Common use of No Right of Recovery or Subrogation Clause in Contracts

No Right of Recovery or Subrogation. Unless prohibited by applicable law, all required insurance policies shall contain provisions that the insurer will have no right of recovery or subrogation against Lessor, its parent, divisions, affiliates, subsidiaries companies, co-lessees, or co-venturers, agents, directors, officers, employees, servants, and insurers, it being the intention of the Lessor and Lessee that the insurance as affected shall protect all parties.

No Right of Recovery or Subrogation. Unless prohibited by applicable law, all required insurance policies shall contain provisions that the insurer will have no right of recovery or subrogation against Lessorthe Owner, its parent, divisions, affiliates, subsidiaries companies, co-lesseesOperators, or co-venturers, agents, directors, officers, employees, servants, and insurers, it being the intention of the Lessor Owner and Lessee Operator that the insurance as affected shall protect all parties.

No Right of Recovery or Subrogation. Unless prohibited by applicable law, all required insurance policies shall contain provisions that the insurer will have no right of recovery or subrogation against the Lessor, its parent, divisions, affiliates, subsidiaries companies, co-lesseesOperators, or co-venturers, agents, directors, officers, employees, servants, and insurers, it being the intention of the Lessor and Lessee that the insurance as affected shall protect all parties.