Common use of Insurance and Subrogation Clause in Contracts

Insurance and Subrogation. The Company shall not be liable under the Articles of Incorporation or this Article VI to make any payment of amounts otherwise indemnifiable hereunder if, but only to the extent that, the Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. In the event of any payment hereunder, the Company shall be subrogated to the extent of such payment to all the rights of recovery of the Indemnitee, who shall execute all papers required and take all action reasonably requested by the Company to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

Appears in 10 contracts

Samples: Administrative Services Agreement (Redquartz Atlanta LLC), Administrative Services Agreement (Egpi Firecreek, Inc.), Subscription Agreement (Marshall Holdings International, Inc.)

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Insurance and Subrogation. The Company shall not be liable under ------------------------- the Articles of Incorporation or this Article VI to make any payment of amounts otherwise indemnifiable hereunder if, but only to the extent that, the Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. In the event of any payment hereunder, the Company shall be subrogated to the extent of such payment to all the rights of recovery of the Indemnitee, who shall execute all papers required and take all action reasonably requested by the Company to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

Appears in 2 contracts

Samples: Plan of Merger (International Development Corp), Plan and Agreement of Merger (Marmion Industries Corp)

Insurance and Subrogation. The Company Corporation shall not be liable under the Articles of Incorporation or this Article VI to make any payment of amounts otherwise indemnifiable hereunder if, but only to the extent that, the Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. In the event of any payment hereunder, the Company Corporation shall be subrogated to the extent of such payment to all the rights of recovery of the Indemnitee, who shall execute all papers required and take all action reasonably requested by the Company Corporation to secure such rights, including execution of such documents as are necessary to enable the Company Corporation to bring suit to enforce such rights.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Quest Resource Corp), Agreement and Plan of Merger (Pride International Inc)

Insurance and Subrogation. The Company shall not be liable under -------------------------- the Articles of Incorporation or this Article VI to make any payment of amounts otherwise indemnifiable hereunder if, but only to the extent that, the Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. In the event of any payment hereunder, the Company shall be subrogated to the extent of such payment to all the rights of recovery of the Indemnitee, who shall execute all papers required and take all action reasonably requested by the Company to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

Appears in 2 contracts

Samples: Plan and Agreement of Merger (Atng Inc), Escrow Agreement (Med X Systems Inc)

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Insurance and Subrogation. The Company shall not be liable under the Articles of Incorporation or this Article VI 14 to make any payment of amounts otherwise indemnifiable hereunder if, but only to the extent that, the an Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. In the event of any payment hereunder, the Company shall be subrogated to the extent of such payment to all the rights of recovery of the Indemnitee, who shall execute all papers required and take all action reasonably requested by the Company to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Edge Petroleum Corp), Agreement and Plan of Merger (Chaparral Energy, Inc.)

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