Subrogation Clause Example from Business Contracts

Subrogation. In the event of payment under this Agreement, Indemnitor shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers reasonably required and shall do everything that may be reasonably necessary to secure such rights, including the 8 execution of such documents necessary to enable Indemnitor effectively to bring suit to enforce such rights. Indemnitor shall pay or reimburse all expenses actually and reasonably incurred by... Indemnitee in connection with such subrogation. View More