwithstanding all other Persons with respect to the foregoingmatter for which indemnification was provided and, no Indemnifying Party shall be subrogated to any insurance rights in its own name or in the name of any the Indemnified Party, may assert any claim against any such person which the Indemnified Party may have with respect thereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lecroy Corp)

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