Subrogation Clause Example from Business Contracts

Subrogation. In the event of payment under this Agreement, the Company will be subrogated to the extent of such payment to all of the related rights of recovery of Indemnitee against other persons or entities (other than Indemnitee's successors), including any entity or enterprise referred to in clause (i) of the first sentence of the definition of "Indemnifiable Claim". Indemnitee will execute all papers reasonably required to evidence such rights (all of Indemnitee's reasonable Expenses, including attorney...s' fees and charges, related thereto to be reimbursed by or, at the option of Indemnitee, advanced by the Company). View More