Common use of Subrogation of Purchaser Clause in Contracts

Subrogation of Purchaser. In the event Purchaser shall become liable for or suffer any damage with respect to any matter which was covered by insurance maintained by Seller on or prior to the Closing Date, Seller agrees that Purchaser shall be and hereby is, to the extent permitted under such policies and to the extent consistent with Article V hereof, subrogated to any rights of Seller under such insurance coverage, and, in addition, Seller agrees to promptly remit to Purchaser any insurance proceeds which they may receive on account of any such liability or damage.

Subrogation of Purchaser. In the event Purchaser shall become liable for or suffer any damage with respect to any matter which was covered by insurance maintained by Seller on or prior to the Closing Date, Seller agrees and CytRx agree that Purchaser shall be and hereby is, to the extent permitted under such policies and to the extent consistent with Article V VI hereof, subrogated to any rights of Seller and CytRx under such insurance coverage, and, in addition, and Seller agrees and CytRx agree to promptly remit to Purchaser any insurance proceeds which they it may receive on account of any such liability or damage.

Subrogation of Purchaser. In the event Purchaser shall become liable for or suffer any damage with respect to any matter occurring on or before the Closing Date which was covered by insurance maintained by Seller on or prior to the Closing Date, Seller agrees that Purchaser shall be and hereby is, to the extent permitted under such policies and to the extent consistent with Article V hereofpolicies, subrogated to any rights of Seller under such insurance coverage, and, in addition, Seller agrees to promptly remit to Purchaser any insurance proceeds which they Seller may receive on account of any such liability or damage.

Subrogation of Purchaser. In the event Purchaser shall become liable for or suffer any damage with respect to any matter occurring on or before the Closing Date which was covered by insurance maintained by Seller on or prior to the Closing Date, Seller agrees that Purchaser shall be and hereby is, to the extent permitted under such policies and to the extent consistent with Article V hereofpolicies, subrogated to any rights of Seller under such insurance coverage, and, in addition, Seller agrees to promptly remit to Purchaser any insurance proceeds which they may receive on account of any such liability or damage.