Subrogation Clause Example with 4 Variations from Business Contracts

This page contains Subrogation clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Subrogation. In the event of payment 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 effectively to bring suit to enforce such rights. 6 14. No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment in con...nection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, the Bylaws or otherwise) of the amounts otherwise indemnifiable hereunder. View More

Variations of a "Subrogation" Clause from Business Contracts

Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who shall execute all papers reasonably required and shall do everything that may be reasonably necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights. 6 1 NTD: This provision will be applicable to agreements with directors who are covered... by other D&O insurance or indemnification. 8 14. No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment in connection with any Claim made against the Indemnitee to the extent the Indemnitee has otherwise actually received payment (under any insurance policy, any provision of the Bylaws Company's Bye-Laws, or otherwise) of the amounts otherwise indemnifiable hereunder. View More
Subrogation. In the event of payment 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 effectively to bring suit to enforce such rights. 6 14. 12. No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment in... connection with any Claim claim made against Indemnitee to the extent Indemnitee has otherwise actually received (and is entitled to retain) payment (under any insurance policy, the Bylaws Bylaw or otherwise) of the amounts otherwise indemnifiable hereunder. hereunder (net of any expenses incurred in obtaining such payment). View More
Subrogation. In the event of payment 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 effectively to bring suit to enforce such rights. 6 14. 9 . (Form effective as of 11-16-09) 13. No Duplication of Payments. The Company shall not be liable under t...his Agreement to make any payment in connection with any Claim claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, the Bylaws by law, or otherwise) of the amounts otherwise indemnifiable hereunder. View More
Subrogation. In the event of payment 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 effectively to bring suit to enforce such rights. 6 14. -5- 13. No Duplication of Payments. The Company shall not be liable under this Agreement to make any paymen...t in connection with any Claim claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, the Bylaws Bylaw, or otherwise) of the amounts otherwise indemnifiable Indemnifiable hereunder. View More