Subrogations Clause Samples
Subrogations. If a Contracting Party or its designated agency makes a payment under an indemnity, guarantee or contract of insurance given in respect of an investment by an investor in the territory of the other Contracting Party, the latter Contracting Party shall recognise without prejudice to the rights of the investor under Chapter Two Part One the assignment of any right or claim of such investor to the former Contracting Party or its designated agency and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right and claim to the same extent as its predecessor in title.
Subrogations. In the event that the Seller has paid an indemnity in respect of a debt corresponding to a Third Party Claim, the Purchaser shall allow the Seller to take action for its own account to recover such debt from the debtor provided that all such actions be reasonable with a view not to affect the corporate interest and the goodwill of the Companies.
Subrogations salvage or other recoveries made during the calendar quarter on losses occurring during the term of the Agreement.