Common use of Subrogation Clause Clause in Contracts

Subrogation Clause. YOU will transfer to US YOUR rights of recovery against any other party for any DAMAGES WE have paid on YOUR behalf. YOU must do everything necessary to secure these rights and do nothing that would jeopardize them. WE will not exercise OUR right to recover against any of YOU unless the DAMAGES result from any dishonest, fraudulent, criminal, malicious or intentional WRONGFUL ACT(S) committed by YOU. Any amount recovered from subrogation shall be apportioned as follows: Any amount recovered shall first be used for repayment of SUBROGATION EXPENSES; second, to any DAMAGES and/or CLAIM EXPENSE paid by US; third, to any DAMAGES and CLAIM EX- PENSE paid by an excess insurer on YOUR behalf; fourth, to any DAMAGES and CLAIM EXPENSE paid by any other primary insurer on YOUR behalf; and last, to repayment of YOUR DEDUCTIBLE.

Appears in 2 contracts

Samples: Architects and Engineers Professional Liability Insurance Policy, Insurance Policy

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Subrogation Clause. YOU will transfer to US YOUR rights of recovery against any other party for any DAMAGES WE have paid on YOUR behalf. YOU must do everything necessary to secure these rights and do nothing that would jeopardize them. WE will not exercise OUR right to recover against any of YOU unless the DAMAGES result from any dishonest, fraudulent, criminal, malicious or intentional WRONGFUL ACT(S) committed by YOU. Any amount recovered from subrogation shall be apportioned as follows: Any amount recovered shall first be used for repayment of SUBROGATION EXPENSES; secondsec- ond, to any DAMAGES and/or CLAIM EXPENSE paid by US; third, to any DAMAGES and CLAIM EX- PENSE EXPENSE paid by an excess insurer on YOUR behalf; fourth, to any DAMAGES and CLAIM EXPENSE EX- PENSE paid by any other primary insurer on YOUR behalf; and last, to repayment of YOUR DEDUCTIBLE.

Appears in 1 contract

Samples: Architects and Engineers Professional Liability Insurance Policy

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Subrogation Clause. YOU will transfer to US YOUR rights of recovery against any other party for any DAMAGES WE have paid on YOUR behalf. YOU must do everything necessary to secure these rights and do nothing that would jeopardize them. WE will not exercise OUR right to recover against any of YOU unless the DAMAGES result from any dishonest, fraudulent, criminal, malicious or intentional inten- tional WRONGFUL ACT(S) ACTS committed by YOU. Any amount recovered from subrogation shall be apportioned as follows: Any amount recovered shall first first, be used for repayment re- payment of SUBROGATION EXPENSES; second, to any DAMAGES and/or CLAIM EXPENSE paid by US; third, to any DAMAGES and CLAIM EX- PENSE EXPENSE paid by an excess insurer on YOUR behalf; fourth, to any DAMAGES and CLAIM EXPENSE paid by any other primary insurer on YOUR behalf; and last, to repayment of YOUR DEDUCTIBLE.

Appears in 1 contract

Samples: Professional Liability Insurance Coverage

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