Subrogation of Rights. In the event that the Seller makes any payment in respect of Damages pursuant to this Article VI, the Seller shall, to the extent of such payment, be subrogated to all rights of the Buyer Indemnified Parties against any third party in respect of the Damages to which such payment relates. The Buyer shall execute upon request all instruments, documents and agreements reasonably required to evidence or further perfect such right of subrogation.
Appears in 3 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Multimedia Platforms Inc.), Asset Purchase Agreement (Emmis Communications Corp)
Subrogation of Rights. In the event that the Seller makes or the Members make any payment in respect of Damages pursuant to this Article VI, the Seller or the Members shall, to the extent of such payment, be subrogated to all rights of the Buyer Indemnified Parties against any third party in respect of the Damages to which such payment relates. The Buyer shall execute upon request all instruments, documents and agreements reasonably required to evidence or further perfect such right of subrogation.
Appears in 1 contract
Subrogation of Rights. In the event that the Seller makes any payment in respect of Damages pursuant to this Article VIARTICLE IX, the Seller shall, to the extent of such payment, be subrogated to all rights of the Buyer Indemnified Parties against any third party in respect of the Damages to which such payment relates. The Buyer shall execute upon request all instruments, documents documents, and agreements reasonably required to evidence or further perfect such right of subrogation.
Appears in 1 contract
Samples: Asset Purchase Agreement (Emmis Communications Corp)
