Subrogation Clause Example from Business Contracts

This example Subrogation clause appears in 13 contracts from 8 companies

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 Indemnitee against other persons, and 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 rights.
Biostage, Inc. Contracts

INDEMNIFICATION AGREEMENT (Filed With SEC on March 20, 2013)