Subrogation Clause Example from Business Contracts

This example Subrogation clause appears in 4 contracts from 4 companies

Subrogation. In the event of payment to Indemnitee by the Company under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company to bring suit to enforce such rights.
Found in Stran & Company, Inc. contract
Stran & Company, Inc. Contracts

Form of Indemnification Agreement between Stran & Company, Inc. and each independent director (Filed With SEC on October 7, 2021)

Elephant Oil Corp. Contracts

Form of Indemnification Agreement (Filed With SEC on August 12, 2022)

Asset Entities Inc. Contracts

Form of Indemnification Agreement between Asset Entities Inc. and each officer or director (Filed With SEC on September 2, 2022)

MARIZYME INC Contracts

Form of Indemnification Agreement between Marizyme, Inc. and each current officer or director (Filed With SEC on November 2, 2022)