Subrogation Clause Example with 6 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 any payment of Indemnifiable Amounts under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of the Independent Director against other persons, and the Independent Director shall take, at the request of the Company, all reasonable action necessary to secure such rights, including the execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.
Found in Parc Investments, Inc. contract

Variations of a "Subrogation" Clause from Business Contracts

Subrogation. In the event of any payment of Indemnifiable Amounts under this Agreement, the Company Companies shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of the Independent Director Indemnitee against other persons, and the Independent Director Indemnitee shall take, at the request of the Company, Companies, all reasonable action necessary to secure such rights, including the execution of such documents as are necessary to enable the Company Companies to... bring suit to enforce such rights. View More
Found in ANSYS contract
Subrogation. In the event of any payment of Indemnifiable Amounts under this Agreement, Agreement or the D&O Insurance, the Company or its Insurance Carrier, as the case may be, shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of the Independent Director against other persons, and the Independent Director shall take, at the request of the Company, all reasonable action necessary to secure such rights, including the execution of such documents as are necessary... to enable the Company to bring suit to enforce such rights. View More
Found in 3 Contracts from AMAYA Global Holdings Corp.
Subrogation. In the event of any payment of Indemnifiable Amounts under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of 5 contribution or recovery of the Independent Director Indemnitee against other persons, and the Independent Director Indemnitee shall take, at the request and expense of the Company, all reasonable action necessary to secure such subrogation rights, including the execution of such documents as are necessary to enable the Company to brin...g suit to enforce such rights. View More
Found in Everi Holdings Inc. contract
Subrogation. In the event of Upon any payment of Indemnifiable Amounts under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of the Independent Director Indemnitee against other persons, and the Independent Director Indemnitee shall take, at the request of the Company, all reasonable action necessary to secure such rights, including the execution of such documents as are necessary to enable the Company to bring suit to enforce suc...h rights. View More
Found in ASPEN AEROGELS INC contract
Subrogation. In the event of any payment of Indemnifiable Amounts under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of the Independent Director Indemnitee against other persons, and the Independent Director Indemnitee shall take, at the request of the Company, all reasonable action necessary to secure such rights, including the execution of such documents as are necessary to enable the Company to bring suit to enforce such rig...hts. View More
Found in 13 Contracts from 8 Companies
Subrogation. In the event of any payment of Indemnifiable Amounts under this Agreement, Agreement or the D&O Insurance, the Company or its Insurance Carrier, as the case may be, shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of the Independent Director against other persons, and the Independent Director shall take, at the request of the Company, all reasonable action necessary to secure such rights, including the execution of such documents as are necessary... to enable the Company to bring suit to enforce such rights. View More
Found in 10 Contracts from 4 Companies