No Beneficiaries. Except to the extent expressly provided otherwise in this Article VI, the indemnification provided for by this Article VI shall not inure to the benefit of any third party or parties, and shall not relieve any insurer who would otherwise be obligated to pay any claim of the responsibility with respect thereto or, solely by virtue of the indemnification provisions hereof, provide any subrogation rights with respect thereto, and each party agrees to waive such rights against the other to the fullest extent permitted.
Appears in 3 contracts
Samples: Distribution and Spinoff Agreement (Medgenesis Inc), Distribution and Spinoff Agreement (Chronimed Inc), Distribution and Spinoff Agreement (Medgenesis Inc)
No Beneficiaries. Except to the extent expressly provided otherwise in this Article VI, the indemnification provided for by this Article VI shall not inure to the benefit of any third party or parties, parties and shall not relieve any insurer who would otherwise be obligated to pay any claim of the responsibility with respect thereto or, solely by virtue of the indemnification provisions hereof, provide any subrogation rights with respect thereto, thereto and each party agrees to waive (and, as applicable, cause its Subsidiaries to waive) such rights against the other (and, as applicable, its Subsidiaries) to the fullest extent permittedpermitted by law.
Appears in 2 contracts
Samples: Registration Rights Agreement (Dupont E I De Nemours & Co), Restructuring, Transfer and Separation Agreement (Conoco Inc /De)