Common use of Waiver of Recovery Clause in Contracts

Waiver of Recovery. Neither Landlord nor Tenant shall be liable to the other or to any insurance company (by way of subrogation or otherwise) insuring the other party for any loss or damage to any structure, building, or other tangible property, or any resulting loss of income, or losses under worker’s compensation laws and benefits, even though such damage or loss might have been occasioned by the negligence of such other party, its agents or employees, if any such loss or damage is covered by insurance benefiting the party suffering such loss or damage or was required of such party to be covered by insurance pursuant to this Lease. Landlord and Tenant each represent to the other that their present insurance policies now in force permit such waiver.

Waiver of Recovery. Neither Landlord nor Tenant shall be liable to the other or to any insurance company insuring the other party (by way of subrogation or otherwise) insuring the other party for any loss or damage to any structure, building, or other tangible property, or any resulting loss of income, or losses under worker’s compensation laws and benefits, even though such damage or loss might have been occasioned by the negligence of such other party, its Landlord or Tenant or any of their agents or employees, if any such loss or damage is covered by insurance benefiting the party suffering such loss or damage or was required of such party to be covered by insurance pursuant to this Lease. Landlord and Tenant each represent to the other that their present insurance policies now in force permit such waiver.

Waiver of Recovery. Neither Landlord nor Tenant shall be liable to the other or to any insurance company (by way of subrogation or otherwise) insuring the other party for any loss or damage to any structure, building, or other tangible property, or any resulting loss of income, or losses under worker’s 's compensation laws and benefits, even though such damage or loss might have been occasioned by the negligence of such other party, its Landlord or Tenant or any of their agents or employees, if any such loss or damage is covered by insurance benefiting the party suffering such loss or damage or was required of such party to be covered by insurance pursuant to this Lease. Landlord and Tenant each represent to the other that their present insurance policies now in force permit such waiver.