Common use of Landlord’s Waiver and Release of Claims and Subrogation Clause in Contracts

Landlord’s Waiver and Release of Claims and Subrogation. To the extent not expressly prohibited by the Laws, Landlord, on behalf of Landlord and its insurers, waives, releases and discharges Tenant from all claims or demands whatsoever arising out of damage to or destruction of the Property, or loss of use of the Property, occasioned by fire or other casualty, regardless whether any such claim or demand results from the negligence or fault of Tenant, or otherwise, and Landlord will look only to Landlord's insurance coverage (regardless whether Landlord maintains any such coverage) in the event of any such claim. Notwithstanding the foregoing, Tenant will continue paying Rent without any right of abatement to the extent Landlord does not receive rent interruption insurance proceeds, if Tenant's negligence or fault causes or contributes to any damage to the Premises or the Property. Landlord's policy or policies of property insurance will permit releases of liability and will provide for waiver of subrogation as provided in this Section.

Appears in 1 contract

Samples: Office Lease Agreement (Wells Real Estate Investment Trust Inc)

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Landlord’s Waiver and Release of Claims and Subrogation. To the extent not expressly prohibited by the Laws, Landlord, on behalf of Landlord and its insurers, waives, releases and discharges Tenant from all claims or demands whatsoever arising out of damage to or destruction of the Property, or loss of use of the Property, occasioned by fire or other casualty, regardless whether any such claim or demand results from the negligence or fault of Tenant, or otherwiseother, vise, and Landlord will look only to Landlord's insurance coverage (regardless whether Landlord maintains any such coverage) in the event of any such claim. Notwithstanding the foregoing, Tenant will continue paying Rent without any right of abatement abatement, to the extent Landlord does not receive rent interruption insurance proceeds, if and to the extent Tenant's negligence or fault causes or contributes to any damage to the Premises or the Property. Landlord's policy or policies of property insurance will permit releases of liability and will provide for waiver of subrogation as provided in this Sectionsection.

Appears in 1 contract

Samples: Office Lease Agreement (Airspan Networks Inc)

Landlord’s Waiver and Release of Claims and Subrogation. To the extent not expressly prohibited by the Laws, Landlord, on behalf of Landlord and its insurers, waives, releases and discharges Tenant from all claims or demands whatsoever arising out of damage to or destruction of the Property, or loss of use of the Property, occasioned by fire or other casualty, regardless of whether any such claim or demand results from the negligence or fault of Tenant, or otherwise, and Landlord will look only to Landlord's ’s insurance coverage (regardless of whether Landlord maintains or is required to maintain any such coverage) in the event of any such claim. Notwithstanding the foregoing, Tenant will continue paying Rent without any right of abatement abatement, to the extent Landlord does not receive rent interruption insurance proceeds, if Tenant's ’s negligence or fault causes or contributes to any damage to the Premises or the Property. Landlord's ’s policy or policies of property insurance will permit releases of liability and will provide for waiver of subrogation as provided in this Sectionsection. All of Landlord’s insurance will be written by companies rated at least “Best A-VII” or otherwise reasonably satisfactory to Tenant.

Appears in 1 contract

Samples: Office Lease Agreement (Royal Caribbean Cruises LTD)

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Landlord’s Waiver and Release of Claims and Subrogation. To the extent not expressly prohibited by the Laws, Landlord, on behalf of Landlord and its insurers, waives, releases and discharges Tenant from all claims or demands whatsoever arising out of damage to or destruction of the Property, or loss of use of the Property, occasioned by fire or other casualty, regardless whether any such claim or demand results from the negligence or fault of Tenant, or otherwise, and Landlord will look only to Landlord's ’s insurance coverage (regardless whether Landlord maintains any such coverage) in the event of any such claim. Notwithstanding the foregoing, Tenant will continue paying Rent without any right of abatement abatement, to the extent Landlord does not receive rent interruption insurance proceeds, if Tenant's ’s negligence or fault causes or contributes to any damage to the Premises or the Property. Landlord's ’s policy or policies of property insurance will permit releases of liability and will provide for waiver of subrogation as provided in this Section.section. Single Tenant Office Lease Agreement Horizon Health Corporation - 17

Appears in 1 contract

Samples: Office Lease Agreement (Horizon Health Corp /De/)

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